The following is a summary of the Yatra Online, Inc. (YTRA) Q3 2024 Earnings Call Transcript:
Financial Performance:
Yatra demonstrated a strong Q3 performance with annual revenue increasing by 23%, reaching INR1.1 billion (USD13.4 million).
The air passenger segment showed outstanding growth, up by 26% YoY.
The adjusted margin for air ticketing rose by 10.2% YoY, generating INR1.1 billion (USD13.4 million).
Adjusted EBITDA improved by 24% YoY to INR44.5 million (approx. USD500,000).
The hotels and packages segment saw a YoY increase of 17%, bringing the total to INR449 million (approx. USD5.4 million).
Business Progress:
Yatra added 26 new corporate clients, thus reinforcing its position in the corporate travel sector.
Collaborating with Aramco Asia India is set to increase flight, hotel, and ancillary service bookings.
AI advancements in software development are projected to propel growth.
The introduction of Yatra Prime membership program in 2023 has strategically positioned the company and led to customer base expansion.
The company has observed recovery in international travel with a weighted average growth rate of 26% last quarter, and it foresees further growth in this sector.
More details: Yatra Online IR
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