Yatra Online Clocks 109% Adjusted Revenue Growth In Q2
Benzinga2021-12-21
- Yatra Online Inc (NASDAQ: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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.