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Yatra posts profit of Rs 23 crore for Q3FY18

TRAI in-flight internet

Online travel company, Yatra.com posted profit of Rs 23 crore for the quarter ended December 2017 (Q3FY18). The company had posted losses at Rs 461 crore in the same quarter last year, and losses of  Rs 78 crore in the previous (Q2FY18) quarter.

Total revenues at the company stood at Rs 336 crore for the quarter increasing 40.8% from Rs 239 crore in the same quarter last year. Sequentially, total revenues increased by 30.4% from Rs 257.5 crore. Revenue Less Service Cost increased to Rs 196 crore, representing an increase of 45.6% year-on-year (YoY).

Yatra’s EBITDA loss for the quarter was at Rs 39 crore compared to the EBITDA loss of Rs 19 crore in the same quarter last year.

Hotels and Packages

Revenue: The Hotels and Packages business increased by 37.3% YoY to Rs 184 crore for the period, from Rs 134 crore in the same period last year.
Net Revenue Margin stood at 12.5% during the quarter.

Gross Bookings: The total amount paid by hotel/package customers for travel services booked via Yatra stood at Rs 350 crore for the quarter. Gross bookings increased by 29.4% YoY from Rs 270 crore.

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Standalone room nights: The number of nights spent by the company’s customers (Room Nights) on its hotel listings was at 504,000 in Q3FY18, up by 37.8% YoY.

Air Ticketing

Revenue: The air/flight ticket booking business generated revenues of Rs 137 crore, up 46% YoY from Rs 94 crore revenue in the same quarter last year. Net Revenue Margin was at 6.8% during Q3FY18.

Gross Bookings: The total amount paid by Yatra customers for air tickets stood at Rs 2040 crore, up 47.8% YoY from Rs 1380 crore. The company said that the growth was driven by growth in the overall Air market in India of 17.8% and the continued shift from offline to online.
Air passengers booked in the quarter stood at 2.3 million an increase of 31% from 1.7 million in Q3FY18.

Marketing costs

Marketing and sales promotion expenses increased by 66% to Rs 103 crore in Q3FY18 from Rs 62 crore in the three months ended December 30, 2016 primarily on account of increases due to brand marketing campaigns, consumer promotions and loyalty incentive programs and the impact of consolidation of Air Travel Bureau.

Personnel costs

Personnel expenses increased by 70.1% to Rs 72 crore in the quarter from Rs 42 crore in Q3FY17. The increase was primarily on account of consolidation of Air Travel Bureau and an increase in employee share-based payment expense to Rs 13 crore in Q3FY18 from Rs 3 crore in Q3FY17.

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