Yatra Online Limited , India's largest corporate travel services provider and the third-largest online travel company, has announced impressive financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company's strategic focus on expanding its corporate client base and enhancing its technology platform has yielded significant growth across key metrics.

Financial Highlights

Yatra Online reported substantial year-over-year growth in its Q1 FY26 results:

• Revenue surged by 108% to INR 2,098.00 million
• EBITDA saw a remarkable increase of 247% to INR 242.00 million
• Net profit grew by 296% to INR 160.00 million
• EBITDA margin improved to 21%, up from 9% in the same quarter last year

Strategic Growth Initiatives

The company's strong performance can be attributed to several key factors:

1. Corporate Client Expansion: Yatra signed 34 new corporate accounts during the quarter, with a potential annual billing of INR 2,010.00 million. This expansion reinforces Yatra's position as India's largest corporate travel services provider.

2. Technology Enhancement: The company has introduced new features to improve its travel management capabilities:

   • A chatbot supporting voice instructions and over 200 languages for global accessibility
   • An AI-powered system for analyzing booking requests and drafting air travel options
   • An expense management solution with GenAI-powered receipt parsing and ERP integration

3. Diversified Revenue Streams: Yatra's performance was driven by a higher corporate travel mix and an increased share of hotels and packages business.

4. Cost Management: The company's disciplined approach to cost management has contributed to the significant improvement in EBITDA and net profit.

Segment Performance

The company's segment-wise performance for Q1 FY26 shows:

Management Commentary

Dhruv Shringi, Whole Time Director and CEO of Yatra Online, commented on the results: "Our first-quarter performance delivered strong financial and operational results, with growth rates well ahead of our annual guidance, despite disruptions in travel due to cross-border tensions and an unfortunate air crash in June 2025. Our strategic positioning and ability to scale profitably have been affirmed by these results."

Future Outlook

Looking ahead, Yatra Online remains focused on driving sustainable growth, enhancing shareholder value, and expanding its competitive edge in the global travel ecosystem. The company's strong cash position of INR 2,208.00 million as of June 30, 2025, and reduced gross debt to INR 29.00 million, provide a solid foundation for future growth and investments.

As Yatra continues to leverage its technology platform and expand its corporate client base, it is well-positioned to capitalize on the growing demand for travel services in India and maintain its leadership in the corporate travel segment.

About Yatra Online Limited

Yatra Online Limited is India's largest corporate travel services provider and one of the leading consumer travel companies. Through its website www.yatra.com and mobile applications, Yatra offers a comprehensive range of travel-related services including domestic and international air ticketing, hotel bookings, homestays, holiday packages, and ancillary services for both leisure and business travelers.

Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.

Yatra Online Limited , a prominent player in the Indian online travel industry, has achieved a significant milestone in its corporate restructuring efforts. The company recently received approval from the National Company Law Tribunal (NCLT) for its ambitious amalgamation plan, marking a crucial step towards streamlining its operations and potentially enhancing its market position.

Key Developments

The NCLT, Mumbai Bench, has allowed the Second motion petition filed by Yatra Online Limited and its subsidiaries. This petition, filed under Sections 230 to 232 of the Companies Act, 2013, pertains to a Composite Scheme of Amalgamation involving several of Yatra's subsidiary companies.

Companies Involved in the Amalgamation

The amalgamation plan encompasses the following entities:

1. Yatra TG Stays Private Limited
2. Yatra Hotel Solutions Private Limited
3. Yatra For Business Private Limited
4. Yatra Corporate Hotel Solutions Private Limited
5. Travel.Co.In Private Limited
6. Yatra Online Freight Services Private Limited

These companies are set to merge with Yatra Online Limited, the parent company.

Next Steps and Regulatory Compliance

As part of the NCLT order, Yatra Online and the involved companies are required to:

• Issue notices to authorities specified in Section 230(5) of the Companies Act, 2013
• Allow these authorities 30 days from the receipt of the notice to submit their representations, if any

Upcoming Hearing

The NCLT has scheduled the next hearing for August 13, 2025, to further proceed with the amalgamation process. This hearing will likely address any representations made by the notified authorities and potentially move the amalgamation plan closer to its final stages.

Potential Implications

While specific details of the amalgamation plan's implications were not provided, such corporate restructuring typically aims to:

• Streamline operations
• Reduce administrative overhead
• Enhance operational efficiency
• Potentially improve the company's financial position

Investor Communication

In line with regulatory requirements, Yatra Online has informed the National Stock Exchange of India Limited and BSE Limited about these developments. The company has also made the NCLT order available on its investor relations website, ensuring transparency in its communications with shareholders and the market at large.

As this amalgamation process progresses, stakeholders will be keenly watching for any impacts on Yatra Online's business operations, market position, and financial performance in the competitive online travel industry.