Yatra Online, Inc. Announces Results for the Three Months Ended June 30, 2024

Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading provider of corporate travel services and one of India’s leading online travel companies, today announced its unaudited financial and operating results for the three months ended June 30, 2024.

“For the three months ended June 30, 2024, we reported revenues of INR 1,050.7 million (USD 12.6 million), representing a decline of 5.0% year-on-year. Adjusted margins on air tickets were impacted by a decline of 20.7% due to lower volumes. The decline was primarily driven by lower volumes in the B2C segment as we optimized discounts amid increasing price competition in the market. Adjusted EBITDA was INR 65.6 million (USD 0.8 million), down from INR 115.4 million in the same period last year, reflecting the impact of lower volumes.