Yatra’s Q1 Profit Crashes 98% YoY To ₹34 Lakhs

retained text

Online travel aggregator (OTA) Yatra’s consolidated net profit crashed 97.9% to ₹34 Lakhs in the first quarter (Q1) of the fiscal year 2026-27 (FY27) from nearly ₹16 Cr in the year ago quarter. On a sequential basis, profit after tax (PAT) tanked 95.9% from ₹8.2 Cr in the Q4 FY26. The bottom line was impacted as the company’s revenue from operations declined nearly 10.4% to ₹187.9 Cr during the quarter under review from ₹209.8 Cr in Q1 FY26. Quarter-on-quarter (QoQ), the travel tech platform’s top line also fell a marginal 0.06% from ₹189 Cr in the preceding quarter. The OTA attributed the dent in profitability to geopolitical disruptions, heightened competition in the air booking segment and lower MICE (meetings, incentives, conferences and exhibitions) volumes. “Profitability during the quarter was impacted by heightened competitive intensity in air and geopolitical disruptions that affected higher-margin international MICE volumes. Encouragingly, the MICE pipeline entering Q2 is significantly stronger, with an improved margin profile, providing greater visibility as we progress through the year,” said Yatra CEO Siddhartha Gupta. Including other income of ₹4.1 Cr, Yatra’s total income for the period stood at ₹192 Cr in Q1 FY27. Meanwhile, total expenses for the quarter stood at ₹191.3 Cr, down 3.6% from ₹198.3 Cr during the same period last fiscal. Revenue less service cost (RLSC), which is essentially the gross margin, rose a mere 6.1% YoY to ₹122.7 Cr in Q1 FY27. However, EBITDA declined 45.6% YoY to ₹13.2 Cr as the conflict in the Middle East hit international MICE margins and airline-related income. EBITDA margin, as per the company, stood at 10.7% during the quarter under review. The company’s gross bookings grew 16.5% YoY to ₹2,100.7 Cr in Q1 FY27. In a statement, the OTA said that air and hotels and packages (H&P) transactions cumulatively rose 12.2% YoY during the quarter, while air passengers volume grew 4.8% YoY. The travel tech platform also said that room nights grew nearly 30% YoY on the back of continued expansion and strengthening of hotel supply. Yatra did not disclose absolute numbers. During the quarter, Yatra added 53 new corporate customers with an estimated annual revenue potential of ₹222.3 Cr. Overall, the B2B vertical catered to The customer base of its AI-powered expense management platform, RECAP, also crossed the 20 mark during the quarter. “We entered FY27 with good momentum, and Q1 demonstrated the underlying resilience of our business despite a challenging geopolitical and competitive environment… In Air, passenger growth outpaced the broader industry, supporting further market share gains, while our standalone hotels businesses maintained strong growth momentum,” added Gupta. Shares of Yatra closed Wednesday’s trading session 3.5% higher at ₹118.3 on the BSE.

document fetched 2026-08-13 07:24 · canonical https://inc42.com/buzz/yatras-q1-profit-crashes-98-yoy-to-%e2%82%b934-lakhs