Yatra Online Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Yatra delivered a strong Q2 FY26: Revenue up 48% YoY to 350.9 Cr, Gross Margin 125.7 Cr. Adjusted EBITDA surged 125% YoY to 25.5 Cr, and PAT grew 96% YoY to 14.3 Cr. The financial results for the quarter and half-year were robust. Corporate travel is a major driver, adding 34 new clients with 260 Cr annual billing potential. Air bookings were 1481.1 Cr (+12% YoY) and hotel bookings 514.2 Cr (+40% YoY). The company hiked its FY26 Adjusted EBITDA growth outlook from 30% to 35-40%, citing operating leverage. AI deployment aims to enhance customer experience and cut service costs. Debt significantly reduced to 21.1 Cr, showing healthy cash flow. Management is confident about sustained growth.