Yatra Online, Inc. (YTRA) Reports Q1 Revenues Above Consensus

Yatra Online, Inc. (NASDAQ: YTRA) reported Q1 revenue for the quarter came in at $41.48 million versus the consensus estimate of $31.01 million.

"We delivered another quarter of robust growth while also delivering a meaningful reduction in our adjusted EBITDA loss through a combination of efficiency in our consumer promotions and reduction in our operating costs. The integration of Air Travel Bureau Limited ("ATB") continues on track and we are beginning to realize the initial cost synergies, the full impact of which will be reflected in subsequent quarters. The macro environment of the Indian aviation industry is facing some headwinds on account of rising oil prices and weakening currency; however, we remain confident that our multichannel approach will enable us to deliver over 20% growth in Adjusted revenue in the current year as well, with a meaningful improvement in our adjusted EBITDA," said Dhruv Shringi, Co-founder and CEO.

• Revenue reached INR 2.8 billion (USD 0.04 billion).
• Total Gross Bookings (Air Ticketing and Hotels and Packages) (3) reached INR 28.4 billion (USD 0.4 billion) representing YOY growth of 37.1%.
• Adjusted Revenue(1) increased to INR 2,040.3 million (USD 29.8 million), representing an increase of 24.8%. Adjusted Revenue represents revenue less service costs.
• Adjusted Revenue(1) from Hotels and Packages increased to INR 528.1 million (USD 7.7 million), representing an increase of 20.5% YOY.
• Standalone Hotel Room Nights Booked during the quarter were 0.6 million, representing an increase of 23.5% YOY.
• Adjusted Revenue (1) from Air Ticketing increased to INR 1,254.7 million (USD 18.3 million), an increase of 18.0% YOY.
• Gross Air Passengers Booked were 2.4 million representing YOY growth of 26.3%.
• Adjusted EBITDA (2) Loss of INR 407.2 million (USD 5.9 million) representing a YOY decrease of 33.3%.
• Loss for the period of INR 311.7 million (USD 4.6 million).

For earnings history and earnings-related data on Yatra Online, Inc. (YTRA) click here.

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