Yatra Online Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,163 Cr
- P/E
- 33.80
- ROE
- 6.23%
- PEG
- 0.37
- Price to sales
- 1.19
- Debt to equity
- 0.12
- 52W high / low
- ₹191 / ₹74.1
- Sales growth (5Y)
- 51.66%
- EBITDA margin
- 7.08%
- Net profit margin
- 4.99%
- Promoter holding
- 62.66%
- Sales (last year)
- ₹985 Cr
Incorporated in 2006, Yatra Online Ltd is an online travel and hospitality company.[1]
Guidance scorecard · Q1 FY27 call
What Yatra Online Ltd's management guided
and where it ranks in Leisure Services
Leisure Services
RevenueQ1 FY27 call
10–20%- 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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MarginsQ1 FY27 call
Up 2%+See what Yatra Online Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- 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.
- Current investments in technology infrastructure include hosting platforms like GCP cloud, and hiring/training staff for new projects such as Kanoo.
2 more points from Yatra Online Ltd's call on capex
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FundraisingQ1 FY27 call
See what Yatra Online Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- 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 the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of Yatra Online Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Yatra Online Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 119.14 | 110.18 | 94.13 | 110.34 | 107.67 | 100.81 | 236.40 | 235.26 | 218.97 | 209.81 | 350.87 | 256.82 | 189.01 |
| Expenses + | 100.54 | 94.20 | 102.61 | 106.72 | 104.08 | 96.22 | 227.20 | 221.69 | 201.89 | 186.73 | 326.99 | 234.31 | 178.13 |
| Operating Profit | 18.60 | 15.98 | -8.48 | 3.62 | 3.59 | 4.59 | 9.20 | 13.57 | 17.08 | 23.08 | 23.88 | 22.51 | 10.88 |
| OPM % | 15.61% | 14.50% | -9.01% | 3.28% | 3.33% | 4.55% | 3.89% | 5.77% | 7.80% | 11.00% | 6.81% | 8.76% | 5.76% |
| Other Income + | 3.46 | 2.46 | 3.23 | 8.86 | 11.40 | 8.29 | 7.90 | 6.05 | 9.59 | 5.59 | 5.05 | 0.99 | 10.36 |
| Interest | 7.83 | 6.28 | 6.17 | 5.58 | 4.25 | 2.44 | 2.37 | 2.16 | 3.27 | 2.44 | 2.17 | 3.55 | 4.39 |
| Depreciation | 3.75 | 4.83 | 4.81 | 4.70 | 5.35 | 6.10 | 7.38 | 7.38 | 10.03 | 9.15 | 9.87 | 10.94 | 11.19 |
| Profit before tax | 10.48 | 7.33 | -16.23 | 2.20 | 5.39 | 4.34 | 7.35 | 10.08 | 13.37 | 17.08 | 16.89 | 9.01 | 5.66 |
| Tax % | 14.50% | 18.28% | 5.55% | 52.27% | -3.34% | 6.91% | 0.68% | 0.69% | -13.84% | 6.38% | 15.45% | 7.44% | -44.88% |
| Net Profit + | 8.97 | 5.99 | -17.13 | 1.06 | 5.58 | 4.04 | 7.30 | 10.01 | 15.22 | 16.00 | 14.28 | 8.34 | 8.20 |
| EPS in Rs | 0.78 | 0.52 | -1.09 | 0.07 | 0.36 | 0.26 | 0.47 | 0.64 | 0.97 | 1.02 | 0.91 | 0.53 | 0.52 |
Financials of Yatra Online Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 845 | 673 | 125 | 198 | 380 | 422 | 791 | 1,007 |
| Expenses + | 1,004 | 628 | 148 | 207 | 344 | 408 | 747 | 926 |
| Operating Profit | -160 | 46 | -23 | -9 | 37 | 15 | 44 | 80 |
| OPM % | -19% | 7% | -18% | -4% | 10% | 3% | 6% | 8% |
| Other Income + | 30 | -31 | -27 | 18 | 17 | 26 | 32 | 22 |
| Interest | 16 | 18 | 10 | 10 | 23 | 22 | 10 | 13 |
| Depreciation | 62 | 62 | 52 | 28 | 18 | 20 | 31 | 41 |
| Profit before tax | -207 | -66 | -112 | -29 | 12 | -1 | 35 | 49 |
| Tax % | 3% | 6% | 6% | 5% | 37% | 247% | -4% | 4% |
| Net Profit + | -212 | -70 | -119 | -31 | 8 | -5 | 37 | 47 |
| EPS in Rs | -207.75 | -65.76 | -107.17 | -2.75 | 0.67 | -0.29 | 2.33 | 2.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Yatra Online Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 11 | 11 | 11 | 11 | 16 | 16 | 16 |
| Reserves | 224 | 202 | 112 | 90 | 158 | 732 | 768 | 815 |
| Borrowings + | 116 | 151 | 61 | 63 | 178 | 85 | 78 | 103 |
| Other Liabilities + | 854 | 511 | 376 | 383 | 333 | 384 | 459 | 403 |
| Total Liabilities | 1,204 | 874 | 561 | 547 | 681 | 1,217 | 1,321 | 1,336 |
| Fixed Assets + | 285 | 236 | 146 | 112 | 115 | 123 | 273 | 304 |
| CWIP | 8 | 3 | 2 | 4 | 4 | 8 | 10 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 911 | 636 | 413 | 431 | 562 | 1,086 | 1,038 | 1,032 |
| Total Assets | 1,204 | 874 | 561 | 547 | 681 | 1,217 | 1,321 | 1,336 |
Financials of Yatra Online Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -409 | -43 | 104 | -83 | -153 | -142 | -89 | 76 |
| Cash from Investing Activity + | -64 | 13 | -21 | -8 | -14 | -231 | 100 | -45 |
| Cash from Financing Activity + | 358 | 32 | 6 | 20 | 138 | 466 | -102 | -54 |
| Net Cash Flow | -115 | 2 | 90 | -71 | -29 | 93 | -91 | -23 |
| Free Cash Flow | -450 | -60 | 97 | -93 | -168 | -169 | -117 | 31 |
| CFO/OP | 242% | -85% | -355% | 973% | -383% | -903% | -205% | 103% |
Financials of Yatra Online Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 208 | 133 | 284 | 358 | 276 | 389 | 251 | 194 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 208 | 133 | 284 | 358 | 276 | 389 | 251 | 194 |
| Working Capital Days | -104 | -84 | -335 | -279 | -57 | 153 | 167 | 146 |
| ROCE % | 1% | -21% | -7% | 14% | 4% | 5% | 7% |
Guidance history
How Yatra Online Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | — | — | Rising |
| Q2 FY26 call → | 20–40% | Up 2%+ | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
3 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −50.6% | 4% |
| Last 6 months | −29.8% | 8% |
| Last 3 months | −30.2% | 3% |
The price is 61.3% below its all-time high of ₹191.34 (13 Nov 2025). Stocks more than 20% below their peak have their score halved, so 6 became 3.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Yatra Online Ltd: 0.4 × 4 + 0.4 × 8 + 0.2 × 3 = 6, halved to 3 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Yatra Online Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 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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