- Yatra Online, Inc. YTRA reported third-quarter adjusted sales growth of 42.5% year over year to $17.997 million, beating $11.96 million consensus.
- The increase in revenue was mainly due to a recovery in the private and business travel business.
- Adjusted airline ticketing revenue increased 39.2% year over year to $12.2 million. Hotel and Packages revenue grew 20.6% year over year to $3.1 million.
- Total gross bookings (airline tickets, hotels and packages and others) totaled $191.1 million, an increase of 33.4 y/y.
- Adjusted EBITDA was $0.4 million, down 18.2% Y/Y.
- Adjusted EPS loss was $(0.03).
- Yatra Online held $13.1 million in cash and equivalents.
- Price promotion: YTRA shares closed at $1.90 on Monday.
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