Welcome to our dedicated page for Yatra Online news (Ticker: YTRA), a resource for investors and traders seeking the latest updates and insights on Yatra Online stock.
Yatra Online, Inc. (NASDAQ: YTRA) is the parent of Yatra Online Limited, which the company describes as India’s leading corporate travel services provider and one of India’s leading online travel companies. News about YTRA frequently focuses on its corporate travel operations, online travel platform and developments in its financial performance and governance.
Investors and observers following YTRA news can expect regular earnings releases detailing revenue, Gross Bookings, Adjusted Margin by segment, Adjusted EBITDA and Revenue Less Service Cost (RLSC). These updates highlight trends in the company’s three reportable segments: Air Ticketing, Hotels and Packages, and Other Services. Recent reports have emphasized the contribution of corporate travel and the Meetings, Incentives, Conferences and Exhibitions (MICE) business, as well as the impact of the acquisition of Globe All India Services Private Limited (GAISL).
Company announcements also cover strategic and structural matters, including a Composite Scheme of Amalgamation involving Yatra Online Limited and its wholly owned subsidiaries, and updates on efforts to simplify the group’s legal and corporate structure. Governance-related news has included Nasdaq notifications about minimum bid price compliance and the subsequent confirmation that Yatra regained compliance with Nasdaq’s listing requirements.
Leadership changes are another recurring theme in YTRA news. Filings and press releases describe the appointment of Siddhartha Gupta as a director and later as Group Chief Executive Officer of Yatra Online Limited and Yatra Online, Inc., and the transition of co-founder Dhruv Shringi from Chief Executive Officer to Chairman roles within the group. Together, these items provide a view into how the company manages its corporate travel focus, MICE growth, acquisitions and listing obligations.
This news page aggregates such disclosures, allowing readers to review Yatra’s earnings announcements, restructuring updates, leadership changes and other material events related to its travel services business and Nasdaq-listed equity.
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.
Yatra Online (NASDAQ: YTRA), India's leading corporate travel services provider and prominent online travel agency, will report its fiscal fourth quarter and full year 2024 financial results on May 30, 2024. The results will cover the period ending March 31, 2024.
The company will release the financial results on its Investor Relations webpage and follow up with a conference call hosted by its senior management team on May 31, 2024, at 9:00 AM EDT (6:30 PM IST).
The call will discuss the results and provide further insights. Additionally, Yatra Online , the company's Indian subsidiary, will announce its results in India on May 30, 2024, followed by a conference call on May 31, 2024, at 10:00 AM IST (12:30 AM EDT).
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