Yatra Online Q3 Result 2024: Date and Time, Share Price and Target

News: Gurugram, India, February 15, 2024: Yatra Online, one of India’s leading online travel agencies (OTAs), has recently unveiled its financial results for the third quarter of the fiscal year 2024 (Q3 FY24). Let’s dive into the key highlights:

Profitability Bounces Back

After facing challenges in the second quarter (Q2), Yatra made a remarkable comeback in Q3. The company turned profitable, reporting profits of Rs 1.06 crore during this period. This is a significant improvement compared to the Rs 17.13 crore loss in the previous quarter. In the same quarter last year (Q3 FY23), Yatra had posted losses of Rs 5.6 crore.

Revenue Milestone

Yatra’s revenue from operations surged to Rs 110.3 crore in Q3 FY24, marking a 17.2% growth compared to Q2 FY24 (Rs 94.13 crore). When compared to Q3 FY23, the operating revenue increased by over 23% from Rs 89.6 crore.

Revenue Breakdown

• Hotels and Packages Bookings: Yatra generated 40.3% of its total operating revenue through hotels and packages bookings. This segment grew by 23.4%, reaching Rs 44.5 crore in Q3 FY24.
• Air Ticketing: Revenue from air ticketing increased by 5.9%, totaling Rs 41.5 crore during the same period.
• Other Operating Services and Advertising Income: The remaining Rs 24.3 crore came from other operating services and advertising income. This includes hosting ads on Yatra’s website, sale of coupons and vouchers, and facilitating website access to a travel insurance company.
• Non-Operating Income: Yatra also earned Rs 8.86 crore as non-operating income, mainly from interest and gains on financial assets. Overall, the company’s total revenue for the quarter stood at Rs 119.2 crore.

Cost Management

• Service Cost: Yatra’s service cost, related to its hotel and packages vertical, accounted for 23% of total expenses. This cost increased by 68.7%, reaching Rs 26.9 crore in Q3.
• Employee Benefits Expenses: Employee benefits expenses decreased by 12.6%, totaling Rs 32 crore during the quarter.
• Marketing and Promotion Costs: Yatra incurred marketing and promotion costs of Rs 10.7 crore.
• Payment Gateway Expense: The payment gateway expense was Rs 12.7 crore.
• Overall Expenditure: Despite controlled expenses, Yatra’s overall expenditure increased by only 3%, reaching Rs 117 crore in Q3.

Market Performance

• Yatra Online entered the Indian public market in September last year with a share price of around Rs 136. Currently, it is trading at Rs 170 per share with a market cap of over Rs 2,700 crore.
• Additionally, Yatra is listed on NASDAQ, where its current share price is $1.64 per share, with a market cap of $105 million.

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About Yatra Online Travel Agency :

Yatra Online, one of India’s most trusted online travel companies, caters to both leisure and business travelers. Through their website, mobile applications, and associated platforms, travelers can explore, research, compare prices, and book a wide range of services to meet their travel needs.

Here are some key features of Yatra:

Flights, Hotels, and More:

• Flight Bookings: Find cheap air tickets for domestic and international flights.
• Hotel Reservations: Choose from a vast repository of hotels, ranging from budget to five-star properties.
• Holiday Packages: Explore well-researched holiday packages tailored to various destinations.
• Train and Bus Tickets: Book train tickets and find state-run buses and Volvo coaches.
• Cruise Holidays: Discover a new way of arriving at your destination through cruise holidays.
• Outstation Cabs: Hassle-free booking of outstation cabs at exclusive prices.
• Indian Monuments: Purchase online tickets for Indian monuments.
• Yatra Activities: Enjoy shopping experiences, heritage walks, adventure activities, sightseeing tours, and more.

User-Friendly Experience:

• Yatra’s powerful search engine allows you to find the best combination of flights, hotels, activities, and package holidays.
• Customize your trip according to your preferences, whether it’s a honeymoon, weekend getaway, or adventure activity.
• Benefit from features like flexi stay, pay directly at the hotel, and guaranteed standard amenities.

Pricing and Security:

• Yatra offers attractive pricing and well-researched itineraries.
• Enjoy cancellation protection on domestic flights and other benefits.
• Secure flight bookings with great filters and easy navigation.

Yatra’s Q3 results reflect a resilient performance, emphasizing profitability and revenue growth. As the travel industry continues to evolve, Yatra remains a key player, adapting to changing dynamics and delivering value to its stakeholders.

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