The combination of a 10.4% revenue decline, a 62.8% profit collapse, and a massive operating cash burn (-INR 675M) signals fundamental deterioration beyond the MICE headwind. With cash reserves dwindling (INR 260.7M) and current borrowings nearly doubling, liquidity risk is rising. The prior 20-F's disclosure of material internal control weaknesses and a Nasdaq bid price deficiency adds governance overhang. Traders should watch the Aug 13 conference call for any guidance revision or restructuring update; the stock is likely to reprice downward on these numbers.
Price Chart
Executive Summary
Yatra Online's Q1 FY2027 earnings (6-K filed Aug 12, 2026) show a 10.4% YoY revenue decline to INR 1,879M, driven by weakness in the MICE (corporate group travel) segment due to Middle East geopolitical uncertainty. While Gross Bookings grew 16.3% and Adjusted EBITDA rose 4.7%, IFRS net profit plunged 62.8% to INR 40.9M, and operating cash flow turned deeply negative at INR -675M. The results follow the FY2026 annual report (20-F) filed 12 days ago, which flagged material internal control weaknesses and a Nasdaq bid price deficiency, reinforcing a deteriorating fundamental picture.
Key Facts
- Revenue declined 10.4% YoY to INR 1,879.0 million (USD 19.9 million).
- IFRS net profit fell 62.8% YoY to INR 40.9 million (USD 0.4 million).
- Operating cash flow swung from +INR 1,350.5 million to -INR 675.4 million YoY.
- Gross Bookings grew 16.3% YoY to INR 21,006.8 million, but Air Ticketing take rate fell from 7.0% to 6.5%.
- Personnel expenses rose 29.2% YoY, and other operating expenses increased 41.3% YoY.
- Current borrowings surged from INR 704.1 million to INR 1,225.6 million quarter-over-quarter.
- Cash and cash equivalents dropped to INR 260.7 million from INR 562.6 million at the start of the quarter.
Financial Impact
Revenue decline of 10.4% YoY; net profit decline of 62.8% YoY; operating cash flow swing of -INR 2.0 billion YoY
Risk Factors
- Continued MICE weakness from Middle East geopolitical uncertainty
- Further cash burn and potential liquidity strain with only INR 260.7M cash on hand
- Nasdaq delisting risk from bid price deficiency disclosed in prior 20-F
- Material internal control weaknesses per FY2026 annual report
- Rising current borrowings (INR 1,225.6M) vs. declining cash
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (YTRA) — Batch item 1 | 0001493152-26-037330 |
| Document: form6-k.htm | 0001493152-26-037330 |
| Document: 0001493152-26-037330-index-headers.html | 0001493152-26-037330 |
| Document: 0001493152-26-037330-index.html | 0001493152-26-037330 |
| Document: 0001493152-26-037330.txt | 0001493152-26-037330 |
| 6-K Filing (YTRA) — Batch item 6 | 0001493152-26-037330 |
| Document: form6-k.htm | 0001493152-26-037330 |
| Document: 0001493152-26-037330-index-headers.html | 0001493152-26-037330 |
| Document: 0001493152-26-037330-index.html | 0001493152-26-037330 |
| Document: 0001493152-26-037330.txt | 0001493152-26-037330 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | SC 14D-9/A | $0.9360 | awaiting T+20 | — | $0.9540 (+1.92%) |
Sep 18, 2026 5w ago | SC TO-T/A | $1.03 $0.9550 | ▼ −7.28% | ▼ −6.37% | $0.9540 (−7.38%) |
Sep 14, 2026 6w ago | Press Release | $1.01 $0.9399 | ▲ +6.94% | ▲ +9.66% | $0.9540 (+5.54%) |
Aug 12, 2026 10w ago | 6-K | $0.8901 $1.05 | ▼ −17.96% | ▼ −19.71% | $0.9540 (−7.18%) |
Jul 31, 2026 12w ago | 20-F | $0.8840 $1.00 | ▲ +13.12% | ▲ +11.88% | $0.9540 (+7.92%) |
US Market Status
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