Yatra Online Limited · NSE:YATRA
Yatra Online — Q1 FY2026 Earnings Presentation
27 slides from Yatra Online's earnings presentation, Aug 8, 2025
Slide 1: Intimation to exchanges: Investor Presentation for Q1 FY26 results
CIN NO: L63040MH2005PLC158404 August 08, 2025 Listing Manager, Manager - CRD National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051, India Mumbai – 400001, India Symbol: YATRA Scrip Cod
Slide 2: Yatra Online Limited Earnings Presentation Q1-FY26
Yatra Online Limited Earnings Presentation Q1-FY26
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) business. (INR Mn) 7,914 • The company follows a multi-channel approach with a go-to-market strategy that spans the entire travel a
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 44.6% 44.0 % 42.7% 43.0 % 40.5% 42.0 % 41.0 % The corporate 40.0 % travel market has 39.0 % significant
Slide 6: 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 Corporate Industry Leading Supply of Domestic ▪ Market leader in large corporate travel ▪ Benefitting from India’s Base Hotels manag
Slide 7: Financial Overview Q1-FY26
yatre Financial Overview ] Q1-FY26
Slide 8: Q1-FY26 Financial Performance
Q1-FY26 Financial Performance Gross Margins Gross Bookings Revenue from (Revenue less Adjusted EBITDA EBITDA Net Profit Operations Service Cost) INR 18,038 Mn INR 2,098 Mn INR 1,156 Mn INR 249 Mn INR 242Mn INR 160 Mn 9% YoY 108% YoY 44% YoY 138% YoY 247% YoY 296% YoY Total Transactions EBITDA Margin
Slide 9: Trailing Twelve Months Performance
Trailing Twelve Months Performance Revenue (INR mn) RLSC (INR mn) 9,004 4,228 Financial Highlights (TTM Q1 FY26 vs TTM Q3 FY25) 7,914 3,875 • Revenue increased by 32%, reflecting strong momentum across key 3,639 segments and effective navigation of 6,801 seasonal challenges Q3'25-Q4'24 Q4'25-Q1'25 Q
Slide 10: Quarterly Operational Performance
Quarterly Operational Performance Revenue (INR Mn) Gross Margins (Revenue Less Service Cost) (INR Mn) & Gross Margins (%) YoY 108% YoY 44% Gross Margins 2,364 2,353 2,190 2,098 QoQ (4)% Gross Margins % QoQ 6% 10.00% 1,094 1,156 9.00% 1,041 8.00% 936 804 7.00% 6.00% 1,008 6.41% 5.00% 5.80% 5.86% 4.87
Slide 11: Quarterly Operational Performance – Air
Quarterly Operational Performance – Air Air Passenger Volumes (‘000) Gross Air Bookings (INR Mn) YoY (9)% YoY 4% 14,664 14,103 13,520 13,260 13,828 QoQ (3)% QoQ (4)% 1,330 1,377 1,314 1,248 1,206 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Air - Gross Margins (Rev
Slide 12: Quarterly Operational Performance – H&P
Quarterly Operational Performance – H&P Gross H&P Bookings (INR Mn) Hotel Room Nights (‘000) YoY 1% YoY 43% 3,603 3,80 0 3,662 3,390 3,433 QoQ 15% 3,30 0 QoQ 1% 2,80 0 2,399 481 417 418 423 2,30 0 367 1,80 0 1,30 0 800 300 -2 00 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25
Slide 13: Financial KPIs trends
Financial KPIs trends PARTICULARS (INR Mn) FY'23 FY'24 FY'25 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Gross bookings 67,372 75,884 70,733 16,509 17,609 17,951 18,663 18,038 Air Ticketing 56,408 64,950 55,273 13,520 13,260 13,828 14,664 14,103 Hotel & Package 8,153 8,740 13,053 2,399 3,662 3,603 3,390 3,433 Oth
Slide 14: Q1-FY26 Operational Highlights
Q1-FY26 Operational Highlights • Revenue from operations grew by 108% YoY to INR 2,098 million in Q1 FY’26, with continued momentum across key segments, including growth in Hotels and Packages business and contribution from the MICE segment. • Revenue less Service Costs (RLSC) (Gross Margin) grew 44
Slide 15: Tech Updates
