The robust performance was driven by sustained momentum in corporate travel and significant growth in the higher-margin hotels and packages business, bolstered by Meetings, Incentives, Conferences, and Exhibitions demand and effective cross-selling to Yatra's existing customer base. During the quarter, the company signed 34 new corporate accounts with an estimated annual billing potential of Rs 2 billion.
Yatra Online Limited has announced its highest-ever first-quarter results for FY 26, recording consolidated revenue of Rs 2098 million, up 108 per cent compared to Rs 1011 million in Q1 FY25. EBITFA rose 247 per cent year-on-year to Rs 242 million from Rs 40 million, while net profit surged 296 per cent to Rs 160 million from Rs 40 million. EBITDA margin expanded to 21 per cent, reflecting disciplined cost control and a favourable business mix.
The robust performance was driven by sustained momentum in corporate travel and prominent growth in the higher-margin hotels and packages business, bolstered by Meetings, Incentives, Conferences, and Exhibitions demand and effective cross-selling to Yatra's existing customer base. During the quarter, the company signed 34 new corporate accounts with an estimated annual billing potential of Rs 2 billion.
Dhruv Shringi, Whole Time Director and Chief Executive Officer, Yatra Online Limited, said: "WE have started FY26 on a firm footing with revenue growth of 108 per cent year on year, EBITDA growth of 247 per cent and net profit growth of 296 per cent, comfortably surpassing the guidance given at the start of the year. This has been achieved despite a challenging macro environment that included cross-border tensions, new tariffs on key routes and the tragic June 2025 air crash, which temporarily affected passenger volumes.
Our continued focus on asset-light growth technology has led to efficiency and deepening client relationships, which have helped us strengthen our leadership in corporate travel while accelerating growth in the hotels and packages segment. The signing of 34 new corporate accounts with a combined annual billing potential of Rs 2 billion underscores our strong value proposition in the B2B space.
Looking ahead, we are confident in our ability to deliver durable, profitable growth. Apart from this, we should diversify revenue streams and cement travel positions as a leading player in India and the region's travel ecosystem. Yatra also reported continued recovery in business travel volumes alongside strong demand for leisure products, particularly in domestic and short-haul international markets. The company noted that hotels and packages revenue benefited from growth in MICE, increased adoption of bundled services and strategic cross-selling to the corporate and retail base.
With an asset-light model, a robust client pipeline, and growing share on higher-margin verticals, Yatra said it remains well-positioned to deliver on its FY26 growth strategy while continuing to invest in technology and product innovation to enhance the traveller experience.
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