Travel Support Services company Yatra Online announced Q1FY25 results: Financial Highlights: Revenue: Rs 1,008 million, YoY Growth: (9)% EBITDA: Rs 70 million, YoY Growth: (61)% EBITDA Margin: 9% PAT: Rs 40 million, YoY Growth: (33)% Business Highlights: For Q1FY25, Yatra reported revenue of Rs 1,008 million, down 9% YoY largely due to the impact of reduced volumes in the B2C segment, as the company optimized discounts amid intensifying price competition in the market. Yatra continued to expand its corporate client base and closed 34 new corporate accounts during the quarter with billing potential of Rs 2,028 million with average billing potential up 77% sequentially. Yatra made significant strides in its newly launched MICE business with a newly onboarded team that began ramping up operations during the quarter. While MICE contributions were muted for the June quarter, early indicators for the current quarter are positive, with meaningful business already secured. Commenting on the results, Whole Time Director & Chief Executive Officer, Dhruv Shringi stated: “For the three months ended June 30, 2024, we reported revenue of Rs 1,008 million, representing a decline of 9% year-over-year. The decline was primarily driven by reduced volumes in the B2C segment, as we optimized discounts amid intensifying price competition in the market. Despite challenges in the B2C segment during the June quarter, the Corporate Travel segment showed robust growth across all key metrics. We successfully secured 34 new corporate customer accounts. As the leader in Corporate Travel services in India, our customer acquisition rates remain strong, consistently outperforming industry benchmarks. We are currently exploring strategic M&A; opportunities to further bolster our Corporate Travel segment, with a promising pipeline of prospects under evaluation. The June quarter posed challenges for our B2C segment; however, we are encouraged by the strong momentum we are witnessing in our Corporate Travel business. The growth in new corporate accounts and the exciting developments in our MICE business underscore our commitment to driving long-term value for our stakeholders. As we navigate the evolving landscape, we remain focused on our strategic priorities to further strengthen our market leadership.” Result PDF