Yatra Online (YTRA) has released an update.
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Yatra Online, Inc. reports a revenue drop of 5% year-over-year to INR 1,050.7 million for the quarter ending June 30, 2024, amidst declining air ticketing volumes in the competitive B2C market. Despite this, the company’s corporate travel segment has shown significant growth, adding 34 new accounts with a potential of INR 2,028 million and exploring strategic M&A opportunities. Yatra Online is optimistic about its MICE business as a future growth driver and is working on a restructuring proposal to enhance shareholder value.
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