Yatra Online, Inc. (YTRA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yatra's Fiscal First Quarter 2026 Financial Results Call. For the period ended June 30th, 2025, today's call is hosted by Yatra's CEO and co-founder Dhruv Sringi and CFO Anu Sethi. The following discussion includes responses to your questions, reflects the management's views as of today, August 11th, 2025, the company does not take any obligation to update or revise the information. Before they begin their formal remarks, please be reminded that certain statements made on this call may constitute forward-looking statements which are based on Yatra's management, current expectations and beliefs are subject to several risks and uncertainties that could cause actual results to differ materially. For a description of these risks, please refer to Yatra's filings with the SEC and their press release filed earlier this morning on the IR section of Yatra's website. With that, let me turn the call over to Yatra's CEO and co-founder Dhruv Sringi. Dhruv, please go ahead. Thank you and good morning, everyone. Thank you for joining us to discuss our first quarter fiscal year 2026 earnings. I'm pleased to share that our first quarter performance delivered strong financial and operational results with growth well ahead of our annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. This momentum was driven by sustained demand in business travel and strong execution across our platforms. For Q1 SI26, we are pleased to report revenue of INR 2.098 billion, which is approximately USD 24.5 million, up 99.7% year over year, and revenue less service cost or gross margin for the quarter of INR 1.15 billion or 13.5 million US dollars, up 36.6% year over year. Our growth in revenue and gross margins reflects...