{"id":4336,"date":"2018-08-17T13:47:43","date_gmt":"2018-08-17T13:47:43","guid":{"rendered":"http:\/\/www.technologyforyou.org\/?p=4336"},"modified":"2018-08-17T13:47:43","modified_gmt":"2018-08-17T13:47:43","slug":"yatra-online-inc-announces-results-for-the-three-months-ended-june-30-2018","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/yatra-online-inc-announces-results-for-the-three-months-ended-june-30-2018\/","title":{"rendered":"Yatra Online, Inc. Announces Results for the Three Months Ended June 30, 2018"},"content":{"rendered":"<p><strong>GURGAON,\u00a0\u00a0<span class=\"m_-184111543517920600xn-chron\">August\u00a0 17, 2018<\/span>\u00a0 :\u00a0<\/strong> \u00a0Yatra Online, Inc.,\u00a0<span class=\"m_-184111543517920600xn-location\">India&#8217;s<\/span>\u00a0leading online travel company, today announced its unaudited financial and operating results for the three months ended\u00a0<span class=\"m_-184111543517920600xn-chron\">June 30, 2018<\/span>.<\/p>\n<p>&#8220;We delivered another quarter of robust growth while also delivering a meaningful reduction in our adjusted EBITDA loss through a combination of efficiency in our consumer promotions and reduction in our operating costs. The integration of Air Travel Bureau Limited (&#8220;ATB&#8221;) continues on track and we are beginning to realize the initial cost synergies, the full impact of which will be reflected in \u00a0subsequent quarters. The macro environment of the Indian aviation industry is facing some headwinds on account of rising oil prices and weakening currency; however, we remain confident that our multichannel approach will enable us to deliver over 20% growth in Adjusted revenue in the current year as well, with a meaningful improvement in our adjusted EBITDA,&#8221; said\u00a0<b><span class=\"m_-184111543517920600xn-person\">Dhruv Shringi<\/span>, Co-founder and CEO.<\/b><\/p>\n<p>Yatra Online, Inc.&#8217;s financial and operating results for the three months ended\u00a0<span class=\"m_-184111543517920600xn-chron\">June 30, 2018<\/span>, include 100% of the financial and operating results of ATB, in which we acquired a majority stake on\u00a0<span class=\"m_-184111543517920600xn-chron\">August 4, 2017<\/span>.<\/p>\n<p><b>Financial and operating highlights<\/b>\u00a0for the three months ended\u00a0<span class=\"m_-184111543517920600xn-chron\">June 30, 2018<\/span><b>:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Revenue<\/b>\u00a0reached INR 2.8 billion (<span class=\"m_-184111543517920600xn-money\">USD 0.04 billion<\/span>).<\/li>\n<li><b>Total Gross Bookings (Air Ticketing and Hotels and Packages)<\/b>\u00a0reached INR 28.4 billion (<span class=\"m_-184111543517920600xn-money\">USD 0.4 billion<\/span>) representing YOY growth of 37.1%.<\/li>\n<li><b>Adjusted<\/b>\u00a0<b>Revenue<\/b>\u00a0increased to INR 2,040.3 million (<span class=\"m_-184111543517920600xn-money\">USD 29.8 million<\/span>), representing an increase of 24.8%. Adjusted Revenue represents revenue less service costs.<\/li>\n<li><b>Adjusted Revenue\u00a0\u00a0from Hotels and Packages<\/b>\u00a0increased to INR 528.1 million (<span class=\"m_-184111543517920600xn-money\">USD 7.7 million<\/span>), representing an increase of 20.5% YOY.<\/li>\n<li><b>Standalone Hotel Room Nights Booked<\/b>\u00a0during the quarter were 0.6 million, representing an increase of 23.5% YOY.<\/li>\n<li><b>Adjusted<\/b>\u00a0<b>Revenue\u00a0\u00a0from Air Ticketing<\/b>\u00a0increased to INR 1,254.7 million (<span class=\"m_-184111543517920600xn-money\">USD 18.3 million<\/span>), an increase of 18.0% YOY.<\/li>\n<li><b>Gross Air Passengers Booked\u00a0<\/b>were 2.4 million representing YOY growth of 26.3%.<\/li>\n<li><b>Adjusted EBITDA<sup>\u00a0<\/sup>\u00a0Loss<\/b>\u00a0of INR 407.2 million (<span class=\"m_-184111543517920600xn-money\">USD 5.9 million<\/span>) representing a YOY decrease of 33.3%.<\/li>\n<li><b>Loss for the period\u00a0<\/b>of INR 311.7 million (<span class=\"m_-184111543517920600xn-money\">USD 4.6 million<\/span>).<\/li>\n<\/ul>\n<p><b><u>About Yatra Online, Inc and Yatra Online Pvt Ltd<\/u><\/b><\/p>\n<p>Yatra Online, Inc is the parent company of Yatra Online Pvt Ltd which is based in Gurugram,\u00a0<span class=\"m_-184111543517920600xn-location\">India<\/span>\u00a0and is one of\u00a0<span class=\"m_-184111543517920600xn-location\">India&#8217;s<\/span>\u00a0leading online travel companies and operates the website Yatra.com. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, home stays and cruises. As a leading platform of accommodation options, Yatra provides real-time bookings for more than 92,000 hotels in\u00a0<span class=\"m_-184111543517920600xn-location\">India<\/span>\u00a0and over 800,000 hotels around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GURGAON,\u00a0\u00a0August\u00a0 17, 2018\u00a0 :\u00a0 \u00a0Yatra Online, Inc.,\u00a0India&#8217;s\u00a0leading online travel company, today announced its unaudited financial and operating results for the three months ended\u00a0June 30, 2018. &#8220;We delivered another quarter of robust growth while also delivering a meaningful reduction in our adjusted EBITDA loss through a combination of efficiency in our consumer promotions and reduction in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,724],"tags":[786,787,727,785],"class_list":{"0":"post-4336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-others","7":"category-travel-technology","8":"tag-online-travel-booking","9":"tag-online-travel-company","10":"tag-travel-technology","11":"tag-yatra-online"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/4336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=4336"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/4336\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=4336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=4336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=4336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}