Yatra’s net profit in Q1 FY25 fell about 27% from INR 5.57 Cr in the preceding March quarter
Revenue from operations declined 9% YoY and 6% QoQ to INR 100.8 Cr
Yatra also announced a scheme of amalgamation to merge six of its wholly owned subsidiaries with itself
Online travel aggregator Yatra’s consolidated net profit declined 32.5% to INR 4.04 Cr in the first quarter of the ongoing fiscal year (Q1 FY25) from INR 5.99 Cr in the year-ago quarter.
On a sequential basis, profit declined about 27% from INR 5.57 Cr.
Revenue from operations also declined on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis. Revenue stood at INR 100.80 Cr in Q1 FY25, down 8.5% YoY and 6.3% QoQ.
The startup managed to trim its expenses during the quarter under review. Total expenses stood at INR 104.75 Cr in Q1 FY25, down 0.5% from INR 105.3 Cr in the year-ago quarter and 7% from INR 113.67 Cr in Q4 FY24. A major chunk of savings came from decline in marketing, payment gateway charges and servicing costs.
The startup also announced a scheme of amalgamation to merge six of its wholly owned subsidiaries with itself.
Ahead of the earnings announcement, shares of Yatra
ended today’s trading session 6.1% higher at INR 137.90 on the BSE.
(The story will be updated shortly.)
