Yatra Online’s Record-Breaking Quarter: A Corporate Travel Juggernaut in the Making

4 months ago

Karan’s Substack

"YTRA (earnings update): India's largest corporate travel provider (1300+ corporates, 58k SMEs) posts record Q1 FY26: 108% YoY rev growth to ₹209.8cr, 247% EBITDA growth to ₹24.2cr (21% margin), 296% profit growth to ₹16cr. 95% debt reduction. MICE segment contributes 35-40% EBITDA. Risk: historical negative cash flow."

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