Results · Commerce & Consumer Brands

Yatra's Q2 net loss widens 3.8 times

By Startup Enthusiast · 18 November 2023

What they do

Yatra Online is an online travel platform for hotels, flights, and packages

It reported a net loss of Rs 27.28 crore in Q2FY24, up 3.8 times from a year ago

Revenue rose 13.9% to Rs 94.75 crore, but higher expenses drove the loss

Yatra Online Inc reported its Q2FY24 financial results.
The company posted a net loss of Rs 27.28 crore, up 3.8 times from Rs 7.12 crore a year ago.
Revenue grew 13.9% year-over-year to Rs 94.75 crore.
Personnel expenses rose 34.3% to Rs 38.63 crore.
Marketing and sales promotion expenses increased 51.7% year-over-year.
Adjusted EBITDA fell 55.1% compared to the same quarter last year.
The company also initiated a share buyback plan of up to $5 million, about 5% of total value.

Higher expenses in personnel and marketing outpaced revenue growth, widening the loss.
Air ticketing margins dropped 4.8% due to softening air ticket prices.
However, hotels and packages margins improved 15.6%.
Air passenger bookings rose 31.2%, faster than the domestic air industry growth.

Yatra Online is an online travel platform offering hotels, homestays, vacation packages, visa, tours, and entertainment events.
It is a leading corporate travel service provider in India with the highest number of corporate clients.
As of March 2023, it had partnerships with over 2,105,600 hotels and accommodations.