| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 256.81 | 26.8% | 9.2% |
| Total Income | 261.59 | 26.5% | 8.4% |
| Expenditure | 248.79 | 26.6% | 7.6% |
| PBT | 9.01 | 46.7% | 10.6% |
| Net Profit | 8.34 | 41.6% | 16.7% |
| OPM | 7.29% | 0.48pp | 9.63pp |
| NPM | 3.19% | 0.82pp | 0.96pp |
| EPS | 0.53 | 41.8% | 17.2% |
Yatra Online Reports 9% and 64% Growth in Revenues and EBITDA Respectively for Q3-FY26
11 Feb 2026 · 11 Feb, 7:03 pm
Summary
Yatra Online Limited, India’s largest corporate travel services provider and the third largest online travel company in India, announces its results for the third quarter of the financial year 2025-26. The company reported a 9% YoY growth in revenue and a 64% YoY growth in EBITDA. The B2C business is now beginning to deliver healthy growth with positive unit economics. The Corporate business maintained strong momentum, adding 40 new corporate customers during the quarter. Despite significant disruption in the airline industry in India, the company delivered results ahead of its revised guidance.
Key Highlights
- 1
9% YoY growth in revenue
- 2
64% YoY growth in EBITDA
- 3
23% YoY growth in Revenue Less Service Cost
- 4
41% YoY growth in Adjusted EBITDA
- 5
21% YoY growth in Gross Bookings
- 6
40 new corporate customers added
- 7
Implementation of new labour codes reduced PAT by INR 38 Mn
- 8
Disruption in the domestic aviation industry impacted corporate and MICE businesses
- 9
Improved Gross Margins across Air and Hotels & Packages
Management Comments
Mr. Dhruv Shringi
I am pleased to report another strong quarter despite significant disruption in the airline industry in India during the quarter. We continue to deliver results ahead of our revised guidance with RLSC growth coming in at 23% and Adjusted EBITDA grew 41% YoY. During the period ended 31° December 2025 our Adjusted EBITDA and PAT exceeded our full year FY 2025 performance, positioning us well for a strong FY 2026. During the quarter we also strengthened our management team with the appointment of Siddhartha Gupta as our CEO.
Mr. Siddhartha Gupta
Our B2C business continued its recovery trajectory during the quarter backed by strong seasonal tailwinds. This business now is demonstrating steady growth with profitable unit economics. Our corporate and MICE businesses both got impacted by the disruption in the domestic aviation industry in India with significant amount of MICE business getting pushed into Q4’26 and Q1’27. Our focused execution enabled us to improve our Gross Margins across Air and Hotels & Packages despite tough macro environment. Looking ahead, we remain focused on scaling high-margin segments, deepening technology capabilities, and driving sustainable long-term value for stakeholders.
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