Yatra Online Limited, India‘s largest corporate travel services provider, announced a 27.2% year-on-year increase in revenue for the financial year 2025-26, reaching ₹10,065 million. The company’s EBITDA also saw significant growth, rising by 53.2% to ₹855 million, while net profit increased by 28.1% to ₹468 million.
The company reported its most profitable year despite facing macroeconomic challenges that affected three months of the fiscal year. Gross margin for the year grew by 24.5% to ₹4,824 million, exceeding the revised guidance of 22.5%. Adjusted EBITDA reached ₹917 million, marking a 37.5% increase compared to the previous year.
In the fourth quarter of FY26, Yatra’s revenue was ₹1,890 million, although it experienced a decline of 13.7% year-on-year. The gross margin for the quarter was ₹1,133 million, showing a modest growth of 3.6%. However, the EBITDA for the quarter decreased by 45.5% to ₹126 million, and net profit fell by 46.1% to ₹82 million.
The company faced disruptions due to the geopolitical environment, which significantly impacted its MICE (Meetings, Incentives, Conferences & Exhibitions) business, especially in international corporate group travel. Despite these challenges, Yatra’s gross bookings grew by 8.3% year-on-year, and total transactions increased by 15.2%.
Yatra’s CEO, Mr. Siddhartha Gupta, commented on the results, stating that the company delivered a strong FY26 performance despite a volatile macro and geopolitical backdrop. He highlighted the company’s competitive position in the air segment and the growth momentum in the Hotels & Packages business.
Looking ahead, Yatra remains optimistic about FY27, backed by structural growth in India’s travel and corporate mobility markets and continued investments in AI technology, customer acquisition, and its B2E platform. Management is confident of achieving a medium-term growth CAGR of 20% in RLSC growth and 30% in adjusted EBITDA growth.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).