Travel Support Services company Yatra Online announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue Rs 1,077 million, YoY: -10% EBITDA: Rs 108 million, YoY: -48% EBITDA Margin: 13% Net Profit: Rs 56 million, YoY: -38% FY24 Financial Highlights: Revenue: Rs 4,223 million YoY Growth: 11% EBITDA: Rs 273 million YoY: -47% EBITDA Margin: 8% Net Profit: Rs (45) million YoY: -159% Commenting on the results, Whole Time Director & Chief Executive Officer, Dhruv Shringi stated: “Yatra’s Gross Bookings increased by 12% YoY in the fourth quarter of FY24, driven by a 13.5% growth in Air Gross Bookings. This growth was fueled by a robust rebound in international travel in what is typically the seasonally weakest quarter. Additionally, our EBITDA increased by 128% sequentially reaching to Rs 108 million from Rs 48 million in the Q3FY24, due to increase in gross bookings and optimization of cost. Further, our EBITDA margin % increased by approximately 700 BPs sequentially reaching 13% for quarter ended March 31, 2024. For FY24, we largely met or exceeded Analyst expectations." Result PDF
Conference Call with Yatra Online Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.