Yatra Online Limited, originally incorporated as 'Yatra Online Private Limited' on December 28, 2005, at Mumbai, officially became a Public Company with a name change to 'Yatra Online Limited' on November 11, 2021. Yatra stands as India's largest corporate travel services provider based on the number of corporate clients, and it is the 3rd largest online travel company in India by gross booking and operating revenue.
The company operates a comprehensive online travel services platform, connecting travelers with a diverse range of booking services. It specializes in providing reservation and booking services for transport, travel, tours, and tourism, along with developing customized solutions for all types of travelers in India and abroad. These services are accessible through its website (www.yatra.com), mobile applications, call-centers, and retail lounges.
The Company operates primarily through three core segments: Air Ticketing, Hotels and Packages, and Other Services. The Air Ticketing segment encompasses the sale of airline tickets, including those sold as part of holiday packages. Yatra boasts the largest number of hotel listings as of FY24.
Strategically, the company serves both business-to-business (B2B) and business-to-consumer (B2C) markets, with a significant emphasis and strength in corporate travel services. This strategic transition towards corporate travel, which now constitutes 65% of gross bookings, is expected to enhance margins and profitability, despite ongoing competitive pressures and fluctuations in customer acquisition costs. This shift represents a key focus for the company, moving towards more stable corporate clientele.
The company has demonstrated strong financial performance in recent quarters, reflecting resilience and growth.
• Market Capitalization: ₹1,344.61 Crore (as of Jul 02, 2025 02:14 PM)
• PE Ratio: 36.68 (as of Jul 02, 2025 02:14 PM)
• PB Ratio: 0.59 (as of Jul 02, 2025 02:14 PM)
• 52-Week High: ₹156.80
• 52-Week Low: ₹65.51
For the fiscal year 2025, the company reported a revenue of INR 7,957.3 million (USD 93.1 million), marking a substantial growth of 89.9% year-over-year (YoY). The profit for the period stood at INR 23.9 million (USD 0.3 million), a significant turnaround from a loss of INR 366.5 million (USD 4.3 million) for the year ended March 31, 2024, reflecting an increase in profit by INR 390.4 million (USD 4.6 million) YoY.
In the quarter ended March 2025, Yatra Online's net profit surged by 172.76% to Rs 15.22 crore, compared to Rs 5.58 crore in the previous quarter ended March 2024. Sales also saw a robust increase of 103.37% to Rs 218.97 crore in the quarter ended March 2025, up from Rs 107.67 crore in the quarter ended March 2024.
The Meetings, Incentives, Conferences, and Exhibitions (MICE) business has emerged as a standout performer for Yatra, achieving significant revenue growth and margin expansion in the fourth quarter, building on a strong foundation throughout fiscal year 2025. By leveraging expanded capabilities and the expertise gained from Globe Travels, Yatra has captured a larger share of this high-margin segment, solidifying its position as a dominant player in India's MICE market.
The company has been actively pursuing strategic acquisitions to strengthen its market position and expand its offerings. Revenue for the three months ended March 31, 2025, reached INR 2,192.5 million (USD 25.7 million), an increase of 114.0% YoY. This growth was primarily driven by the expansion of the MICE business and the inorganic contribution from the Globe Travels acquisition. Additionally, Yatra has been expanding its adventure tourism portfolio through strategic investments.
Yatra Online commenced its operations with the launch of its 'www.yatra.com' website in 2006. Over the years, the company has achieved several significant milestones, including:
• 2010: Launched India's first 'online ticket cancellation' service.
• 2013: Expanded into corporate travel services.
• 2017: Acquired shares of Yatra For Business Private Limited, making it a 100% subsidiary.
Yatra Online Ltd's main management includes Murlidhara Lakshmikantha Kadaba as Chairman and Darpan Batra as the Company Secretary. The auditor for Yatra Online Ltd is S R Batliboi & Associates LLP. The company is committed to maintaining strong governance practices and adhering to regulatory compliance across all its operations.
With a strong market position, particularly in corporate travel, and a commitment to leveraging SaaS and fintech opportunities, Yatra Online is well-positioned for sustained growth and resilience within the dynamic travel landscape. The company's target price is ₹130.2, indicating a potential upside of 36.04% compared to its current price of ₹96.9. Yatra continues to focus on strengthening its corporate travel services while actively exploring new growth opportunities in the evolving travel market.
