Yatra profits plunges 27% in Q1 FY25; revenue continues to fall

Online travel aggregator Yatra has continued to lose scale as well as profits quarter on quarter. The Gurugram-based firm’s revenue declined 6.4% during the first quarter of FY25. At the same time, its profits plunged 27.5%.

Yatra’s revenue from operations decreased to Rs 100.8 crore in Q1 FY25 from Rs 107.67 crore in Q4 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows.

Yatra recorded Rs 422.3 crore of revenue in the fiscal year ending March 2024 with the profits of Rs 4.4 crore.

Income from air ticketing was the largest source of revenue followed by hotel, packages and other services. It also made Rs 8 crore from financial sources tallying the firm’s overall income to Rs 109 crore in Q1 FY25.

The travel aggregator firm spent 32% of the overall expenditure on employee benefits followed by service and payment gateway costs. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 104.75 crore in Q1 FY25 against Q4 FY24.

The continued depletion of scale cannibalized Yatra’s profit by 27.47%, bringing it down to Rs 4.04 crore in Q1 FY25 against Rs 5.57 crore in Q4 FY24. On a unit level, the firm spent Rs 1.04 to earn a rupee in Q1 FY25.

Yatra is currently trading at Rs 132.5 with a 4.9% decline in its share price (as of 12.58 PM today). As per Fintrackr’s estimates, its total market capitalization stood at Rs 2,079 crore (approximately $250 million).