Yatra Online, Inc. · NASDAQ:YTRA
Yatra Online — Q3 2026 Earnings Presentation
18 slides from Yatra Online's earnings presentation, Feb 12, 2026
Slide 1: Yatra Online Inc. Earnings Presentation Q3/9M-FY26
Yatra Online Inc. Earnings Presentation Q3/9M-FY26
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation to purchase any securities of or any of its affiliates (as such term is defined under the U.S. federal securities laws). The presentation
Slide 3: Company Overview
Company Overview • Established in 2006, Yatra has a strong track record of building a scalable and sustainable travel Revenue & Revenue Less Service Cost (Gross Margin) (INR Mn) business. 7,954 8,184 • The company follows a multi-channel approach with a go-to-market strategy that spans the entire tr
Slide 4: Business Segments
Business Segments Corporate Business Consumer Business Yatra is India’s leading B2B Corporate platform Yatra is one of the most well recognized travel by total spend and number of customers brands in India, having won numerous awards >1,300 ~97% ~15.6M ~59% Large & Medium Corporate Customer Retentio
Slide 5: India- Total Travel Market & Online Penetration
India- Total Travel Market & Online Penetration India Total Travel Market($Bn) & Online Penetration FY24-FY27 Total Travel Market 78.4 47.0 % Online Penetration 70.5 46.0 % 63.1 46.3% 45.0 % 56.3 44.0 % 44.6% 43.0 % 42.0 % 42.7% 41.0 % 40.0 % 40.5% 39.0 % The corporate 38.0 % 37.0 % FY24 FY25 FY26 F
Slide 6: Strong Management Team
Strong Management Team Management Team Dhruv Shringi Manish Amin Whole-time Director and Siddhartha Gupta Chief Information and Sabina Chopra Anuj Sethi Jyoti Chawla Chairman Chief Executive officer Technology Officer COO (Corporate) CFO Company Secretary ▪ Previously associated ▪ Chartered accounta
Slide 7: Multiple Levers to Deliver Sustainable Growth
Multiple Levers to Deliver Sustainable Growth Levers to Deliver Sustainable Growth 1 2 3 4 Sticky Corporate Business Strong Brand Recall Ability to Cross-sell to Large Industry Leading Supply of Domestic ▪ Market leader in large corporate travel ▪ Benefitting from India’s Corporate Base Hotels manag
Slide 8: Financial Overview Q3-FY26
yatre Financial Overview ] Q3-FY26
Slide 9: Q3-FY26 Financial Performance
Q3-FY26 Financial Performance Gross Margins Gross Bookings Revenue from (Revenue less Adjusted EBITDA Adjusted Revenue Operations Service Cost) INR 21,762 Mn INR 2,577 Mn INR 1,286 Mn INR 100 Mn INR 1,781 Mn 21% YoY 10% YoY 24% YoY (18)% YoY 30% YoY Total Transactions Air Pax Corporate Client Adj EB
Slide 10: Q3-FY26 Highlights
Q3-FY26 Highlights • Q3 marked another strong performance for Yatra, with results exceeding guidance. • RLSC grew 24% YoY and Adjusted EBITDA decline by (18) % YoY . • Q3 is typically a strong quarter for leisure travel in India, while remaining seasonally weak for corporate travel. • Our overall Gr
Slide 11: Quarterly Operational Performance
Quarterly Operational Performance Revenue (INR Mn) Gross Margins (Revenue Less Service Cost) (INR Mn) 8,184 42% 31% 3,700 5,764 2,822 10% 2,577 24% 2,351 1,286 1,039 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Adjusted EBITDA (INR Mn) Profit (INR Mn) 518 105% 79 40 (425)% 104% 39
Slide 12: Operational Performance – Air
Operational Performance – Air Air Passenger Volumes (‘000) Gross Air Bookings (INR Mn) Flat 13% 45,845 4,021 4,027 40,608 14% 22% 16,931 1,314 1,491 13,828 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Q3 FY25 Q3 FY26 9M FY25 9M FY26 Air - Gross Margins (Revenue Less Service Cost) (INR Mn) Air - Gross Margins (%)
Slide 13: Operational Performance – H&P
Operational Performance – H&P Gross H&P Bookings (INR Mn) Hotel Room Nights (‘000) 11% 1,436 1,296 12,881 33% 14,0 00 12,0 00 9,664 22% 10,0 00 508 418 8,00 0 6,00 0 4,00 0 3,603 20% 4,306 2,00 0 Q3 FY25 Q3 FY26 9M FY25 9M FY26 0 Q3 FY25 Q3 FY26 9M FY25 9M FY26 H&P - Gross Margins (%) H&P - Gross Ma
Slide 14: Financial Overview 9M-FY26
yatre Financial Overview ] 9M-FY26
Slide 15: 9M-FY26 Financial Performance
9M-FY26 Financial Performance Gross Margins Gross Bookings Revenue from (Revenue less Adjusted EBITDA Adjusted Revenue Operations Service Cost) INR 60,325 Mn INR 8,184 Mn INR 3,700 Mn INR 518 Mn INR 4,841 Mn 16% YoY 42% YoY 31% YoY 104% YoY 21% YoY Total Transactions Air Pax Corporate Client Adj EBI
Slide 16: Key Operating & Financial Metrics
Key Operating & Financial Metrics Gross Air Bookings (INR Mn) Air Passenger Volumes (‘000) Revenues (INR Mn) 64,950 7,954 8,184 56,408 55,273 45,845 6,945 5,601 5,269 4,190 3,827 4,027 FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26 Gross H&P Bookings (INR Mn) Hotel Room Nights
Slide 17: Glossary
Glossary Term Description Term Description Gross booking revenue is defined as the total amount paid by customers for travel B2B Business to Business Gross Booking services and products booked through the OTAs including taxes, fees and other Revenue charges, and is net of cancellations, discounts an
Slide 18: Thank You
Thank You