Yatra Online Ltd
Yatra Online Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expect gross booking growth in the early 20% range over the next 2-3 years. Yatra aims to improve Return on Capital Employed (ROCE) to double digits next year, up from around 7% this year and 4% last year due to high incremental ROCE (~30%) from new corporate customers.
From Yatra Online Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expect gross booking growth in the early 20% range over the next 2-3 years.
- Air segment growth projected between 15%-20%.
- Hotel segment expected to grow above 25%, driving weighted average gross booking growth (~20%).
- Corporate travel (B2E) to continue as key growth driver with sharpened go-to-market including large corporates, SMEs, and elite sales teams targeting new large customers.
- Consumer (B2C) business returning to growth with profitable unit economics, complementing corporate growth.
- MICE segment poised for recovery and growth with margin accretive nature and advances reducing working capital requirements.
- Operating leverage and margin expansion expected, targeting ~1.5% EBITDA margin on gross bookings by FY28 (currently ~1.1%-1.2%).
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Profitability & Margins
See what Yatra Online Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The document does not explicitly mention any specific current or future capex or capital investments by Yatra Online Limited.
- However, there is a focus on strategic technology investments, particularly in AI tools for corporate travel personalization and automation to optimize headcount without adding new employees.
- Investments have been made in backend capabilities to absorb supply from various partners, indicating a push toward expanding supply base, especially for international markets.
- They are also working on product development like expense management solutions and corporate card platform for corporate customers, signaling ongoing strategic investments in product offerings.
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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
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Order Book & Pipeline
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Yatra Online Ltd — Quarterly revenue & net profit
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.
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What Yatra Online Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 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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Frequently Asked Questions
What were Yatra Online Ltd Q3 FY26 results?
Expect gross booking growth in the early 20% range over the next 2-3 years. Yatra aims to improve Return on Capital Employed (ROCE) to double digits next year, up from around 7% this year and 4% last year due to high incremental ROCE (~30%) from new corporate customers.
What is Yatra Online Ltd share price analysis?
Yatra Online Ltd currently shows a neutral. The stock trades at a P/E of 52.0 with a market cap of ₹1,789 Cr. Investors should review the full earnings analysis for detailed insights.
Is Yatra Online Ltd planning capital expenditure?
The document does not explicitly mention any specific current or future capex or capital investments by Yatra Online Limited.
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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.