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Yatra Online Limited (IN:YATRA)
:YATRA
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Yatra Online Limited
(YATRA)
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Rating:67Neutral
Price Target:
₹172.00
▲(22.25% Upside)
Yatra Online Limited's strong earnings call performance and financial growth are significant positives, supported by strategic initiatives in corporate travel and technology. However, cash flow challenges and high valuation metrics pose risks. Technical indicators suggest overbought conditions, warranting caution.
Yatra Online Limited (YATRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.08B
Dividend YieldN/A
Average Volume (3M)334.64K
Price to Earnings (P/E)45.5
Beta (1Y)1.58
Revenue Growth118.05%
EPS GrowthN/A
CountryIN
Employees1,297
SectorServices
Sector StrengthN/A
IndustryTravel Services
Share Statistics
EPS (TTM)1.02
Shares Outstanding156,916,200
10 Day Avg. Volume166,548
30 Day Avg. Volume334,638
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹172.00Price Target Upside22.25% Upside
Rating ConsensusHold
Number of Analyst Covering1
Yatra Online Limited Business Overview & Revenue Model
Company DescriptionYatra Online Limited (YATRA) is a leading online travel company primarily operating in the Indian subcontinent. It offers a comprehensive range of travel services, including domestic and international air ticketing, hotel bookings, holiday packages, and ancillary travel services such as rail tickets, bus tickets, and car rentals. Established to cater to both leisure and business travelers, Yatra aims to provide a seamless travel planning and booking experience through its user-friendly platform and extensive network of travel partners.
How the Company Makes MoneyYatra Online Limited generates revenue through multiple streams, primarily focusing on commissions earned from airline bookings, hotel reservations, and holiday packages. The company partners with various airlines and hotels, earning a commission for every booking made through its platform. Additionally, Yatra earns service fees from travelers for bookings and value-added services such as travel insurance and visa processing. The company also collaborates with corporate clients to provide managed travel services, which contribute to its revenue. Moreover, Yatra benefits from strategic alliances and marketing partnerships that enhance its service offerings and customer reach, further driving its revenue.
Yatra Online Limited Earnings Call Summary
Earnings Call Date:Aug 08, 2025
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2025
Earnings Call Sentiment Positive
Yatra demonstrated strong financial performance with significant revenue and profitability growth driven by its corporate travel segment and technology innovations. However, challenges in the B2C segment and regulatory hurdles in restructuring efforts were notable lowlights.Q1-2026 Updates
Positive Updates
Record Revenue Growth
Yatra reported revenue of INR 2.098 billion (approximately USD 24.5 million), up 99.7% year-over-year.
Significant Increase in Profitability
Profit for the quarter stood at INR 110 million (approximately USD 1.3 million), compared to a loss of INR 0.8 million (approximately USD 0.1 million) in the same quarter of the previous year.
Strong Adjusted EBITDA Growth
Adjusted EBITDA surged to INR 206 million (approximately USD 2.4 million), representing a 214% increase year-over-year, significantly surpassing the annual guidance of 30% growth.
Corporate Travel Segment Expansion
Yatra onboarded 34 new corporate clients, adding an annual billing potential of approximately INR 2 billion.
AI and Technology Innovations
Yatra launched AI assistant DIYA, and enhanced user interfaces to improve customer experience and operational efficiency.
Reduced Debt
Gross debt reduced significantly from INR 546 million (USD 6 million) to INR 29 million (USD 0.3 million).
Negative Updates
Decline in Air Ticketing Passenger Volumes
Air ticketing passenger volumes declined 9% year-over-year.
Challenges in B2C Segment
B2C bookings were impacted by macro events, including cross-border tensions and an air crash, leading to a marginal year-over-year decline.
Regulatory and Restructuring Hurdles
Ongoing complexities and regulatory challenges in restructuring efforts, with no clear timeline for completion.
