Yatra Online shares zoom 19% to hit 52-week high as net profit doubles; check all Q2 numbers

Yatra's consolidated net profit in the July-September period doubled to ₹14 crore from ₹7 crore in the same period last year.

The company’s revenue rose 49% year-on-year to ₹351 crore, compared to ₹236 crore in the same period last year, driven by sustained momentum across key segments, particularly Hotels and Packages, along with a strong contribution from the MICE business.

The Gurugram-based company reported strong operational performance as its operating profit, also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), soared 158% to ₹24 crore as against ₹9 crore in the corresponding period last year. Yatra attributed the performance to its disciplined focus on profitable growth and cost optimisation.

Its EBITDA margin improved to 6.84% from 3.94% in the year-ago period.

Commenting on the results, Whole Time Director cum Chief Executive Officer, Dhruv Shringi, said, “I am pleased to report that for the second quarter we delivered robust financial and operational performance, significantly exceeding annual growth guidance despite a reduction in the overall domestic aviation industry in India. This success is driven by sustained momentum in business travel demand and effective execution across our platforms.”

Revenue less Service Costs (RLSC), or gross margin, grew 34% year-on-year to ₹126 crore in Q2 FY26, reflecting the strength and resilience of the company’s diversified business model.

In the reporting quarter, Yatra signed 34 new customers in the corporate business with an annual billing potential of ₹260 crore.

Yatra’s cash and cash equivalents, along with term deposits, stood at ₹214 crore as of September 30, 2025. Meanwhile, the company’s gross debt declined significantly from ₹55 crore as of March 31, 2025, to ₹21 crore as of September 30, 2025, reflecting a strong liquidity position and prudent financial management.

Shringi noted that Yatra’s MICE business continues to excel, solidifying its position as a leading player in the Indian market. He added that despite volume pressures in B2C air ticketing, the company’s diversified revenue mix—spanning Hotels & Packages and MICE—helped mitigate challenges.

He further highlighted that the integration of Globe Travels has brought in supplier synergies, technology innovations, and cross-selling opportunities, strengthening Yatra’s overall client offerings.

“Looking ahead, we remain focused on scaling high-margin segments, deepening technology capabilities, and driving sustainable long-term value for stakeholders. On the back of the strong momentum, we are also raising our adjusted EBITDA guidance for the full year from the current growth guidance of 30% to a revised growth guidance of 35%-40%,” Shringi further said.

Yatra Online share price

At 10:20 AM, Yatra Online shares were trading at ₹191.60 apiece on NSE, climbing 15.97%. The company’s market capitalisation stands at ₹3,006.51 crore.

In the last five trading sessions, the stock has gained 22%, while for a six-month period, it has jumped 147%. From the beginning of the year, Yatra Online shares have surged 35%.

Yatra is India’s largest managed corporate travel services provider, catering to over 1,300 large and medium corporates and approximately 58,000 SME clients, with an addressable employee base of more than 9 million.

It is also one of India’s largest online travel agency (OTA) platforms and serves as a one-stop shop for leisure travel needs, with 81% of total traffic driven by direct and organic channels. The diversified customer base is supported by a real-time integrated technology platform designed to meet the evolving needs of both corporate and consumer travellers.