Yatra, the prominent online travel agency (OTA), reported a net loss of INR 4.5 crore for the fiscal year 2024, marking a significant shift from its previous performance.
The company’s consolidated net profit saw a 37% decline in the fourth quarter (Q4) of FY24, dropping to INR 5.57 crore from INR 8.96 crore in the corresponding period of the previous year.
Despite a challenging year, Yatra’s operating revenue for FY24 increased by 11% year-on-year (YoY) to INR 422.3 crore. However, the company faced a 10% YoY decline in operating revenue for Q4 FY24, which fell to INR 107.7 crore.
The OTA attributed part of its fiscal challenges to fluctuating market conditions and evolving consumer behavior in the travel sector. Nevertheless, Yatra expanded its corporate client base, adding 25 new corporate accounts during Q4 FY24, indicating a strategic focus on enhancing its B2B segment to drive future growth.
Yatra’s efforts to diversify and expand its services amidst a volatile economic landscape reflect its commitment to long-term growth and resilience. The company continues to adapt its business strategies to meet market demands, aiming to recover and build a stronger foundation for the upcoming fiscal years.
