Yatra’s EBITDA margin for the quarter was 14 pc
In a significant move to strengthen its market position, Yatra travel services provider, reported substantial growth for Q3 FY25. The company’s revenue reached INR 2,353 million, marking a 113 pc increase year-on-year, driven by strong performance across key business segments and continued momentum in the corporate travel sector.
In a press statement Yatra says that the Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) surged by 207 pc to INR 146 million, while net profit skyrocketed by 845 pc to INR 100 million.
It adds that Yatra’s EBITDA margin for the quarter was 14 pc, with adjusted EBITDA up 75 pc, amounting to INR 175 million.
It adds that these results reflect strong performance across key business segments and continued momentum in the corporate travel space.
Yatra says that the growth was driven primarily by the hotels and packages business, which grew by 66 pc YoY, as well as contributions from the MICE segment.
It adds that the acquisition of Globe All India Services Limited (GAISL) in September 2024 also bolstered the company’s performance.
Dhruv Shringi
The statement adds that the company added 50 new corporate accounts with a combined potential billing of INR 2,804 million, solidifying its leadership in the corporate travel domain.
It adds that as of December 31, 2024, Yatra’s cash and cash equivalents stood at INR 1,828 million, and the company reduced its gross debt to INR 32.5 million after repaying INR 245 million during the quarter.
“We are pleased to report a strong quarter, delivering revenue growth and continued momentum across key segments. Our corporate travel business continued to be a key growth driver. Our ongoing emphasis on operational efficiency has yielded tangible results, including improved cost rationalisation, supply-side synergies and enhanced margin sustainability. Furthermore, our success in onboarding 50 new corporate clients a quarterly record has strengthened our leadership in the corporate travel domain. Following our successful acquisition of Globe All India Services Limited, the integration efforts are progressing ahead of schedule, and we are already seeing early synergies, particularly in supplier consolidation, operational streamlining, and technology adoption. By leveraging Yatra’s tech platform within GAISL’s customer base, we expect to unlock further efficiencies, drive incremental revenue, and enhance our long-term competitive positioning. Looking ahead, we remain excited about the opportunities before us. With record corporate client acquisitions, continued expansion in MICE, and disciplined execution of our strategic priorities, we are confident in our ability to reinforce our market leadership and drive sustainable value for all stakeholders,” says Dhruv Shringi, Time Director cum Chief Executive Officer.
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