Yatra Online, Inc. Ordinary Shares - YTRA STOCK NEWS

Yatra Online (NASDAQ: YTRA), India's leading corporate travel services provider, announced it will release its second quarter FY25 financial results on November 12, 2024. The company will host two earnings conference calls: one for global investors on November 13 at 8:30 AM EST, and another through its Indian subsidiary, Yatra Online , on November 13 at 10:00 AM IST. The financial results will be available in the Investor Relations section of the company's website.

Yatra Online, Inc. (NASDAQ: YTRA) announced its 2024 Annual General Meeting (AGM) scheduled for November 27, 2024, at 6:00 PM at its India office in Gurugram. Shareholders of record as of October 31, 2024 will vote on three proposals: re-appointment of two Class II directors (Mr. Murlidhara Lakshmikantha Kadaba and Mr. Stephen Schifrin) for three-year terms, and ratification of BDO India LLP as independent auditor. The company has 59,909,346 ordinary shares and 1,854,871 Class F shares eligible to vote. The Board recommends voting FOR all proposals.

Yatra Online, Inc. (NASDAQ: YTRA), India's largest corporate travel services provider, has announced the acquisition of Globe All India Services (Globe Travels) for INR 1280 million (~USD 15.25 million) in cash. This strategic move will add approximately 360 corporate customers and annual gross bookings of about USD 90 million to Yatra's portfolio. Key highlights include:

• Expanded market share in the Corporate Travel segment
• Enhanced MICE (Meetings, Incentives, Conferences, and Exhibitions) capabilities
• Minimal customer base overlap with high cross-sell potential
• Expected immediate accretion to Yatra's financials with Adjusted EBITDA margins over 20%

The acquisition is set to close within three months, subject to conditions, and is expected to solidify Yatra's leadership position in India's corporate travel sector.

Yatra Online, Inc. (NASDAQ: YTRA) reported financial results for Q1 FY2025 ended June 30, 2024. Key highlights include:

- Revenue decreased 5.0% YoY to INR 1,050.7 million (USD 12.6 million)
- Adjusted Air Ticketing Margins declined 20.7% due to lower B2C volumes
- Adjusted EBITDA decreased 43.2% to INR 65.6 million (USD 0.8 million)
- Corporate Travel segment showed robust growth, securing 34 new accounts
- MICE business ramping up with positive early indicators
- Exploring strategic M&A opportunities in Corporate Travel segment
- Board-appointed committee working on streamlining corporate structure

Despite B2C challenges, the company remains focused on strengthening its market leadership in corporate travel services.

Yatra Online, Inc. (NASDAQ: YTRA), a leading corporate travel services provider and online travel agency in India, has announced its schedule for reporting first quarter 2025 financial results. The company will release its financial results for the period ended June 30, 2024, on August 12, 2024. This will be followed by a conference call with senior management on August 13, 2024, at 8:30 AM Eastern Standard Time (6:00 PM India Standard Time) to discuss the results.

Additionally, Yatra Online's Indian subsidiary, Yatra Online , will release its results in India on August 12, 2024, followed by a separate conference call on August 13, 2024, at 10:00 AM Indian Standard Time (12:30 AM Eastern Standard Time). Both calls will provide opportunities for investors and analysts to gain insights into the company's performance and future outlook.

Yatra Online, India's largest corporate travel services provider, has secured a travel mandate with Cipla , a global pharmaceutical giant based in Mumbai. Under this partnership, Yatra will offer customized, end-to-end travel solutions for Cipla's employees, including a self-booking tool for domestic travel. This tool facilitates bookings for air travel, hotels, and cabs. Yatra's CEO, Dhruv Shringi, highlighted this partnership as a significant milestone and an opportunity to extend Yatra's world-class travel management services to Cipla.

Yatra Online, Inc. (NASDAQ: YTRA) has announced the formation of an independent committee to explore strategic options for simplifying its multi-jurisdictional corporate structure. This committee will work with industry experts, legal counsel, and regulatory bodies to gather insights for potential restructuring. The goal is to reduce administrative overhead, rationalize costs, and facilitate both organic and inorganic growth. The board will review the committee's recommendations to decide on potential pathways, benefits, and associated risks. There is no guarantee of immediate action or adoption of any specific plan.

Yatra Online (NASDAQ: YTRA), a leading corporate travel provider in India, reported financial results for the quarter and year ending March 31, 2024.

Gross bookings increased by 12.7% YoY in Q4 2024, with Air Gross Bookings up by 15.1%. However, quarterly revenue dropped by 10.2% YoY to INR 1,072.8 million (USD 12.9 million), impacted by a one-time bonus accrual in the previous year. Excluding this, revenue increased by 6.4% YoY.

For the year, revenue rose 10.7% YoY to INR 4,238.2 million (USD 50.9 million). Despite these gains, the company reported a yearly loss of INR 326.0 million (USD 3.9 million), greater than the previous year's loss of INR 288.2 million (USD 3.5 million).

Operationally, Yatra secured 25 new corporate clients, anticipating annual billings of INR 842 million. They also launched an Expense Management solution utilizing AI technologies and repurchased 3.18 million shares for $5M.

Yatra Online (NASDAQ: YTRA), India's largest corporate travel services provider, has launched a Gen AI-powered expense management solution for businesses.

This tool aims to revolutionize expense tracking by integrating travel bookings and expense management into a single platform. It uses advanced technologies such as Gen AI Large Language Models for accurate receipt analysis and an integrated chatbot based on Gen AI and RAG models.

Additional features include multi-level approval processes, ERP system integration, and advanced analytics with a Power BI dashboard. Mobile applications for Android and iOS offer functionalities like expense creation, approval, and mileage tracking via GPS. The solution can handle up to 150 simultaneous user connections.

Over 800 corporations are set to adopt this solution, making it a significant step forward in managing travel and non-travel expenses efficiently.