Yatra Online Hits Rs 100, Locks 20% Upper Circuit Today
Shares of Yatra Online Ltd are locked in a 20% upper circuit on 11th August, following the company’s strong Q1 earnings report.
The company reported a strong performance in the June quarter. Profit rose 297.5% to Rs 15.9 crore, compared to Rs 4 crore in the same period last year. Revenue more than doubled, increasing 108.1% to Rs 209.8 crore from Rs 100.8 crore in the same period the previous year.
Growth was supported by better gross margins in both air travel (4.6%) and hotel (9.05%) segments. EBITDA jumped 410.7% to Rs 22.98 crore, with margins increasing from 4.5% to 11% year-over-year.
The increase was primarily driven by the hotel and package business. It was also boosted by the meetings, incentives, conferences, and exhibitions (MICE) segment. Yatra also added 34 new corporate accounts. Furthermore, it reduced its gross debt significantly from Rs 54.6 crore to Rs 2.9 crore.
Gross bookings increased by 9% compared to last year, demonstrating positive momentum. Despite this strong performance, Yatra’s share price has yet to return to its IPO level. However, the company continues to improve its financial health and operations.
The company’s market cap rose to Rs 1,805 crore.
At 3:14 PM, the shares of Yatra Online were locked in a 20% upper circuit at Rs 114.90 on NSE.
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