Yatra Online Clocks 109% Adjusted Revenue Growth In Q2

Yatra Online Inc YTRA reported second-quarter FY22 adjusted revenue growth of 108.8% year-on-year, to $10.64 million, missing the analyst consensus of $10.68 million.
Adjusted revenue from Air ticketing rose 100.9% Y/Y, and Hotels & Packages climbed 259.0%.
Total gross bookings amounted to $114.1 million, a 348.2% growth Y/Y.
The operating loss for the quarter was $(1.9) million versus $(3.9) million a year earlier. The adjusted EBITDA fell 40% Q/Q to $0.3 million.
The company held $25 million in cash and equivalents as of September 30, 2021.
Adjusted EPS loss of $(0.02) was in line with the consensus.
"We are also beginning to see signs of recovery in corporate travel, as a large number of employees get fully vaccinated," said CEO Dhruv Shringi.
During November 2021, gross booking for corporates grew 81.4% compared to September 2021.
Price Action: YTRA shares are trading higher by 6.74% at $1.90 in premarket on the last check Tuesday.

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