Yatra Slips Into The Red In Q2, Reports ₹78 Lakh Loss
Online travel aggregator (OTA) Yatra swung to the red and reported a consolidated net loss of ₹78.4 Lakhs in the…
Indian OTA Yatra reported a Q2 FY27 net loss of ₹78.4 lakh, marking a sharp decline from its ₹14.3 crore profit in the same quarter last year. The company's revenue from operations fell 39.1% to ₹213.6 crore, despite earning ₹1.7 crore in one-time deferred tax benefits. CEO Siddhartha Gupta cited a challenging operating environment, lower MICE volumes, and the reorientation of MICE programs as reasons for the loss.
Yatra's total income stood at ₹218 crore, while total expenses declined 35% to ₹219.9 crore. Gross bookings grew 6% YoY and 3% QoQ to ₹2,165.5 crore. The company added 54 new corporate customers. Yatra Online Inc, Yatra's US-listed entity, is now under Nasdaq's compliance watch after its shares traded below $1 for more than a month.
The company has 180 days to regain compliance, including closing shares at $1 or higher for 10 consecutive business days.
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