SUMMARY
- The online travel aggregator Yatra saw its consolidated net profit drop by 32.5% YoY to Rs 4.04 crore in Q1 FY25 from Rs 5.99 crore in Q1 FY24.
- The revenue for the first quarter of the current fiscal year was Rs 100.80 crore, marking an 8.5% YoY drop and a 6.3% QoQ decline.
- The total expenses for the first quarter of the current fiscal year were Rs 104.75 crore, a decrease of 0.5% from Rs 105.3 crore in Q1 FY24.
The online travel aggregator Yatra saw its consolidated net profit drop by 32.5% YoY to Rs 4.04 crore in Q1 FY25 from Rs 5.99 crore in Q1 FY24. On a QoQ basis, the profit fell by about 27% from Rs 5.57 crore to Rs 4.04 crore.
The revenue for the first quarter of the current fiscal year was Rs 100.80 crore, marking an 8.5% YoY drop and a 6.3% QoQ decline.
During Q1 FY25, Yatra managed to reduce its expenses slightly, mainly due to lower marketing costs, payment gateway fees, and servicing expenses. However, the cost of employee benefits remained a significant expense.
The total expenses for the first quarter of the current fiscal year were Rs 104.75 crore, a decrease of 0.5% from Rs 105.3 crore in previous fiscal year’s first quarter but a decline of 7% from Rs 113.67 crore in Q4 FY24.
The cost of employee benefits increased by 29% to Rs 33.7 crore in the first quarter of the current fiscal year from Rs 26.1 crore in the same period last year.
The service cost fell more than 5% YoY to Rs 20.3 crore in the quarter ending June 2024 from Rs 20.9 crore in the same quarter of FY24. Meanwhile, the company’s other expenses rose by more than 14% to Rs 22.9 crore in the quarter under review from Rs 19.9 crore in Q1 FY24.
Unlike its competitors, which focus more on consumer travel (B2C), such as MakeMyTrip, ixigo, and EaseMyTrip, Yatra primarily serves business-to-business (B2B) and business-to-business-to-consumer (B2B2C) clients. Additionally, it has been expanding its range of products to better meet the needs of various business sectors.
In June, the online travel aggregator acquired the remaining 45% stake in Adventure and Nature Network Private Limited (ANN), a platform specializing in adventure tourism, for an upfront payment of Rs 98 lakhs. Earlier in the year, it introduced a solution aimed at helping global and domestic businesses manage their expenses.
