Yatra had its best quarter since COVID-19

Yatra’s management is “optimistic” about further growth and success as the Haryana-based online travel agency (OTA) registered its strongest performance in air travel since the onset of the COVID-19 pandemic. The portal posted a 41.5% year-on-year (YoY) increase in the number of air passenger bookings, far exceeding the domestic air passenger industry growth rate of nearly 15% on-year.

“As we move forward, we remain optimistic and committed to leveraging these positive trends to drive further growth and success. We would be somewhere in the mid-high teens in the near term, before getting into hopefully the 20% kind of range over the course of the next three years,” said Dhruv Shringi, the Co-Founder and CEO of Yatra Online, on Tuesday in an exclusive conversation with CNBC-TV18.

Yatra Online posted a modest 2.7% increase in net profit to Rs 5.99 crore for the June quarter, as against Rs 5.82 crore in the corresponding quarter of last year. Its revenue for the first quarter rose by 24% to Rs 110.17 crore, up from Rs 88.96 crore in the same period last year.