Gurugram/New York: Yatra Online, Inc. (NASDAQ: YTRA), the US-listed parent of NSE- and BSE-listed Yatra Online Limited, on Thursday announced its unaudited IFRS financial and operating results for the three months ended September 30, 2026, the second quarter of its fiscal 2027 (Yatra Q2 FY27).
Gross bookings rose 5.6% year-over-year to INR 2,165.46 crore (USD 226.0 million).
Revenue fell 39.1% to INR 213.6 crore, a decline the company said mainly reflected lower revenue from its MICE (meetings, incentives, conferences and exhibitions) business, which is recognized on a gross basis.
The company reported a loss of INR 22.31 crore (USD 2.3 million) for the quarter, against a profit of INR 9.88 crore a year earlier.
Of the quarterly loss, INR 21.91 crore was attributable to owners of the parent company and INR 0.4 crore to non-controlling interests. Basic loss per share stood at INR 3.42.
Result from operations was a loss of INR 20.76 crore, compared with a profit of INR 10.47 crore, and adjusted EBITDA was a loss of INR 3.22 crore, against a profit of INR 21.2 crore in the year-ago quarter.
Yatra said profitability was affected by higher personnel and operating expenses, including investments in strategic initiatives.
Yatra Q2 FY27: Air Ticketing
Air ticketing gross bookings grew 14.8% year-over-year to INR 1,700.61 crore, and adjusted margin from the segment rose 20.8% to INR 122.75 crore.
Adjusted margin as a percentage of gross bookings improved to 7.2%, from 6.9% a year ago.
The company said better take rates in its consumer and corporate businesses offset a higher share of distribution volumes and competitive promotions.
It said air passenger volumes grew sequentially even as industry domestic air traffic declined about 6% year-over-year and 16% sequentially amid the conflict in the Middle East, elevated fuel prices, higher airfares and airline capacity rationalization.
Yatra booked 1.298 million air passengers in the quarter, down 2.4% year-over-year.
Yatra Q2 FY27: Hotels and Packages
Standalone hotels gross bookings grew about 20% year-over-year. Segment gross bookings, however, declined 21.2% to INR 405.36 crore, which the company attributed to headwinds in its MICE business, where higher travel costs led corporates to defer and resize programs; it said activity improved during the quarter as deferred programs began to be rescheduled.
Adjusted margin from Hotels and Packages fell 25.9% to INR 38.11 crore.
Standalone hotel room nights booked stood at 490,000, down 2.8%, while packages passengers travelled rose 329.2% to 142,000.
Other Services gross bookings rose 7.8% to INR 59.49 crore, while adjusted margin from the segment fell 24.3% to INR 7.19 crore.
“Corporate Travel remains a key growth pillar. We continue to expand our corporate customer base and wallet share, and to broaden our addressable market through Travel Pro for MSMEs, RECAP for expense management, and new technology and global partnerships,” Siddhartha Gupta, Chief Executive Officer, said.
Gupta said the company remains focused on rebuilding MICE as corporate demand recovers, scaling Hotels, strengthening profitability across Air and Hotels and Packages, and using technology, AI and automation to improve customer experience and efficiency, “in pursuit of disciplined, profitable growth.”
Yatra Online, Inc. had 64,064,495 ordinary shares issued and outstanding on an as-converted basis as of September 30, 2026.
Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, whose corporate office is in Gurugram.
According to the company, Yatra India has over 1,340 large corporate customers and approximately 60,750 registered SME customers, and was the second-largest player in the country’s travel management and corporate online travel agency segment by market share in fiscal 2024, citing a Videc report.
The company said it offers about 81,500 hotels and homestays across roughly 1,550 cities and towns in India, along with more than 2.9 million hotels worldwide.
