Yatra Online Limited (YATRA) Earnings Call Transcripts

Yatra Online Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Yatra Online Limited reported a 27% year-over-year increase in revenue, reaching INR 10,065 million, marking the most profitable year in its history. Despite geopolitical disruptions impacting Q4 results, management highlighted resilience in corporate travel demand and a significant increase in corporate customer acquisitions. The company maintained its medium-term growth guidance of 20% CAGR for revenue less service costs and 30% for adjusted EBITDA, signaling confidence in recovery and growth potential in FY '27.

Reported metrics

Guidance from management

Management maintained a medium-term growth outlook of 20% CAGR for revenue less service costs and 30% for adjusted EBITDA, indicating confidence in recovery despite short-term disruptions.

What management said

Yes. Hi. Good morning, everyone, and welcome to the Q4 FY '26 Earnings Call for Yatra Online Limited. Please note, certain statements made during this call may be forward-looking in and are subject to risks and uncertainties. Actual results may differ materially. Today, we have with us the management of the company, represented by Mr. Drew Shringi, Executive Chairperson and Whole Time Director and CEO, Mr. Sapa and C...

Sure, Sid. So in FY '24, right, during the time when we were going public, IT services accounted for about 20% of our business. Today, as Sid mentioned, they account for just a shade under 10% of our large corporate business. If you were to factor in the Globe acquisition, if you factor in the MICE business, which are alternative revenue streams that we've built, the share of IT services in our total B2E business tod...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical disruptions on the MICE business and the reliance on corporate clients from the IT services sector, which has been under pressure. There were questions about the sustainability of growth in the face of potential economic downturns affecting corporate travel budgets.

Main topics on the call

• Record Profitability — Yatra achieved its most profitable year in 20 years with FY '26 adjusted EBITDA growing 37.5% year-over-year to INR 917 million, in line with revised guidance. Management stated, "This strong performance is a testament t...
• Corporate Customer Growth — The company added 163 new corporate customers in FY '26, with an annual billable value of approximately INR 9,568 million, up from INR 7,475 million in FY '25. Management noted, "We have demonstrated over the years that ...
• Impact of Geopolitical Disruptions — Management acknowledged that geopolitical conflicts impacted Q4 results, particularly in the MICE and international travel segments, leading to cancellations and deferrals. They stated, "Barring the impact of this, it wa...
• Strong Cash Flow Generation — Yatra's cash flow from operations increased nearly tenfold year-over-year to INR 761 million, reflecting strong operational execution and financial discipline. Management emphasized, "This is particularly notable given F...

Read the full Yatra Online Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Yatra Online Limited earnings call transcripts on record, spanning May 31, 2024 to August 13, 2026. Based on this history, Yatra Online Limited reports semi-annually. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

YATRA

Exchange

NSEI

Country

IN

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

8

First call

May 31, 2024

Most recent

August 13, 2026

Reporting cadence

semi-annually