Yatra Online, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 31, 2024 at 01:45 am IST
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Yatra Online, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 1,072.76 million compared to INR 1,194.27 million a year ago. Net income was INR 5.2 million compared to INR 6.28 million a year ago. Basic earnings per share from continuing operations was INR 0.08 compared to INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 0.08 compared to INR 0.09 a year ago.
For the full year, revenue was INR 4,238.2 million compared to INR 3,827.27 million a year ago. Net loss was INR 317.49 million compared to INR 289.24 million a year ago. Basic loss per share from continuing operations was INR 4.98 compared to INR 4.59 a year ago. Diluted loss per share from continuing operations was INR 4.98 compared to INR 4.59 a year ago.
Yatra Online, Inc. is an India-based company, which is the ultimate parent company of Yatra Online Limited (Yatra India). Yatra India provides corporate travel services with over 800 corporate customers and 50,000 registered small and medium enterprise customers. Leisure and business travelers use Yatra India's mobile applications, its Website, and its other offerings and services to explore, research, compare prices and book a range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. Its customers can review and book flights on all major Indian and international airlines, and accommodations at approximately 108,000 hotels in 1,500 cities and towns in India, as well as more than two million hotels around the world. The Company's segments include Air Ticketing, Hotels and Packages, and Other Services.