Yatra Online Ltd
Yatra Online Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #15 of 31 in Leisure Services
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Yatra Online Ltd Q1 FY27 key numbers
- Revenue
- Gross bookings increased 16.5% YoY to INR21,007 million despite macro challenges.
As stated in Yatra Online Ltd's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.
The short version
Yatra expects midterm adjusted EBITDA margins to reach 30%+ driven by operating leverage and corporate business growth. Yatra expects adjusted EBITDA margins to recover to 20%+ in the second half of the year as MICE recovers, air margins stabilize, and corporate travel grows.
From Yatra Online Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Yatra expects midterm adjusted EBITDA margins to reach 30%+ driven by operating leverage and corporate business growth.
- Air passenger volume grew 5% YoY, nearly twice the market growth, signaling continued volume increase.
- Hotel bookings and room nights grew ~13% and ~30% YoY respectively; stand-alone hotel business seeing strong growth (~34% gross bookings growth).
- Gross bookings increased 16.5% YoY to INR21,007 million despite macro challenges.
- Corporate segment added 53 new customers with INR2,223 million annual billable potential, providing healthy pipeline.
- Travel Pro (MSME segment) showing strong growth, with bookings trending 20-30% higher in Q2 and increasing logo acquisitions.
- MICE segment is stabilizing after transformation, with Q2 bookings ~50% higher than Q1.
2 more points from Yatra Online Ltd's call on revenue
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Profitability & Margins
See what Yatra Online Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Yatra is investing in strengthening and scaling its core B2B business, including the Travel Pro platform aimed at MSMEs, with ongoing investments in people, platform, and go-to-market capabilities.
- Continued investments are being made in product and technology for RECAP, their expense management solution, to develop it into a meaningful growth engine.
- Yatra has invested over the last two quarters in making its corporate technology platform global-ready, including product, infrastructure, solutions, and teams, to support international deployment.
- Partnership with Kanoo Travel to expand into the Middle East is a strategic investment, involving building capacity ahead of expected future revenues.
2 more points from Yatra Online Ltd's call on capex
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Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Yatra Online Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The MICE segment experienced a transformation impacting order sizes and margins, shifting from international group travel to domestic group travel.
- This transformation phase concluded by Q1 FY27, and current pipelines are stabilizing with improved margin profiles.
- MICE bookings in Q2 are trending approximately 50% higher than Q1, indicating strong recovery.
- Corporate business remains robust, with 53 new corporate customers added in Q1, representing an expected annual billable potential of INR 2,223 million.
2 more points from Yatra Online Ltd's call on order book
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What the Q1 FY27 call signalled
3 of 4 strong
Yatra Online Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹189 Cr, net profit ₹8 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Yatra Online's management said in earlier quarters
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q2 FY24 earnings call →
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- Juniper Hotels (Q1 FY27)
Q1FY27 Revenue from Operations: ₹249.5 Crores, up 13% YoY from ₹220.7 Crores in Q1FY26. Key concall takeaways from Juniper Hotels Ltd's Q1 FY27 earnings call…
- ITC Hotels (Q1 FY27)
Consolidated Revenue from Operations for Q1 FY27: ₹936 crore, up 15% YoY. Key concall takeaways from ITC Hotels Ltd's Q1 FY27 earnings call — and how it ranks…
- TajGVK Hotels (Q1 FY27)
Reported revenue for Q1 FY27: ₹10,942 lakhs . Key concall takeaways from TajGVK Hotels & Resorts Ltd's Q1 FY27 earnings call — and how it ranks against sector…
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark GlobalGood growth1
- Leela Palaces HotelsGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Yatra Online Ltd Q1 FY27 results?
Yatra expects midterm adjusted EBITDA margins to reach 30%+ driven by operating leverage and corporate business growth. Yatra expects adjusted EBITDA margins to recover to 20%+ in the second half of the year as MICE recovers, air margins stabilize, and corporate travel grows.
What is Yatra Online Ltd share price analysis?
Yatra Online Ltd currently shows a below-average growth signal. The stock trades at a P/E of 43.7 with a market cap of ₹1,504 Cr. Investors should review the full earnings analysis for detailed insights.
Is Yatra Online Ltd planning capital expenditure?
Yatra is investing in strengthening and scaling its core B2B business, including the Travel Pro platform aimed at MSMEs, with ongoing investments in people, platform, and go-to-market capabilities.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.