Yatra Online, Inc. (YTRA) Earnings Call Transcripts
Yatra Online, Inc.'s Latest Earnings Call - Q4 FY2026
In the fiscal fourth quarter and full year 2026, Yatra Online, Inc. reported a revenue increase of 27% year-over-year to INR 10,074 million (approximately $107 million), marking its most profitable year in history. Adjusted EBITDA surged 64% to INR 564 million (approximately $6 million). Despite a challenging macroeconomic environment, management maintained a positive outlook, projecting a medium-term revenue growth CAGR of 20% and adjusted EBITDA growth of 30%. The Q4 results were impacted by geopolitical tensions, particularly affecting MICE and international travel segments, but core air and hotel businesses showed resilience.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $107 million (beat) |
| Adjusted EBITDA | $6 million (beat) |
| Gross Margin | $12 million (inline) |
| Air Passenger Volumes | 5,395,000 (positive) |
| Corporate Clients Added | 163 (positive) |
| Room Nights | 1,936,000 (positive) |
Guidance from management
Management maintained a medium-term growth outlook of 20% CAGR for revenue less service costs and 30% for adjusted EBITDA, expecting recovery momentum to strengthen in the second half of FY '27.
What analysts pressed on
Analysts expressed concerns over the impact of geopolitical tensions on MICE and international travel segments, questioning the sustainability of growth amid such disruptions. There were also inquiries about the timeline for recovery in these segments and the potential for deferred bookings to materialize.
Main topics on the call
- Record Profitability — Yatra achieved its most profitable year in its 20-year history, with adjusted EBITDA growing 64% year-over-year. Management stated, "This strong performance is a testament to the resilience of our business model."
- Corporate Customer Growth — The company added 163 new corporate customers in FY '26, with an annual billable value of approximately INR 9,568 million ($102 million), up from 148 customers in FY '25. This highlights the strength of Yatra's enterpris...
- Impact of Geopolitical Tensions — Management noted that the ongoing conflict affected MICE and international travel bookings, with several being canceled or deferred into FY '27. They emphasized that this is a short-term blip, stating, "The current macro...
- Strong Air and Hotel Segment Performance — Despite challenges, gross bookings grew 8% year-over-year, with air passenger volumes up 9.6%, reflecting market share gains. The hotels segment saw room nights grow 36%, showcasing strong demand.
Read the full Yatra Online, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Yatra Online, Inc.
Yatra Online, Inc. (YTRA) is a publicly listed company in the Hotels, Restaurants and Leisure industry, within the Consumer Discretionary sector. It trades on NasdaqCM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning June 9, 2020 to August 13, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Yatra Online, Inc. earnings call transcripts on record, spanning June 9, 2020 to August 13, 2026. Based on this history, Yatra Online, Inc. reports quarterly. 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
- YTRA
- Exchange
- NasdaqCM
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants and Leisure
- Calls on record
- 26
- First call
- June 9, 2020
- Most recent
- August 13, 2026
- Reporting cadence
- quarterly