Yatra Online shares jump 35% in three days as brokerages raise target prices after strong Q2 results

Yatra Online shares jump 35% in three days as brokerages raise target prices after strong Q2 results

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26 Aug, 2025 12:21

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The shares of Yatra Online jumped up to 6 percent on November 13, extending sharp gains for the third consecutive session after the firm released strong results for the second quarter of the ongoing financial year 2026. The stock has now gained more than 35 percent in just three sessions.

The company had released its results on November 11. The shares hit a 52-week high of Rs 196.30 apiece earlier yesterday.

Yatra Online reported a consolidated net profit of Rs 14.28 crore for the July-September quarter of FY26. This is nearly double that of the Rs 7.3 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile jumped over 48 percent year-on-year (YoY) to Rs 350.87 crore in Q2 FY26, from Rs 236.40 crore in Q2 FY25. EBITDA surged 125 percent YoY to Rs 24.8 crore during the quarter under review, with EBITDA margin at 20 percent.

Yatra Online announced that its gross debt reduced from Rs 54.6 crore in March to Rs 21.1 crore in September, reflecting its strong liquidity position.

“Looking ahead, we remain focused on scaling high-margin segments, deepening technology capabilities, and driving sustainable long-term value for stakeholders. On the back of the strong momentum we are also raising our Adjusted EBITDA guidance for the full year from the current growth guidance of 30% to a revised growth guidance of 35% - 40%,” said Yatra Online Whole Time Director cum CEO Dhruv Shringi.

JM Financial increased the target price for the stock to Rs 215 apiece from Rs 190 apiece, while maintaining its ‘Buy’ call. The latest target price implies an upside potential of more than 16 percent from the stock’s previous closing price.

The domestic brokerage said that the company delivered a healthy performance in Q2 led by strong momentum in its Hotels & Packages (H&P) segment.

“The management raised its FY26 guidance for revenue less service costs to 22–23% (from 20% earlier) and Adj. EBITDA growth to 35–40% (from 30%+) underpinned by robust corporate traction and improving operating leverage. We, however, continue to build above guidance estimates due to strong corporate client additions and margin normalisation expected in 2H,” JM Financial said.

Antique Stock Broking has a ‘Buy’ call on the stock, while raising the target price to Rs 230 per share. This implies an upside potential of more than 24 percent from the stock’s previous closing price.

The brokerage anticipates continued strong performance and expects the company’s FY26 PAT to rise to Rs 60 crore.

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