Yatra Online Beats Q3 Topline As Consumer And Corporate Travel Recovery Kicks In

March 28, 2023 9:24 AM | 1 min read |

Yatra Online, Inc. YTRA reported third-quarter adjusted revenue growth of 42.5% year-on-year to $17.997 million, beating the consensus of $11.960 million.
The increase in revenue was primarily due to a recovery in the consumer and corporate travel business.
Adjusted revenue from the Air Ticketing business increased 39.2% Y/Y to $12.2 million. The Hotels and Packages business revenue increased by 20.6% Y/Y to $3.1 million.
Total Gross Bookings (Air Ticketing, Hotels and Packages, and others) totaled $191.1 million, representing an increase of 33.4 Y/Y.
Adjusted EBITDA was $0.4 million, reflecting a decrease of 18.2% Y/Y.
Adjusted EPS loss was $(0.03).
Yatra Online held $13.1 million in cash and equivalents.
Price Action: YTRA shares closed at $1.90 on Monday.