GURGAON, India and NEW YORK, January 30, 2018 /PRNewswire/ —

Yatra Online, Inc. (NASDAQ: YTRA, OTCQX: YTROF), India’s leading online travel company, today announced its unaudited financial and operating results for three months ended December 31, 2017.

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We delivered yet another solid quarter of results with revenue less service cost growth at 45.6% year-over-year.  Our multi-channel approach and the resultant symbiotic relationship between our corporate and consumer direct businesses continues to deliver well for us. We have taken great strides on our technology platform for both our retail and corporate customers.  This is an exciting time for Yatra, as we believe the combination of strong economic growth and consumer demand at the macro level and our own unique approach at the company level will help us maintain a strong growth rate over the longer term.  Dhruv Shringi, Co-founder and CEO.

Yatra Online, Inc.’s financial and operating results for the three months ended December 31, 2017, include the financial and operating results of Air Travel Bureau Limited (‘ATB’) for three months ended December 31, 2017.

Financial and operating highlights for the three months ended December 31, 2017:

– Revenue increased by 40.8% year-over-year (YOY) to INR 3,360.4 million.

Revenue Less Service Cost(2) increased to INR 1,957.8 million, representing an increase of 45.6% YOY.

Revenue Less Service Cost(2) from Hotels and Packages increased to INR 437.3 million, an increase of 46.8% YOY.

– Standalone Hotel Room Nights Booked during the quarter was 0.5 million, represented an increase of 37.8% YOY.

Revenue Less Service Cost(2) from Air Ticketing increased to INR 1,370.4 million, an increase of 46% YOY.

Gross Air Passengers Booked were 2.3 million representing YOY growth of 31.0%.

Total Gross Bookings (Air Ticketing and Hotels and Packages) (4) reached INR 23.9 billion representing YOY growth of 44.8%.

– Profit for the period of INR 232.3 million and Adjusted EBITDA(3)  Loss of INR 388.3 million.


   
                                    Three months ended December 31,
                                                                                   YOY
                                 2017            2017             2016           Change
                                                       Unaudited
    (in thousands except
    percentages)                  INR             USD             INR               %
    Financial Summary as per
    IFRS
                                                       
    Revenue                    3,360,4 43        52,646        2,387,22 6           40.8 %
                               
    Results from operations    (631,750 )        (9,898 )        (282,231)         123.8 %
                                                               
    Exceptional Items (1)             -               -         (4,251,447)        100.0 %
    Profit/(loss) for the                                      
    period                      232,311           3,639         (4,613,916)
    Financial Summary as per
    non-IFRS measures
    Revenue Less Service Costs                         
    (2)                         1,957,758          30,671       1,344,722           45.6 %
                               
    Air Ticketing               1,370,397          21,469        938,719            46.0 %
    Hotels and Packages         437,340             6,852        297,834            46.8 %
    Other                       150,021             2,350        108,169            38.7 %
                               
    Adjusted EBITDA (3)         (388,255)        (6,083)       (187,140)           107.5 %
    Operating Metrics
                                                        
    Gross Bookings (4)          23,936,731         375,007      16,532,430          44.8 %
                                                        
    Air Ticketing               20,448,781         320,363      13,837,882          47.8 %
                                                       
    Hotels and Packages         3,487,950          54,644        2,694,548          29.4 %
    Net Revenue Margin% (5)
    Air Ticketing                   6.7 %                            6.8 %
    Hotels and Packages            12.5 %                           11.1 %
    Quantitative details (6)
    Air Passengers Booked         2,308                            1,761            31.0 %
    Stand-alone Hotel Room
    Nights Booked                   504                              365            37.8 %
    Packages Passengers
    Travelled                        46                               36            26.2 %

More details are available on our site – http://investors.yatra.com/home/default.aspx

About Yatra Online, Inc and Yatra Online Pvt Ltd 

Yatra Online, Inc is the parent company of Yatra Online Pvt Ltd which is based in Gurugram, India and is one of India’s leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 70,000 hotels in India and over 800,000 hotels around the world.

Customers can access Yatra in multiple ways: through a user-friendly website, mobile optimised WAP site and applications, a multi-lingual call centre, a countrywide network of Holiday Lounges and Yatra Travel Express stores.

Launched in August 2006, Yatra was ranked the Most Trusted e-Commerce Travel Brand in India in the Economic Times Brand Equity Survey 2016 for the second successive year, and has won the National Tourism Award for ‘Best Domestic Tour Operator (Rest of India)’ at the India Tourism Awards held in September 2017 for the third time in a row.

Safe Harbor Statement:

This press release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “project,” “seek,” “should” and similar expressions. Such statements include, among other things, management’s beliefs as well as our strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of our shares, our reliance on our relationships with travel suppliers and strategic alliances, failure to further increase our brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop our corporate travel business, damage to or failure of our infrastructure and technology, loss of services of our key executives, and inflation in India and in other countries. These and other factors are discussed in our reports filed with the U.S. Securities and Exchange Commission. All information provided in this press release is provided as of the date of issuance of this press release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Note: 

(1)    The exceptional items relate to listing related expenses, transaction costs and contingent dividend expense.

(2)    Revenue Less Service Cost represents Revenue after deducting service costs. See “Certain Non-IFRS Measures.”

(3)    See section “Certain Non-IFRS Measures.”

(4)    Gross Bookings represent the total amount paid by our customers for travel services and products booked through us, including taxes, fees and other charges, and are net of cancellation fees and refunds.

(5)    Net Revenue Margin is defined as Revenue Less Service Cost as a percentage of Gross Booking.

(6)    Quantitative details are considered on a gross basis.

For further information, please contact: 
Manish Hemrajani
Yatra Online, Inc.
VP, Head Investor Relations
manish.hemrajani@yatra.com

SOURCE Yatra Online, Inc.