Tech Updates Branded Fares Chatbot RECAP Unique airline specific fare options with ancillary services • Offers comprehensive travel management • Expense Management Solution delivering end-to-end such as baggage allowance, seat selection and change • Supports voice instructions and over 200 travel an
Slide 16: Sales and Marketing Updates
Sales and Marketing Updates Owned Media + Social Content Marketing Innovative Brand Collabs Always On Offer Amplification Content Marketing for for Bank & Airlines Partner offers across Digital channels : Brand Reach & Engagement Owned Media + Social Investor Presentation 15
Slide 17: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY26 Q1-FY25 Y-o-Y Q4-FY25 Q-o-Q Revenue from Operations (A) 2,098 1,008 108% 2,190 (4)% Revenue less service cost (B) 1,156 804 44% 1,094 6% Other Income* (C) 11 19 (43)% 61 (82)% Operating Expenses* (D) 918 718 28% 904 2% Adjuste
Slide 18: Consolidated Historical Income Statement
Consolidated Historical Income Statement Particulars (INR Mn) FY23 FY24 FY25 Revenue from Operations (A) 3,802 4,223 7,914 Revenue less service cost (B) 3,157 3,359 3,875 Other Income* (C) 145 102 114 Operating Expenses* (D) 2,632 2,928 3,322 Adjusted EBITDA (E=B+C-D) 670 534 667 Adjusted EBITDA Mar
Slide 19: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY23 FY24 FY25 Particulars (INR Mn) FY23 FY24 FY25 Assets Equity and Liabilities 1. Non Current Assets 1,753 2,022 3,641 1. Equity 1,695 7,475 7,838 Property, Plant and Equipment's 46 74 137 Equity Share Capital 115 157 157 Right-of-use Assets 201 160 18
Slide 20: Historical Cash flow
Historical Cash flow Particulars (INR Mn) FY23 FY24 FY25 Profit Before Tax 122 (13) 351 Non Cash and Non operating 245 42 121 Cash flow from operations before working capital 367 29 473 Deployment in Working Capital* (1,898) (1,453) (400) Cash flow from/(used in) operations (1,531) (1,424) 73 Acquis
Slide 21: Annual Key Performance Metrics
Annual Key Performance Metrics Gross Margins (Revenue Less Service Cost) (INR Gross Bookings (INR Mn) Air Passenger Volumes (‘000) Hotel Room Nights (‘000) Mn) & Gross Margins (%) YoY (7)% 75,884 YoY 15% YoY (24)% YoY (2)% 70,733 67,373 6,945 5,601 5,269 3,875 3,157 3,359 5.48% 1,753 1,692 1,663 4.6
Slide 22: Consolidated Historical Financial Performance
Consolidated Historical Financial Performance Revenues (INR Mn) EBITDA (INR Mn) and EBITDA Margins (%) PAT (INR Mn) and PAT Margins (%) 7,914 1,000 25% 25% 900 800 20% 20% 700 558 600 512 15% 15% 4,223 3,802 366 500 400 13% 10% 10% 273 300 9% 200 5% 100 5% 6% 7% 100 3% 9 - 0% 0% 0% FY23 FY24 FY25 FY
Slide 23: Capital Market Data
Capital Market Data Stock Performance (Up to 30th June, 2025) 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0% -60.0%Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Yatra.com Sensex Shareholding Pattern as on 30th June, 2025 Price Data (As on 30th June, 2
Slide 24: Scheme of Amalgamation
Scheme of Amalgamation • On August 12, 2024, the Board of Directors of Yatra Online Limited (“Subsidiary company”), approved a Composite Scheme of Amalgamation (“Scheme”) involving the Subsidiary company (the “Amalgamated Company”) and its five wholly-owned subsidiaries i.e. Travel.Co.In Private Lim
Slide 25: Glossary
Glossary Term Description Term Description Gross booking revenue is defined as the total amount paid by customers for travel Gross Booking B2B Business to Business services and products booked through the OTAs including taxes, fees and other Revenue charges, and is net of cancellations, discounts an
Slide 26: Disclaimer
Disclaimer Yatra Online Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in al
Slide 27: Thank You
Thank You