Company Guidance
During the Yatra's Fiscal First Quarter 2026 Financial Results Call, the company reported impressive financial performance, with revenue reaching INR 2.098 billion (approximately USD 24.5 million), marking a 99.7% year-over-year increase. The gross margin rose by 36.6% to INR 1.15 billion (USD 13.5 million). Profit for the quarter was INR 110 million (USD 1.3 million), a significant turnaround from a loss in the previous fiscal year. Adjusted EBITDA surged 214% year-over-year to INR 206 million (USD 2.4 million), surpassing the annual guidance of 30% growth. The call highlighted a robust corporate travel segment, which added 34 new clients, contributing an annual billing potential of INR 2 billion. Despite macroeconomic challenges, including cross-border tensions and an air crash, Yatra managed to enhance its market position in corporate travel and maintain a balanced portfolio with a strong focus on digital adoption and technology enhancements, like the introduction of the AI assistant DIYA. The company also reduced its gross debt significantly, from INR 546 million to INR 29 million, and maintained a healthy cash position of INR 2,235 million (USD 26 million).Yatra Online Limited Financial Statement Overview
Summary
Yatra Online Limited shows strong revenue growth and improved profitability margins, indicating a positive trajectory. The balance sheet is solid with low leverage and strong equity, providing financial stability. However, cash flow challenges persist, with negative operating and free cash flows highlighting the need for enhanced cash management strategies.Income Statement
Yatra Online Limited demonstrated robust revenue growth over the past year, with a notable 118.76% increase from 2024 to 2025. The Gross Profit Margin improved to 26.34% in 2025, signaling enhanced operational efficiency. Net Profit Margin turned positive at 4.62% in 2025, reflecting improved profitability. However, the EBIT Margin remains modest at 1.71%, suggesting room for improvement in operating performance. EBITDA Margin improved significantly to 9.64%, indicating better cash flow generation relative to revenue.75
Positive
Balance Sheet
The balance sheet shows a stable Equity Ratio of 59.22% in 2025, indicating a strong capital structure with equity financing. The Debt-to-Equity Ratio is low at 0.10, reflecting prudent debt management. Return on Equity improved to 4.67% in 2025, showing positive shareholder returns. Despite these strengths, continued monitoring of asset utilization is advisable.70
Positive
Cash Flow
The cash flow statement reveals a challenging operating environment with negative Operating Cash Flow of -768.09 million in 2025. However, Free Cash Flow showed improvement, albeit still negative at -830.70 million. The Operating Cash Flow to Net Income Ratio is negative, indicating cash flow challenges relative to reported profits. Attention to cash generation from core operations is essential.60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.80B | 7.91B | 3.62B | 3.38B | 1.81B | 1.08B |
| Gross Profit | 2.10B | 2.08B | 1.74B | 1.65B | 680.50M | 324.75M |
| EBITDA | 645.76M | 762.48M | 406.60M | 538.67M | 38.58M | -492.89M |
| Net Income | 269.28M | 365.74M | -45.10M | 76.34M | -307.86M | -1.19B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.23B | 12.17B | 6.81B | 5.48B | 5.63B |
| Cash, Cash Equivalents and Short-Term Investments | 2.12B | 986.79M | 4.02B | 1.00B | 1.24B | 1.95B |
| Total Debt | 0.00 | 784.01M | 853.90M | 1.78B | 628.18M | 614.91M |
| Total Liabilities | -7.59B | 5.40B | 4.70B | 5.12B | 4.47B | 4.39B |
| Stockholders Equity | 7.59B | 7.84B | 7.47B | 1.70B | 1.01B | 1.23B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -830.70M | -1.69B | -1.68B | -934.24M | 963.25M |
| Operating Cash Flow | 0.00 | -768.09M | -1.42B | -1.53B | -833.86M | 1.04B |
| Investing Cash Flow | 0.00 | 776.31M | -2.34B | -166.74M | -84.45M | -211.09M |
| Financing Cash Flow | 0.00 | -979.65M | 4.66B | 1.38B | 200.81M | 64.58M |
Yatra Online Limited Technical Analysis
Neutral
140.70
Price Trends
132.25
Positive
111.76
Positive
101.88
Positive
Market Momentum
2.63
Positive
42.39
Neutral
7.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:YATRA, the sentiment is Neutral. The current price of 140.7 is below the 20-day moving average (MA) of 155.64, above the 50-day MA of 132.25, and above the 200-day MA of 101.88, indicating a neutral trend. The MACD of 2.63 indicates Positive momentum. The RSI at 42.39 is Neutral, neither overbought nor oversold. The STOCH value of 7.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:YATRA.
Yatra Online Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹22.08B | 45.50 | ― | ― | 118.05% | ― | |
64 Neutral | ₹5.55B | 22.06 | 32.47% | 3.17% | 1.07% | 5.07% | |
62 Neutral | ₹3.55B | 20.16 | 6.69% | ― | 23.47% | -36.18% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:YATRA
Yatra Online Limited
140.70
9.15
6.96%
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Yatra Online Limited Corporate Events
Yatra Online Limited Releases Q2 2025 Financial Results
Aug 10, 2025
Yatra Online Limited, a prominent player in the online travel industry, has announced its un-audited financial results for the quarter ending June 30, 2025. The results were published in the Financial Express and Navshakti newspapers and are also available on the company’s website. This disclosure is part of the company’s compliance with the Securities and Exchange Board of India’s regulations, highlighting its commitment to transparency and providing stakeholders with timely financial information.
Yatra Online Limited Confirms Proper Utilization of IPO Proceeds
Aug 8, 2025
Yatra Online Limited has released its Monitoring Agency Report for the quarter ending June 30, 2025, confirming that the proceeds from its Initial Public Offering have been utilized in accordance with the intended objectives. The report, prepared by ICRA Limited, indicates no deviation from the planned use of funds, suggesting a stable financial management approach by Yatra Online Limited, which may reassure stakeholders about the company’s adherence to its strategic financial plans.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.