Travel Support Services company Yatra Online announced Q3FY25 results Revenue from operations grew by 113% YoY to Rs 2,353 million, with continued momentum across key segments, including for a large part the Hotels and Packages business (up 66% YoY) and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (GAISL), which was acquired back on September 11, 2024. Revenue less Service Costs (RLSC) (Gross Margin) grew 25% YoY to Rs 1041 million demonstrating the strength of our diversified business model. Adjusted EBITDA surged 75% YoY to Rs 175 million, reflecting our disciplined focus on profitable growth and cost optimization. As a result of the foregoing factors, our profit was up 845% YoY to Rs 100 million. Yatra closed a record 50 new corporate accounts during the quarter with billing potential of Rs 2,804 million strengthening its leadership in the corporate travel domain. Yatra’s cash and cash equivalent and term deposit stands at Rs 1,828 million as on 31 st December 2024 and company has paid Rs 245 million debt during the quarter and gross debt stands at Rs 32.5 million as on 31st December 2024. Dhruv Shringi, Whole Time Director & Chief Executive Officer, said: “We are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our corporate travel business continued to be a key growth driver. Our ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalization, supply-side synergies, and enhanced margin sustainability. Furthermore, our success in onboarding 50 new corporate clients a quarterly record has strengthened our leadership in the corporate travel domain. Following our successful acquisition of Globe All India Services Limited, the integration efforts are progressing ahead of schedule, and we are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption. By leveraging Yatra’s tech platform within GAISL’s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning. Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders” Result PDF