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 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…

Please subscribe/login to read the full story.
Written By

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

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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