Yatra Online Ltd
Yatra Online Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Yatra expects overall gross margin (revenue less service cost) growth of 20% for FY '26. Adjusted EBITDA has shown strong growth over the last four quarters, rising from INR10.4 crores in Q1 to INR25 crores in Q4, indicating accelerating profitability.
From Yatra Online Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Yatra expects overall gross margin (revenue less service cost) growth of 20% for FY '26.
- EBITDA growth guidance is set at 30% for FY '26.
- Air travel volume growth is projected around 15%, driven by corporate bookings.
- Hotel and packages, including MICE, are expected to grow at over 25%.
- Corporate and B2B business is forecasted to constitute 65%-70% of overall gross bookings.
- The company aims for a 3-4 year goal of increasing income from SaaS and expense management solutions to about one-third of total income.
- Long-term strategy targets a 50-50 revenue mix between air travel and hotels/packages within 3 years.
- Yatra is focusing on profitable growth, leveraging cross-sell opportunities and operational efficiencies.
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Profitability & Margins
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Capital Expenditure Plans
- Yatra Online Limited is making ongoing strategic investments to support growth, particularly in proprietary technology platforms, including AI-powered personalization and booking tools, aimed at enhancing customer experience and operational efficiency.
- The company is investing in automation through intelligent bots for customer service to reduce servicing costs.
- There is a focus on scaling the corporate travel and MICE segments, as well as integrating cross-synergies from their Globe acquisition.
- They are progressing with the development and monetization of SaaS and fintech solutions, such as expense management and co-branded credit cards for corporate clients, which involve operational investments.
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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
- The order backlog currently has a higher share of hotel bookings within corporate deals.
- Cross-sell opportunities on hotels are large, with more corporate clients moving to managed hotel programs due to rising hotel prices.
- Hotels in corporate bookings are growing at about 25%+, while air bookings are expected to grow around 15%.
- Corporate and B2B business now accounts for approximately 65-70% of overall gross bookings.
- The MICE segment experiences seasonality with peaks in Q2 and Q3, affecting orderbook timing.
- The company is targeting a more balanced business mix: aiming for a 50-50 split between air and hotels/packages in the next 3 years.
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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.
Full financials →Continue your research
What Yatra Online Ltd's management said in earlier quarters
- Q1 FY27 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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Frequently Asked Questions
What were Yatra Online Ltd Q4 FY25 results?
Yatra expects overall gross margin (revenue less service cost) growth of 20% for FY '26. Adjusted EBITDA has shown strong growth over the last four quarters, rising from INR10.4 crores in Q1 to INR25 crores in Q4, indicating accelerating profitability.
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?
Yatra Online Limited is making ongoing strategic investments to support growth, particularly in proprietary technology platforms, including AI-powered personalization and booking tools, aimed at enhancing customer experience and operational efficiency.
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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.