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Yatra.com losses narrow to Rs 4.83Cr in Q1-FY18, revenue up by 15% YoY

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Online travel company, Yatra.com's losses narrowed down to Rs 4.83 crore for the quarter ended June 2017 (Q1-FY18) from a loss of Rs 83.02 crore in the previous quarter. Losses for the same quarter last year were Rs 8.09 crore. However, the company’s overall revenue grew by 15.3% YoY to Rs 302.92 crore during the quarter. Total Revenues were also up by 13.3% QoQ from Rs 262.63 crore in Q4FY17. It posted Rs 163.4 crore in revenue (less service cost) for the quarter ended June 2017, which is up by 33.8% YoY. On the acquisition of ATB Yatra also revised its revenue (less service cost) guidance to 35% to 40% for the fiscal year 2018 (FY18) from the earlier guidance of 30% to 35%. The company’s Co-Founder and CEO Dhruv Shringi said that the company raised revenue guidance for FY18 after its acquisition of Air Travel Bureau Ltd in July. Yatra added that the acquisition will allow it to grow its revenue organically. "The combined entity of Yatra and ATB now has the potential to access a captive consumer base of over 4.0 million people who are employed in the over 650 large and medium scale enterprise customers that the entity will service," Shrigi added. Hotels and Packages Revenue: The Hotels and Packages business increased by 38.8% YoY to Rs 43.84 crore for the period, from Rs 31.58 crore in the same period last year. Net Revenue Margin stood at 13% during the quarter.  Gross Bookings: The total amount paid by hotel/package customers for travel services…

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