India’s leading travel tech company Yatra has announced impressive financial results for the first quarter of FY26, showcasing its resilience and strategic growth initiatives amid a turbulent travel environment.
In the quarter ended June 2025, Yatra posted a consolidated net profit of INR 16 Cr, marking a 300% year-on-year (YoY) increase compared to INR 4 Cr in Q1 FY25. On a quarter-on-quarter (QoQ) basis, profit also saw a moderate uptick of 5%, rising from INR 15.2 Cr in Q4 FY25.
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Operating Revenue Soars 108% YoY
The company’s operating revenue surged by 108% YoY to INR 209.8 Cr, compared to INR 100.8 Cr in the corresponding quarter last year. Sequentially, revenue grew 4% from INR 201.9 Cr in Q4 FY25.
This strong growth in top-line figures is particularly notable given the challenging macroeconomic landscape, which included tariff wars and the Air India plane crash — both of which had a negative impact on travel volumes across the country.
Despite these headwinds, Yatra’s diversified business model and tech-enabled travel services appear to have delivered consistent results.
EBITDA Margin Jumps from 9% to 21%
Yatra’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) skyrocketed 245% YoY to reach INR 24.2 Cr in Q1 FY26, up from INR 7 Cr in Q1 FY25. The company’s EBITDA margin also improved significantly — rising from 9% to 21%, reflecting increased operational efficiency and stronger margins across business verticals.
Growth Drivers: Cross-Selling & Corporate Business
According to the company, the surge in adjusted EBITDA can be attributed to:
- Standalone hotel cross-selling to existing travel customers
- Robust growth in the corporate travel segment
- Continued momentum in the hotels and holiday packages vertical
- Stronger performance across other business segments, driven by tech-driven booking tools and personalized travel experiences
This strategic focus on cross-selling and customer retention, combined with value-added services, has enabled Yatra to maximize revenue per customer and improve overall profitability.
Outlook for FY26: Tech-Led Growth in a Recovering Market
As India’s travel sector continues its post-pandemic rebound, Yatra is well-positioned to capitalize on increasing travel demand across both domestic and international markets. The company’s investments in AI-based booking platforms, mobile-first solutions, and corporate travel automation are expected to continue driving revenue and customer loyalty.
Yatra’s Q1 FY26 performance is a clear signal of resilience and adaptability. While macroeconomic risks persist, the company’s ability to grow revenues and profits — even in adverse conditions — positions it as a strong player in the online travel aggregator (OTA) space.
