Yatra Online Limited (YATRA) announced its consolidated financial results for the fourth quarter of the financial year 2025-26, showcasing significant growth across key metrics. The company reported a 27.2% year-over-year growth in revenue, 53.2% in EBITDA, and 28.1% in PAT for FY26.

Financial Highlights

The financial performance for the full year FY26 was impressive, with revenue growing by 24.5% to INR 4,824 Mn, Adjusted EBITDA reaching INR 917 Mn with a 37.5% increase, and EBITDA improving to INR 855 Mn with a 53.2% rise. The net profit after tax (PAT) grew by 28.1% to INR 468 Mn. Despite the impact of the new wage code introduced in Q3, the company’s performance remained robust.

Q4 Performance

In the fourth quarter, Yatra’s gross bookings grew by 8.3% year-over-year, and gross margin increased by 3.6%. Total transactions rose by 15.2% with air passengers growing by 9.6% year-over-year. The corporate business added 55 new customers, contributing to an annual billable potential of INR 2,709 Mn.

However, the war-related disruption significantly affected the MICE (Meetings, Incentives, Conferences & Exhibitions) business, with several Q4 bookings cancelled or deferred into FY27. Despite these challenges, Yatra continued to post healthy growth in gross bookings and transactions, supported by market share gains and a strong corporate pipeline.

Commenting on the results, Chief Executive Officer, Mr. Siddhartha Gupta stated: “Yatra delivered a strong FY26, with execution remaining strong despite a volatile macro and geopolitical backdrop. Performance was broadly in line with revised guidance, supported by 24.5% RLSC growth and 37.5% Adjusted EBITDA growth, reflecting operating leverage and disciplined cost control.”

Management remains optimistic about FY27, backed by structural growth in India’s travel and corporate mobility markets and Yatra’s continued investment in AI technology, customer acquisition, hotel supply, and its B2E platform. Management remains confident of its medium-term growth CAGR of 20% RLSC growth and 30% Adj EBITDA growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Yatra Online Limited

Yatra Online Limited belongs to the Consumer Cyclical › Travel Services sector. Here’s a quick read on where the business and the stock stand today.

Yatra drops 31.2% over three months and trades near its 52-week lows. Thin margins at 5.2% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock sits at 16% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 59.5% and profits at 0.0% CAGR, with D/E of 0.00. Meanwhile, the stock dips 31.2% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Yatra Online Limited.