Yatra Online announces its results for the fourth quarter of financial year 2024-25.
*Note: Largest in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. (Source: CRISIL Report)
Q4-FY25 Consolidated Financial Performance
| Metric | Q4-FY25 | YoY Growth |
|---|---|---|
| Revenue | INR 2,190 Mn | 103% |
| EBITDA | INR 232 Mn | 114% |
| EBITDA Margin | 21% | — |
| Net Profit | INR 152 Mn | 173% |
FY25 Consolidated Financial Performance
| Metric | FY25 | YoY Growth |
|---|---|---|
| Revenue | INR 7,914 Mn | 87% |
| EBITDA | INR 558 Mn | 105% |
| EBITDA Margin | 14% | — |
| Net Profit | INR 366 Mn | 912% |
Q4-FY25 Business Highlights
- Yatra delivered a growth of 103% YoY in revenue of INR 2,190 Mn for Q4-FY25, driven by continued momentum across key segments, including for a large part the Hotels and Packages business as well as the MICE business, and the inorganic contribution from the Globe Travels acquisition. FY25 Revenues grew by 87% YoY to INR 7,914 Mn.
- Revenue less Service Costs (Gross Margin) grew 28% YoY to INR 1,094 Mn in Q4-FY25 demonstrating the strength of our diversified business model, and full year gross margin increased by 15% YoY to INR 3,875 Mn in FY25.
- Adjusted EBITDA surged 62% YoY to INR 251 Mn in Q4-FY25, reflecting our disciplined focus on profitable growth and cost optimization and full year Adjusted EBITDA increased by 25% YoY to INR 667 Mn in FY25.
- EBITDA (Adjusted EBITDA – ESOP Cost) grew by 114% YoY to INR 232 Mn in Q4-FY25, and by 105% YoY to INR 558 Mn in FY25.
- Net Profit grew by 173% to INR 152 Mn in Q4-FY25, which was the highest quarterly reported PAT in Yatra’s history. FY25 Net Profit grew by 912% YoY to INR 366 Mn.
- Yatra’s cash, cash equivalents and term deposit stands at INR 1,906 Mn as on 31st March 2025, while gross debt reduced from INR 638 Mn as on 31st March 2024 to 546 million as on 31st March 2025.
- Yatra continued to expand its corporate client base and closed 35 new corporate accounts during the quarter with potential annual billing of INR 1,430 Million.
Management Comments
Commenting on the results, Whole Time Director cum Chief Executive Officer, Dhruv Shringi stated: “We ended fiscal year 2025 on a strong note, driven by the growth in our MICE business and the inorganic contribution from the Globe Travels acquisition. Our strong full-year revenue growth reflects the momentum we’ve built across our Corporate Travel and MICE businesses, which have been pivotal in navigating a competitive landscape. Notably, our profitability metrics underscore our disciplined execution: EBITDA for the full year grew 105% YoY, reflecting our ability to optimize costs and capitalize on high-growth opportunities.”
“As we look ahead to fiscal 2026, we are encouraged by the momentum across our business. Strong corporate client acquisition, continued growth in our MICE segment, and ongoing investment in our proprietary technology platform including AI-powered personalization and booking tools position us well for the next phase of growth. We are introducing preliminary guidance for FY26, projecting approximately 20% growth in Revenue Less Service Costs (RLSC) and 30% year-over-year growth in Adjusted EBITDA, driven by three pillars: expansion in corporate travel, continued scaling of MICE and Hotels and Packages, and full cost synergies from Globe Travels. We remain focused on advancing our strategic priorities: scaling high-margin verticals, deepening our technology edge, and creating sustainable long-term value for our stakeholders.”
