Results · Mobility & Logistics

Yatra Online profit plunges 98% in Q1

By Startup Enthusiast · 12 August 2026

What they do

Yatra Online is an online travel aggregator for air booking, hotels, packages, and corporate travel

It reported a consolidated net profit of ₹34 lakh for Q1 FY27, down 97.9% year-on-year from about ₹16 crore

Revenue fell 10.4% to ₹187.9 crore, but gross bookings rose 16.5% to ₹2,100.7 crore

Yatra Online announced its Q1 FY27 results on 12 August 2026, with consolidated net profit down 97.9% YoY.
Consolidated net profit fell 97.9% year-on-year to just ₹34 lakh from about ₹16 crore.
Profit dropped 95.9% quarter-on-quarter from ₹8.2 crore in Q4 FY26.
Revenue from operations declined 10.4% year-on-year to ₹187.9 crore from ₹209.8 crore.
Total expenses fell 3.6% year-on-year to ₹191.3 crore from ₹198.3 crore.
EBITDA fell 45.6% year-on-year to ₹13.2 crore, with an EBITDA margin of 10.7%.
Gross bookings rose 16.5% year-on-year to ₹2,100.7 crore.
Air passenger volumes grew 5% year-on-year, nearly twice the industry growth rate.

Profitability was dented by geopolitical disruptions, heightened competition in air booking, and the Middle East conflict.
Lower MICE (Meetings, Incentives, Conferences, Exhibitions) volumes and higher airfares also hurt results.
Corporate discretionary spending cuts further pressured earnings.
The company expects a recovery from Q2, with a stronger MICE pipeline and improved margin profile.
Motilal Oswal reiterated a BUY rating with a target price of ₹135, expecting performance improvement from the second half of FY27.

Yatra Online is an online travel aggregator (OTA) offering air booking, hotels and packages, MICE, and corporate travel services.
It operates an AI-powered expense management platform called RECAP.
The company added 53 new corporate customers in Q1, with an estimated annual revenue potential of ₹222.3 crore.
Its RECAP expense management platform crossed 20 customers during the quarter.
Air and hotels & packages transactions cumulatively grew 12.2% year-on-year.
Room nights booked increased ~30% year-on-year.

The company expects a recovery from Q2, with a significantly stronger MICE pipeline and improved margin profile.
Motilal Oswal expects performance improvement from the second half of FY27, with a CAGR of 15%/30%/29% in Revenue/EBITDA/PAT over FY26-28.