Yatra Online Limited Reports Robust Q1 FY ’26 Growth

Yatra Online Limited ((IN:YATRA)) has held its Q1 earnings call. Read on for the main highlights of the call.

The recent earnings call for Yatra Online Limited painted a picture of robust performance, marked by significant revenue growth and improved profitability. The company demonstrated strategic expansion in its corporate client base and technological advancements, although it faced challenges in air ticketing volumes and the B2C segment due to external macroeconomic factors.

Significant Revenue Growth

Yatra Online Limited reported a remarkable revenue increase for Q1 FY ’26, reaching INR 2.098 billion (USD 24.5 million), which represents a 99.7% year-over-year growth. This surge was primarily driven by strong demand in business channels and effective execution across its platforms.

Improved Profitability

The company turned its fortunes around with a profit of INR 110 million (USD 1.3 million) for the quarter, a significant improvement from the loss of INR 0.8 million (USD 0.1 million) in the same quarter last year. This shift underscores Yatra’s successful strategies in enhancing its profitability.

Surge in Adjusted EBITDA

Yatra’s adjusted EBITDA soared to INR 206 million (USD 2.4 million), marking a 214% year-over-year increase. This performance significantly exceeded the company’s annual guidance of 30% growth, highlighting its operational efficiency and strategic execution.

Corporate Client Expansion

The company expanded its corporate client base by onboarding 34 new clients, adding an annual billing potential of approximately INR 2 billion. This expansion is a testament to Yatra’s strategic focus on the corporate travel segment.

Technological Advancements

Yatra introduced significant technological advancements, including the launch of its AI assistant DIYA and a more refined user interface. These innovations are designed to enhance user experience and operational leverage, positioning the company for future growth.

Decline in Air Ticketing Volumes

Despite the overall positive performance, Yatra faced a 9% year-over-year decline in air ticketing passenger volumes. This was attributed to macroeconomic factors and an air crash in June 2025, which impacted consumer confidence.

B2C Segment Challenges

The B2C segment experienced marginal declines in bookings year-over-year, influenced by macro events and consumer sentiment affected by cross-border tensions. This segment remains a challenge amidst external pressures.

Forward-Looking Guidance

Yatra’s forward-looking guidance remains optimistic, with expectations of continued growth in its corporate travel segment, which constitutes a significant portion of its business. The company’s strategic focus on digital adoption and new technology initiatives, such as the AI assistant DIYA, are expected to drive future growth. Additionally, Yatra has significantly reduced its gross debt, positioning itself more favorably for future financial stability.

In summary, Yatra Online Limited’s earnings call highlighted a strong performance with significant revenue growth and improved profitability. The company’s strategic expansion in corporate clients and technological advancements were key highlights, despite facing challenges in air ticketing volumes and the B2C segment. The forward-looking guidance suggests a positive outlook, with continued focus on digital adoption and corporate travel expansion.