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 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…
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