Yatra Online Limited, the corporate travel services provider announces its results for the third quarter of the financial year 2024-25.
Q3-FY25 Consolidated Financial Performance:
- Revenue: INR 2,353 Mn
- YoY Growth: 113%
- EBITDA: INR 146 Mn
- YoY Growth: 207%
- EBITDA Margin: 14%
- PAT: INR 100 Mn
- YoY Growth: 845%
Q3-FY25 Business Highlights:
- Revenue from operations grew by 113% YoY to INR 2,353 million, with continued momentum across key segments, including for a large part the Hotels and Packages business (up 66% YoY) and contribution from the MICE segment. The results for the quarter also include contribution from Globe All India Services Limited (GAISL), which was acquired on September 11, 2024.
- Revenue less Service Costs (RLSC) (Gross Margin) grew 25% YoY to INR 1,041 million, demonstrating the strength of the diversified business model.
- Adjusted EBITDA surged 75% YoY to INR 175 million, reflecting disciplined focus on profitable growth and cost optimization. As a result of these factors, profit was up 845% YoY to INR 100 million.
- Yatra closed a record 50 new corporate accounts during the quarter with a billing potential of INR 2,804 million, strengthening its leadership in the corporate travel domain.
- Yatra’s cash and cash equivalents and term deposits stand at INR 1,828 million as of December 31, 2024. The company has paid INR 245 million in debt during the quarter, and gross debt stands at INR 32.5 million as of December 31, 2024.
Management Comments:
Commenting on the results, Whole Time Director cum Chief Executive Officer, Dhruv Shringi stated:
“We are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our corporate travel business continued to be a key growth driver. Our ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalization, supply-side synergies, and enhanced margin sustainability.
Furthermore, our success in onboarding 50 new corporate clients—a quarterly record—has strengthened our leadership in the corporate travel domain. Following our successful acquisition of Globe All India Services Limited, the integration efforts are progressing ahead of schedule, and we are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption.
By leveraging Yatra’s tech platform within GAISL’s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning. Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders.”
