Yatra Online , a prominent player in the Indian travel industry, has announced a significant change in its leadership team. Darpan Batra, who has served the company for approximately 14 years, has tendered his resignation from his roles as Company Secretary, Compliance Officer, and Key Managerial Personnel.

Resignation Details

According to the company's filing with the stock exchanges, Batra's resignation will take effect from the close of business hours on September 22, 2025. The decision was communicated through letters dated August 14, 2025, and September 12, 2025, citing personal reasons and his desire to pursue other growth opportunities outside the company.

Company's Response

Yatra Online has accepted Batra's resignation and expressed its appreciation for his contributions during his long tenure. In an official statement, the company said, "The Company places on record its sincere appreciation for the remarkable contribution made by Mr. Batra during his tenure of about 14 years with the Company and wishes him the very best in his future endeavours."

Regulatory Compliance

The announcement was made in compliance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has provided the necessary details as required under Schedule III - Para A(7C) of Part A of the Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Management Transition

While the company has not yet announced a successor for Batra's position, the resignation was acknowledged by Dhruv Shringi, Whole-Time Director cum CEO of Yatra Online Limited. The management will likely address the transition plan in due course.

Upcoming Investor Meeting

In a separate announcement, Yatra Online also informed the exchanges about an upcoming meeting with investors. The company's officials are scheduled to have a one-on-one virtual meeting with Antique Stock Broking Limited on Wednesday, September 24, 2025. The company emphasized that the discussion will be based on publicly available information, and no unpublished price-sensitive information (UPSI) is intended to be discussed during the interaction.

As Yatra Online navigates this transition in its key management personnel, investors and industry observers will be keen to see how the company maintains its compliance and secretarial functions in the coming months.

Yatra Online Limited (NSE: YATRA, BSE: 543992) has reported robust financial results for the first quarter, showcasing significant growth across key metrics. The company's strategic shift towards corporate travel and focus on profitability has yielded impressive results.

Financial Highlights

• Revenue surged by 108% year-over-year to INR 209.00 million
• Revenue less service cost increased by 44% to INR 115.60 crores
• EBITDA saw a remarkable 247% year-over-year growth, reaching INR 24.20 crores
• Profit after tax (PAT) nearly tripled, rising to INR 16.00 crores
• Adjusted EBITDA grew by 138% year-over-year to INR 24.90 crores, with a 21% EBITDA margin

Corporate Travel Momentum

Yatra Online continues to make significant strides in the corporate travel segment:

• Onboarded 34 new corporate clients with an annual billing potential of approximately INR 200.00 crores
• Corporate travel now accounts for about 66-67% of gross bookings, expected to reach 70% by the end of the fiscal year
• 73 of the top 100 customers have been with Yatra for more than 5 years, showcasing strong client retention

Segment Performance

Air Ticketing

• Passenger volumes declined by 9%
• Gross bookings grew by 4%
• Margins improved from 3.10% to 4.60%

Hotels & Packages

• Gross bookings increased by 43%
• Margins expanded from 7.46% to 9.05%

Financial Position

• Cash and cash equivalents, including term deposits, stood at INR 2,208.00 million as of June 30, 2025
• Gross debt significantly reduced from INR 546.00 million to INR 29.00 million

Technology Initiatives

Yatra Online is leveraging technology to enhance its offerings and operational efficiency:

• Launched AI assistant DIYA (Digital Intelligent Yatra Advisor) to improve customer service and refine search capabilities
• Expects to optimize 70-100 employee positions by fiscal year-end through automation
• Introduced a refined user interface for easier upselling of branded fares across airlines

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 well ahead of our annual guidance despite the disruption in the travel industry in India on account of cross-border tension and the unfortunate air crash in June 2025."

Outlook

• Management maintains guidance of 20% growth in gross margin and 30% growth for adjusted EBITDA for the fiscal year
• Expects gross booking growth to be closer to 15% for FY26, with a target of 20% growth in the following years
• Aims to improve EBITDA to gross margin ratio from the current 21% to 25% in the next 12-18 months, and potentially reach 30% within 36 months

Yatra Online's strategic focus on the corporate travel segment and its investments in technology appear to be paying off, positioning the company for continued growth and improved profitability in the coming quarters.