wordpress blog stats
Connect with us

Hi, what are you looking for?

Yatra revenues down 7%, loss of Rs 31 Cr in Q1FY19

TRAI in-flight internet

Online travel agency Yatra.com posted a loss of Rs 31.2 crore for the quarter ended June 2018 (Q1FY19). The company’s losses had narrowed in the same quarter last year (Q1FY18) to Rs 4.83 crore, but expanded from the Rs 38 crore loss posted in the previous quarter (Q4 FY18).

Total revenues stood at Rs 280 crore for the quarter, down 7.28% from Rs 302 crore in the same quarter last year. Adjusted Revenue increased to Rs 204 crore, up 24.8% on year.

Yatra said that it has replaced its ‘Revenue less service costs’ line item with ‘Adjusted revenue’. Explaining the change, the company said, “Adjusted Revenue is broadly similar to the earlier Revenue less Service Cost or Net Revenue number and represents revenue and other income after deducting service costs and adding back expenses related to consumer promotions and loyalty program costs that have been reduced from revenue due to the adoption of new accounting standard, IFRS 15, effective from April 1, 2018.”

Yatra’s adjusted EBITDA loss for the quarter was at Rs 40.7 crore, down 33.3% from the corresponding quarter last year.

Hotels and Packages

Advertisement. Scroll to continue reading.
  • Revenue: The Hotels and Packages business was muted, up 0.4% YoY to Rs 182.67 crore for the quarter, from Rs 183 crore in the same period last year.
  • Net Revenue Margin stood at 12.9% during the quarter as compared to 13% a year ago.
  • Gross Bookings: The total amount paid by hotel/package customers for travel services booked via Yatra stood at Rs 408.6 crore for the quarter, up 21.2% from Rs 337 crore in the same quarter last year.
  • Standalone room nights: The number of nights spent by the company’s customers (Room Nights) on its hotel listings was at 579,000 in Q1FY19, up by 23.5% YoY.

Air Ticketing

  • Revenue: The air flight ticket booking business generated revenues of Rs 86.8 crore, down 18.34% YoY from Rs 106.3 crore revenue in the same quarter last year.
  • Net Revenue Margin was at 5.2% during Q1FY19 as against 6.1% in the corresponding quarter last year.
  • Gross Bookings: The total amount paid by Yatra customers for air tickets stood at Rs 2430 crore, up 40.2% YoY from Rs 1740 crore. The number of passengers who booked air tickets via Yatra.com in the quarter stood at 2.37 million, up 26.3% from Q1FY18.

Marketing costs

Marketing and sales promotion expenses decreased by a staggering 75.2% to Rs 28.6 crore in Q1FY19 from Rs 115.3 crore in the same quarter last year. However, adding the expenses for consumer promotions and loyalty program costs, which have been subtracted from Revenue per IFRS 15, Yatra’s marketing spend would have been Rs 102.3 crore, 11.3% lower year-over-over for the quarter

Personnel costs

Personnel expenses increased by 8.5% to Rs 78.63 crore in the quarter from Rs 72.4 crore in Q1FY18.

Download: Press release ; SEC earnings filing 

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