Yatra Online, Inc. Announces Results for the Three Months and Year Ended March 31, 2026

Yatra Online, Inc., India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months and year ended March 31, 2026.

Fourth Quarter (ended March 31, 2026)
- Revenue: ₹1,890.2 million (USD 20.1M), down 13.7% YoY due to weakness in Hotels & Packages from Middle East disruptions.
- Air Ticketing Adjusted Margin: ₹1,178.3 million (USD 12.6M), up 27.3% YoY.
- Hotels & Packages Adjusted Margin: ₹365.2 million (USD 3.9M), up 2.2% YoY.
- Gross Bookings: ₹20,211.2 million (USD 215.4M), up 8% YoY.
- Net Loss: ₹145.5 million (USD 1.6M), compared to a ₹15.2M loss last year.
- Adjusted EBITDA: ₹45.9 million (USD 0.5M), down 49% YoY.

Full Year (ended March 31, 2026)
- Revenue: ₹10,074.0 million (USD 107.4M), up 26.6% YoY.
- Air Ticketing Adjusted Margin: ₹4,372.7 million (USD 46.6M), up 21.9% YoY.
- Hotels & Packages Adjusted Margin: ₹1,761.9 million (USD 18.8M), up 19.6% YoY.
- Gross Bookings: ₹80,535.8 million (USD 858.3M), up 13.6% YoY.
- Net Loss: ₹66.0 million (USD 0.7M), versus a profit of ₹23.5M last year.
- Adjusted EBITDA: ₹563.8 million (USD 6.0M), up 64.2% YoY.

Key Takeaways
- Strong growth in Air Ticketing and Hotels, despite turbulence in aviation and Middle East conflicts.
- Corporate Travel remains a growth pillar, with 55 new clients added in Q4.
- MICE (Group Travel) faced headwinds due to safety concerns and cancellations.
- Company is focusing on AI-driven efficiencies, scaling high-margin hotel business, and exploring restructuring alternatives.

This paints a picture of resilience: despite geopolitical and aviation disruptions, Yatra grew its core segments and improved full-year margins, though profitability was hit by external shocks.