The following is a summary of the Yatra Online, Inc. (YTRA) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Yatra Online reported a total revenue of INR 1,051 million for Q1 2025, marking a decline of 5% year-over-year.

• Adjusted EBITDA was approximately $800,000, down from the previous year due to lower volumes and increased expenses for new initiatives.

• Despite challenges in the B2C segment, the corporate travel segment showed robust growth.

Business Progress:

• Yatra expanded its corporate travel offerings including new products like Visa services and car rental for corporate clients.

• The MICE (Meetings, Incentives, Conferences, and Exhibitions) business showed promising early signs with significant secured business for the upcoming quarter.

• The company launched an expense management solution, RECAP, and is conducting pilot programs with some clients.

Opportunities:

• Yatra sees significant growth potential in the corporate travel sector, especially with the MICE industry expected to grow substantially by 2030.

• India's business travel market is on an upswing, with projections indicating substantial growth surpassing pre-pandemic levels.

• The company is exploring both organic and inorganic opportunities to expand its corporate travel business.

Risks:

• The B2C segment faces challenges including supply constraints in domestic aviation and direct sales competition from India's largest airline.

• The economic pressure might impact consumer and corporate spending patterns.

More details: Yatra Online IR

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