Key Financial Figures - Standalone (Amounts in millions INR)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,664.14
  • Other income: ₹59.48
  • Total income: ₹1,723.62
  • Total expenses: ₹1,628.35
  • Profit before exceptional item and tax: ₹95.27
  • Profit before tax: ₹95.27
  • Profit for the period: ₹94.69
  • Total comprehensive income: ₹97.71
  • Basic & Diluted EPS: ₹0.60

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹3,237.77 (derived from H1 total income of ₹3,563.22 minus H1 other income of ₹131.27, then subtracting Q1 revenue)
  • Profit for the period: ₹193.90 (as per H1 column)
  • Basic & Diluted EPS: ₹1.24

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: ₹1,570.40
  • Profit for the period: ₹62.82
  • Basic & Diluted EPS: ₹0.40

Standalone Balance Sheet Highlights (as at September 30, 2026)

  • Total assets: ₹11,999.17 million
  • Total equity: ₹7,865.18 million
  • Paid-up equity share capital: ₹156.92 million (156.92 million shares of ₹1 face value)
  • Other equity: ₹7,708.26 million (comprising Securities premium ₹22,162.09 million, Retained earnings (deficit) ₹(15,069.25) million, Deemed capital contribution ₹615.42 million)
  • Total liabilities: ₹4,133.99 million

Standalone Cash Flow (H1 FY27)

  • Net cash used in operating activities: ₹(344.28) million
  • Net cash used in investing activities: ₹(88.94) million
  • Net cash generated from financing activities: ₹248.99 million
  • Net decrease in cash: ₹(184.23) million

Key Financial Figures - Consolidated (Amounts in millions INR)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2,136.03
  • Other income: ₹44.11
  • Total income: ₹2,180.14
  • Total expenses: ₹2,199.06
  • Loss before exceptional item and tax: ₹(18.92)
  • Loss before tax: ₹(18.92)
  • Loss for the period attributable to owners: ₹(7.48)
  • Total comprehensive loss attributable to owners: ₹(3.97)
  • Basic & Diluted EPS: ₹(0.05)

Half Year Ended September 30, 2026:

  • Profit before tax: ₹(11.14) million (as per H1 column)
  • Profit for the period attributable to owners: ₹302.73 million
  • Basic & Diluted EPS: ₹1.93

Significant Notes and Disclosures

1. IPO Proceeds Utilization (Note 2A & 2B):

The company completed its IPO in Q3 FY24 (September 2023), issuing 54,577,463 equity shares at ₹142 per share. As of September 30, 2026, ₹694.66 million of net IPO proceeds remained unutilized and were temporarily invested in fixed deposits with scheduled commercial banks. The breakdown of unutilized proceeds is:

  • Strategic investments, acquisitions: ₹210.20 million
  • Customer acquisition, technology: ₹387.49 million
  • General corporate purposes: ₹96.97 million

The company has received queries from SEBI regarding the classification of deposits/advances aggregating ₹3,391.44 million given from IPO proceeds till June 30, 2024. Management, based on legal opinions, believes the utilization for airline tickets and hotel bookings (under customer acquisition object) complies with the Offer Document. The last response was submitted to SEBI on December 26, 2025, with no further communication received as of November 12, 2026.

2. Exceptional Items - Labour Code Impact (Note 5):

The Government of India notified four Labour Codes on November 21, 2025. The company recognized an incremental impact of ₹27.00 million (₹17.75 million for Gratuity and ₹9.25 million for long-term compensated absences) in FY26, presented as an exceptional item. For the consolidated entity, the impact was ₹37.92 million (₹27.08 million for Gratuity and ₹10.84 million for long-term compensated absences).

3. Cyber-Security Incident (Note 6):

On November 1, 2026, the company experienced a cyber-security incident. Based on preliminary assessment, it had no material impact on core business operations, financial performance, or business continuity. A detailed assessment is underway. The company notified CERT-In, BSE, and NSE on November 2, 2026.

4. Subsidiaries:

The consolidated results include:

  • TSI Yatra Private Limited (Wholly Owned)
  • Globe All India Services Limited (Wholly Owned)
  • Yatra Mice and Holidays Limited (Subsidiary)
  • Yatra Middle East LLC-FZ (Wholly Owned)

The financial information of one subsidiary (not named) is unreviewed but considered immaterial to the Group.

5. Segment Reporting:

The company operates in three reportable segments:

  • Air Ticketing: Q2 FY27 revenue ₹756.51 million
  • Hotels and Packages: Q2 FY27 revenue ₹1,180.14 million
  • Other services: Q2 FY27 revenue ₹71.86 million

Auditor's Review

The statutory auditors, M S K A & Associates LLP, issued an unmodified conclusion on both the standalone and consolidated financial results. They drew attention to the SEBI queries regarding IPO proceeds utilization but did not modify their conclusion based on management's view supported by legal opinions.