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Writer's pictureCA Vishnu Agarwal

Yatra Online Ltd. Q4FY24 and FY24 Results:


Yatra Online, a leading online travel services company in India, announced its financial results for the quarter and fiscal year ending March 31, 2024.


Q4FY24 Financial Highlights:


  • Revenue: ₹1,077 million (YoY: -10%)

  • EBITDA: ₹108 million (YoY: -48%)

  • EBITDA Margin: 13%

  • Net Profit: ₹56 million (YoY: -38%)

  • Gross Bookings: increased by 12% YoY


FY24 Financial Highlights:


  • Revenue: ₹4,223 million (YoY Growth: 11%)

  • EBITDA: ₹273 million (YoY: -47%)

  • EBITDA Margin: 8%

  • Net Profit: ₹(45) million (YoY: -159%)


Management Commentary:


Dhruv Shringi, Whole Time Director & Chief Executive Officer, highlighted that Yatra's Gross Bookings increased by 12% YoY in Q4FY24, driven by a 13.5% growth in Air Gross Bookings. The growth was primarily fueled by a rebound in international travel during the seasonally weakest quarter. The company also secured 25 new corporate customer accounts with significant annual billing potential.


Key Takeaways:

  • Despite a decline in revenue and profitability in Q4FY24, Yatra witnessed a significant increase in Gross Bookings, driven by a rebound in international travel and strong growth in Air Gross Bookings.

  • The company experienced substantial growth in FY24 revenue, indicating a positive trend for the overall fiscal year.

  • Yatra secured new corporate accounts, demonstrating its ability to attract and retain valuable clients.


For a more comprehensive analysis and additional insights, you can refer to the following resources:


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