Yatra Online Inc. reports 11% revenue increase and launches Expense Management Solution

From Investing.com: 2024-06-02 20:15:58

Yatra Online Inc. (YTRA) announces an 11% revenue increase for fiscal year 2024, with 24% growth in air passenger volumes. Gross bookings rose by 12% in the fourth quarter, driven by international travel rebound. An innovative Expense Management Solution was launched, with 83 new corporate clients added, including Aramco, indicating positive growth prospects for Yatra.

Adjusted EBITDA margins improved significantly, reaching INR110 million up from INR44.5 million. Yatra’s annual revenue hit INR4.2 billion, a solid 11% increase from the previous year. The company expects supply side constraints to ease in the second half of fiscal year 2025, with significant potential for customer growth in the corporate sector.

Yatra’s financial performance demonstrates a steady upward trajectory, leveraging new technologies and expanding its corporate customer base. Despite potential pricing headwinds, Yatra’s optimism and strategic initiatives position the company for continued growth in the travel industry. The launch of the Expense Management Solution is expected to enhance service offerings and boost market share.



Read more at Investing.com: Yatra Online reports growth and launches new tool By Investing.com