Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

SUMMARY

Yatra had posted a net loss of INR 5.6 Cr in Q3 FY23 and a loss of INR 17.1 Cr in Q2 FY24

Operating revenue jumped almost 23% YoY and 17.2% QoQ to INR 110.3 Cr in Q3 FY24

Domestic air passenger traffic grew 26% YoY during the quarter under review but EBITDA declined 25% YoY to INR 4.8 Cr in Q3 FY24

Online travel aggregator Yatra Online returned to the black in the December quarter (Q3) of the financial year 2023-24 (FY24), posting a consolidated net profit of INR 1.1 Cr against a loss of INR 5.6 Cr in the year-ago quarter.

Yatra had posted a net loss of INR 17.1 Cr in the preceding September quarter of 2023. However, its net profit in Q3 FY24 was far below the INR 6 Cr profit it reported in Q1 FY24.

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