Yatra Q4 Profit Tanks 46% YoY To ₹8.2 Cr

Online travel aggregator (OTA) Yatra’s consolidated net profit tanked 46.1% to ₹8.2 Cr in Q4 FY26 from ₹15.2 Cr in the year ago quarter. On a QoQ basis, profit after tax (PAT) fell 1.6% from ₹8.3 Cr reported in the previous quarter.

The bottom line was impacted as the company’s revenue from operations declined nearly 14% to ₹189 Cr from ₹218.9 Cr in the year-ago quarter. The company’s top line also declined 26.4% from ₹256.8 Cr recorded in the previous quarter.

Including other income of ₹10.4 Cr, Yatra’s total income for the period stood at ₹199.4 Cr. 

Total expenses for the quarter stood at ₹193.7 Cr, down nearly 10% from ₹215.2 Cr during the same period last fiscal. 

For the full FY26, the travel tech startup’s net profit jumped nearly 28% to ₹46.8 Cr as against ₹36.6 Cr in the year ago fiscal. In line with this, revenue from operations rose 27.2% to ₹1,006.5 Cr from ₹791.4 Cr in FY25. 

Revenue less service cost (RLSC), which is essentially the gross margin, rose a mere 3.6% YoY to ₹113.3 Cr in Q4 FY26. EBITDA improved 45.5% YoY to ₹12.6 Cr, while EBITDA margin, as per the company, stood at 11.2% during the quarter under review.

“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,” said Yatra CEO Siddhartha Gupta.

During the quarter, Yatra added 55 new corporate customers with an estimated annual revenue potential of ₹270.9 Cr. 

The company also noted that geopolitical tensions significantly affected its MICE (meetings, incentives, conferences and exhibitions) vertical. While noting that several Q4 bookings have either been cancelled or deferred to FY27, the management expects a meaningful portion of this demand to return as conditions normalise.

Going forward, the company is projecting an adjusted EBITDA growth rate of 30% in the ongoing fiscal year despite macroeconomic challenges. 

“While macro challenges are likely to persist in the first half of the year, management remains optimistic about FY27. Backed by structural growth in India’s travel and corporate mobility markets and Yatra’s continued investment in Al 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,” said CEO Gupta.

Yatra’s shares ended yesterday’s trading session 5.29% higher at ₹101.45 on the BSE.

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