Yatra Online Q2 FY27 results show air strength but profitability pressure

Yatra Online reported Q2 FY27 revenue from operations fell 39% year‑over‑year to INR 2,136 million, while adjusted EBITDA turned negative at a loss of INR 32 million. Gross bookings grew 6% to INR 21,655 million, driven by a 15% rise in air ticketing bookings to INR 17,006 million, whereas the Hotels & Packages segment saw bookings drop 21% to INR 4,054 million. The company added 54 new corporate customers, expanding its B2B travel platform.

The sharp revenue decline and EBITDA loss signal near‑term earnings pressure, which may weigh on Yatra's share price. CEO Siddhartha Gupta highlighted that the air ticketing business’s growth and margin expansion could help improve overall profitability going forward.

  • 1Revenue from operations fell 39% year‑over‑year to INR 2,136 million in Q2 FY27.
  • 2Adjusted EBITDA swung to a loss of INR 32 million in Q2 FY27.
  • 3Gross bookings grew 6% year‑over‑year to INR 21,655 million in Q2 FY27.
  • 4Air ticketing gross bookings increased 15% year‑over‑year to INR 17,006 million.
  • 5Hotels & Packages gross bookings fell 21% year‑over‑year to INR 4,054 million.
  • 6Yatra added 54 new corporate customers in Q2 FY27.

Sources