Yatra reports Q1 revenue $13.5M, up 23% from last year

Yatra Online announced its unaudited financial and operating results for the three months and year ended June 30. Reports Q1 Adjusted Margin from Air Ticketing of $14.1M, representing an increase of 45.8% YoY; Adjusted Margin from Hotels and Packages of $3.7M, representing an increase of 1.6% YoY; total gross bookings $241.7M, representing an increase of 11.0% YoY; loss for the period was 300,000 versus a loss of 100,000 last year reflecting an increase in loss by 200,000 YoY; result from operations were a profit of 600,000 versus a profit of 400,000 last year, reflecting an improvement of 60.2% YoY; and Adjusted EBITDA Profit was $1.4M, reflecting a decrease of 6.6% YOY. The company said, “We started FY24, on a strong footing on the Air front with the highest number of Air Passengers booked since pre-COVID in December 2019, up 41.5% YoY far outpacing domestic air passenger industry growth of 14.8% YoY. Our revenue for the quarter ended June 30, was reported at INR 1,105.8M, or $13.5M, up 23% YoY.”