Shares of Yatra Online saw a sharp uptick — gaining around 35 % over three sessions — after the company released its second-quarter results for FY26.
Quarterly Highlights
-
Yatra’s consolidated net profit soared to ₹14.28 crore in Q2 (July-September FY26), up from approximately ₹7.3 crore in the same quarter last year.
-
Revenue from operations rose ≈48 % year-on-year to ₹350.87 crore, up from ₹236.40 crore in Q2 FY25.
-
EBITDA jumped significantly (~125 % YoY) to ₹24.8 crore during the quarter, with margins landing around 20 %.
-
Gross debt fell from ₹54.6 crore in March to ₹21.1 crore in September, improving the company’s liquidity profile.
Outlook & Analyst Sentiment
Based on the strong Q2 showing, brokerages have raised their target prices:
-
JM Financial lifted its target from ₹190 to ₹215, while maintaining a ‘Buy’ rating, pointing to ~16 % potential upside from the prior close.
-
Antique Stock Broking upgraded its target to ₹230 per share (~24 % upside), and anticipates FY26 PAT to reach ~₹60 crore.
Management also raised full-year guidance: revenue growth (less service costs) now expected at ~22-23% (from 20%), and adjusted EBITDA growth at ~35-40% (up from 30%+).
What to Watch
-
The strong performance in Q2 and the favourable outlook suggest Yatra Online is gaining momentum in the travel‐tech segment.
-
Key levers: growth in its “Hotels & Packages” vertical (H&P), improving operating leverage, corporate client wins and margin expansion.
-
Risk factors: execution ahead in high growth, margin sustainability, and macro factors such as travel demand, cost inflation, and competition.
-
For investors, the recent share rally reflects optimism — but ensuring that subsequent quarters maintain this momentum will be important.
Disclaimer: This summary is for informational purposes only and not investment advice. Always consult a qualified financial advisor before making investment decisions.