Yatra Online Achieves Record Profit in FY26

Yatra Online announced a record net profit of ₹46.80 crore for the fiscal year 2026.
Consolidated revenue for FY26 grew 27.2% year-on-year to ₹1,006.50 crore.

Record Annual Performance Amidst Q4 Challenges

Yatra Online has achieved its highest-ever annual profit for the fiscal year ending March 31, 2026 (FY26), reporting a consolidated net profit of ₹46.80 crore. The company also saw robust revenue growth, with full-year consolidated revenue increasing by 27.2% to ₹1,006.50 crore. Adjusted EBITDA rose significantly by 37.5% year-on-year to ₹91.70 crore. Despite this strong annual performance, the fourth quarter of FY26 (Q4 FY26) presented challenges. Revenue for the quarter decreased by 13.7% to ₹189.00 crore, and net profit dropped by 46.1% to ₹8.20 crore. The company attributed this Q4 downturn to disruptions in international MICE (Meetings, Incentives, Conferences, and Exhibitions) travel caused by ongoing global conflicts.

Strategic Growth Drives Full-Year Success

This milestone marks a period of strong growth and operational efficiency for Yatra Online. The record profit and revenue highlight the company's successful expansion efforts throughout the fiscal year. However, the sharp decline in Q4 underscores the sensitivity of its international MICE business to external geopolitical events, a factor that investors will closely monitor.

Foundation for Future Growth

In the previous fiscal year, FY25, Yatra Online posted consolidated revenue of ₹791.2 crore and a net profit of ₹36.5 crore. For FY26, the company has focused on expanding its corporate client base and investing in technological advancements, including AI and its B2E (Business to Employee) platform. The implementation of new wage codes in Q3 FY26 also impacted net profit growth for the year.

Continued Investment and Expansion Plans

Yatra Online plans to maintain its growth trajectory by continuing investments in AI technology, expanding hotel supply, and enhancing its B2E platform. The addition of 163 new corporate customers in FY26 indicates a strengthening of its enterprise business segment, suggesting future revenue potential.

Key Risks to Monitor

Geopolitical tensions and their impact on international travel, particularly the MICE segment, remain a significant risk, as demonstrated by the Q4 results. Persistent macroeconomic challenges could also affect overall travel demand. The ongoing effect of new wage codes on profitability is another area of focus for the company.

Competitive Landscape

Yatra Online operates in a competitive Indian online travel agency (OTA) market, facing competition from players like MakeMyTrip and EaseMyTrip. The company's strategic differentiation lies in its focus on corporate travel and its B2E solutions.

Key Financial Metrics for FY26:

• Consolidated Revenue: ₹1,006.50 crore (up 27.2% YoY)
• Consolidated Profit After Tax (PAT): ₹46.80 crore (up 28.1% YoY)
• Adjusted EBITDA: ₹91.70 crore (up 37.5% YoY)
• Q4 FY26 Consolidated Revenue: ₹189.00 crore (down 13.7% YoY)
• Q4 FY26 Consolidated PAT: ₹8.20 crore (down 46.1% YoY)

Outlook and Investor Focus

Investors will be looking for further details and strategic insights during Yatra Online's earnings conference call scheduled for May 25, 2026, at 10:00 AM IST. The company's ability to navigate macroeconomic uncertainties and geopolitical risks will be critical for its performance in the upcoming fiscal year.