Shares of Yatra One surged 16 percent to Rs 135 apiece on August 12, marking a second straight day of strong gains after the company posted a stellar June quarter (Q1FY26) performance. The rally comes on top of a 20 percent upper circuit hit yesterday, taking the two-day rise to over 40 percent.
For the quarter ended June 2025, net profit jumped 298 percent year-on-year to Rs 16 crore, compared with Rs 4 crore in the same period last year. Revenue more than doubled, rising 108.1 percent to Rs 209.8 crore from Rs 100.8 crore a year earlier.
Operating profit (EBITDA) surged 410.7 percent to Rs 22.98 crore from Rs 4.5 crore in Q1FY25, while the EBITDA margin improved sharply to 11 percent from 4.5 percent.
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Gross bookings were up 9 percent year-on-year, supported by growth in the hotels and packages (H&P) segment, contributions from the meetings, incentives, conferences, and exhibitions (MICE) business, the addition of 34 new corporate accounts, and a steep reduction in gross debt — from Rs 54.6 crore to Rs 2.9 crore sequentially.
Gross margins for air travel improved to 4.6 percent from 3.1 percent a year ago, while gross margins for hotels rose to 9.05 percent from 7.46 percent.
The strong quarterly performance was driven by a robust corporate travel business and higher-margin H&P operations, aided by continued momentum in MICE and standalone hotel cross-selling to existing customers.
During the quarter, Yatra added 34 new corporate clients, with an annual billing potential of Rs 200 crore.
The stock has rallied 53 percent in the past month. It touched a post-listing high of Rs 157.15 in September 2024 but still trades below its IPO price of Rs 142 per share.
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