The rally followed the travel operator’s June quarter earnings, which showed a sharp jump in profits on a low base from last year.
The company’s net profit jumped 298% to ₹16 crore in the June quarter, compared to ₹4 crore in the same period last year. Revenue more than doubled to ₹209.8 crore from ₹100.8 crore, a growth of 108.1% year-on-year.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) soared 410.7% to ₹22.98 crore from ₹4.5 crore a year ago, while EBITDA margin expanded to 11% from 4.5%.Gross bookings were up 9% year-on-year, driven by growth in the hotels and packages segment, contribution from the meetings, incentives, conferences, and exhibitions (MICE) segment, the addition of 34 new corporate accounts, and a sharp reduction in gross debt, from ₹54.6 crore to ₹2.9 crore sequentially.
Gross margins for air travel and hotels improved to 4.6% and 9.05%, respectively, from 3.1% and 7.46% in the year-ago period.
All five analysts tracking Yatra Online have a ‘Buy’ rating on the stock.
Yatra Online shares are now up 13.32% at ₹130.21. The stock has rallied 53% over the past month. It had touched a post-listing high of ₹157.15 in September 2024 but still trades below its IPO price of ₹142 per share.
