Financial Performance (Consolidated Q1 FY27)

Revenue: INR 1,879 million

Profit After Tax (PAT): INR 3 million

Adjusted EBITDA: INR 151 million (includes other income of INR 7 million)

EBITDA: INR 132 million

EBITDA Margin: 10.8% of RLSC (Gross Margin)

Operational and Business Highlights

Gross Bookings: Increased 16.5% year-over-year to INR 21,007 million

Total Transactions: Increased 12.2% YoY across Air and Hotels & Packages

Air Passengers: Grew 4.8% YoY, outpacing broader industry growth

Room Nights: Grew nearly 30% YoY

Gross Margin (RLSC): Grew 6.1% YoY to INR 1,227 million

Corporate Business Performance

New Corporate Customers: Added 53 new corporate customers during the quarter

Annual Billable Potential: INR 2,223 million from new customers

MSME Segment: New Go-to-Market team added over 30 new logos

RECAP Adoption: Cumulative customer base reached 20 for AI-powered Expense Management solution

Challenges and Impact

EBITDA Decline: 45.6% YoY decline primarily due to:

  • Middle East conflict impact on international MICE volumes and margins
  • Lower airline-related income from reduced international air traffic and capacity

MICE Business: Several Q1 bookings deferred to subsequent quarters in FY27 due to geopolitical disruptions

Recovery Indicators

MICE Pipeline: Current Q2 pipeline more than 50% higher than Q1 levels

Margin Profile: Improved margin profile in Q2 pipeline

Strategic Developments

International Partnership: Seven-year strategic partnership with Kanoo Travel for enterprise travel technology platform expansion across Middle East

Kanoo Travel Network: Over 100 offices in the region

Management Commentary

CEO Mr. Siddhartha Gupta stated the company entered FY27 with good momentum and demonstrated business resilience despite challenging geopolitical and competitive environment. Noted sustained strength across Air, Consumer, Hotels and Corporate Travel businesses. Expressed confidence in growth and profitability trajectory through FY27.

Additional Information

Financial Statements: Available in Investor Relations section at https://investors.yatra.com/Investor-Relations-India

Conference Call: Scheduled for August 13, 2026 at 11:00 AM IST to discuss Q1 FY27 results

Analyst Presentation: Will be submitted to Stock Exchanges and hosted on company website