Yatra Online, Inc. Announces Results for the Three Months Ended September 30, 2026

GURUGRAM, India & NEW YORK--(BUSINESS WIRE)--$YTRA #AirTicketing--Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel agencies, today announced its unaudited financial and operating results for the three months ended September 30, 2026. “In the second quarter of fiscal year 2027, Yatra continued to grow and outperform a softer travel market. Gross Bookings increased 5.7% year-over-year and 3.2% sequentially to INR 21,681.2 million (USD 226.2 million), even as industry domestic air traffic declined approximately 6% year-over-year and 16% sequentially, amid the conflict in the Middle East, elevated fuel prices, higher airfares and airline capacity rationalization. Revenue from operations was INR 2,099.3 million (USD 21.9 million), up 11.7% sequentially. The 40.2% year-over-year decrease mainly reflects lower MICE revenue, which is recognized on a gross basis; total Adjusted Margin was stable year-over-year. Profitability was affected by higher personnel and operating expenses, including investments in strategic initiatives. Air was a key highlight: Gross Bookings grew approximately 14.8% year-over-year and Adjusted Margin grew 17.2%, improving to 7.0% of Gross Bookings from 6.9%, as better take rates in our consumer and corporate businesses offset a higher share of distribution volumes and competitive promotions. Air passenger volumes grew sequentially despite a sharp decline in industry traffic. In Hotels and Packages, standalone Hotels grew Gross Bookings approximately 20% year-over-year, supporting our strategy of scaling this higher-margin business. Segment Gross Bookings declined approximately 20.7%, driven by headwinds to our MICE business, where higher travel costs led corporates to defer and resize programs; activity improved during the quarter as deferred programs began to be rescheduled. Corporate Travel remains a key growth pillar. We continue to expand our corporate customer base and wallet share, and to broaden our addressable market through Travel Pro for MSMEs, RECAP for expense management, and new technology and global partnerships. Looking ahead, while geopolitical and aviation-related uncertainties persist, we believe the structural drivers of travel remain compelling. We remain focused on rebuilding MICE as corporate demand recovers, scaling Hotels, strengthening profitability across Air and Hotels and Packages, and using technology, AI and automation to improve customer experience and efficiency, in pursuit of disciplined, profitable growth. I thank our team, partners, customers and shareholders for their continued support.” — Siddhartha Gupta, CEO. Financial and operating highlights for the three months ended September 30, 2026: Revenue of INR 2,136.0 million (USD 22.3 million), representing a decrease of 39.1% year-over-year basis (“YoY”). Adjusted Margin (1) from Air Ticketing of INR 1,227.5 million (USD 12.8 million), representing an increase of 20.8% YoY. Adjusted Margin (1) from Hotels and Packages of INR 381.1 million (USD 4.0 million), representing a decrease of 25.9% YoY. Total Gross Bookings (Air Ticketing, Hotels and Packages and Other Services)(3) of INR 21,654.6 million (USD 226.0 million), representing an increase of 5.6% YoY. Loss for the period was INR 235.3 million (USD 2.5 million) versus a profit of INR 98.8 million (USD 1.0 million) for the three months ended September 30, 2025, reflecting a decrease of INR 334.1 million (USD 3.5 million) YoY. Result from operations was a loss of INR 207.6 million (USD 2.2 million) versus a profit of INR 104.7 million (USD 1.1 million) for the three months ended September 30, 2025, reflecting a decrease of INR 312.3 million (USD 3.3 million) YoY. Adjusted EBITDA(2) loss was INR 32.2 million (USD 0.3 million) reflecting a decrease of 115.2% YoY. Three months ended September 30, 2025 2026 2026 YoY Change Unaudited Unaudited Unaudited (In thousands except percentages) INR INR USD % Financial Summary as per IFRS Revenue 35,08,690 21,36,029 22,290 (39.1)% Results from operations 1,04,671 (2,07,638) (2,166) (298.4)% Profit/(Loss) for the period 98,771 (2,35,310) (2,455) (338.2)% Financial Summary as per non-IFRS measures Adjusted Margin (1) Adjusted Margin - Air Ticketing 10,16,046 12,27,493 12,809 20.8% Adjusted Margin - Hotels and Packages 5,14,468 3,81,126 3,977 (25.9)% Adjusted Margin - Other Services 94,967 71,855 750 (24.3)% Others (Including Other Income) 1,37,843 1,38,834 1,449 0.7% Adjusted EBITDA (2) 2,11,985 (32,199) (336) (115.2)% Operating Metrics Gross Bookings (3) 2,05,04,854 2,16,54,583 2,25,969 5.6% Air Ticketing 1,48,11,400 1,70,06,075 1,77,461 14.8% Hotels and Packages 51,41,643 40,53,570 42,300 (21.2)% Other Services (6) 5,51,811 5,94,937 6,208 7.8% Adjusted Margin% (4) Air Ticketing 6.9% 7.2% Hotels and Packages 10.0% 9.4% Other Services 17.2% 12.1% Quantitative details (5) Air Passengers Booked 1,329 1,298 (2.4)% Stand-alone Hotel Room Nights Booked 504 490 (2.8)% Packages Passengers Travelled 33 142 329.2% Note: (1) As certain parts of our revenue are recognized on a “net” basis and other parts of our revenue are recognized on a “gross” basis, we evaluate our financial performance based on Adjusted Margin, which is a non-IFRS measure. (2) See the section below titled “Certain Non-IFRS Measures.” (3) Gross Bookings represent the total amount paid by our customers for travel services, freight services and products booked through us, including taxes, fees and other charges, and are net of cancellations and refunds. (4) Adjusted Margin % is defined as Adjusted Margin as a percentage of Gross Bookings. (5) Quantitative details are considered on a gross basis. (6) Other Services primarily consist of freight businesses, IT services, bus, rail and cab and other services. As of September 30, 2026, 64,064,495 ordinary shares (on an as-converted basis), par value $0.0001 per share, of the Company (the “Ordinary Shares”) were issued and outstanding. For complete financial tables and results, please see our 6-K filed with the SEC and on our website: https://investors.yatra.com/financial-information/sec-filings/default.aspx Conference CallRead the full story here

Yatra Online, Inc. Announces Results for the Three Months Ended September 30, 2026

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