Indian travel portal Yatra posts Q2 profit as revenue jumps on corporate travel demand

Overview

• Yatra fiscal Q2 revenue grows 48.5% yr/yr, driven by corporate travel and hotels

• Adjusted EBITDA for fiscal Q2 surges 217.7%, reflecting disciplined cost management

• Company achieves net profit for fiscal Q2, reversing loss from previous year

Outlook

• Company aims to scale high-margin segments and deepen technology capabilities

• Company progressing on restructuring efforts to unlock shareholder value

Result Drivers

• CORPORATE TRAVEL GROWTH - Co's corporate travel segment expanded with 34 new clients, boosting annual billing potential by INR 2,615 mln ($29.5 mln)

• HOTELS AND PACKAGES - Revenue from Hotels and Packages increased by 58.9%, driven by MICE (meetings, incentives, conferences, and exhibitions) business and Globe All India Services acquisition

• MICE BUSINESS - MICE business continues to excel, establishing Yatra as a dominant market player in India

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the leisure & recreation peer group is "buy"

• Wall Street's median 12-month price target for Yatra Online Inc is $3.00, about 43% above its November 11 closing price of $1.71

Press Release: ID:nBw9m9vC5a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)