Yatra Online Limited, India’s largest corporate travel services provider and a leading online travel company, has announced its financial results for the third quarter of FY 2024-25, showcasing impressive growth across key metrics. The company reported a 113% year-on-year (YoY) increase in revenue, reaching ₹2,353 million, while EBITDA surged by 207% to ₹146 million with a 14% EBITDA margin. Net profit saw an exceptional 845% YoY jump, reaching ₹100 million.
The strong performance was driven by sustained momentum in core segments, particularly the Hotels and Packages business, which grew 66% YoY, alongside significant contributions from the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment. The company’s recent acquisition of Globe All India Services Limited (GAISL) in September 2024 also contributed to its robust financial results. Yatra’s gross margin (Revenue Less Service Costs) increased 25% YoY to ₹1,041 million, reflecting its diversified and resilient business model. Adjusted EBITDA rose 75% YoY to ₹175 million, underlining the company’s focus on profitable growth and cost optimization.
During the quarter, Yatra set a record by securing 50 new corporate accounts with a billing potential of ₹2,804 million, further cementing its leadership in corporate travel. As of December 31, 2024, the company maintained strong financial health with ₹1,828 million in cash and term deposits, while reducing debt by ₹245 million, bringing gross debt down to ₹32.5 million.
Commenting on the results, Dhruv Shringi, Whole Time Director & CEO, expressed confidence in Yatra’s strategic execution. “We are pleased to report a strong quarter with robust revenue growth and continued momentum across key segments. Our corporate travel business remains a key driver, supported by improved operational efficiency, cost rationalization, and supply-side synergies. The successful onboarding of 50 new corporate clients strengthens our leadership position, while our integration of GAISL is progressing ahead of schedule, unlocking early synergies in supplier consolidation and technology adoption. Looking ahead, we remain focused on further expansion in MICE, disciplined execution of strategic priorities, and delivering sustainable value to our stakeholders.”
With record corporate client acquisitions, strong financial performance, and continued market expansion, Yatra Online is well-positioned to maintain its leadership in the travel sector while driving long-term growth and profitability.
