Yatra Online, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Reiterate Earnings Guidance for the Fiscal Year 2019
January 31, 2019 at 06:06 am EST
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Yatra Online, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported total revenue of INR 3,360,443,000 compared to INR 2,204,740,000 a year ago. Results from operations was negative at INR 631,750,000 compared to INR 325,920,000 a year ago. Profit for the period was INR 232,311,000 compared to INR 137,512,000 a year ago. Basic earnings per share was INR 7.09 compared to INR 3.10 a year ago. Diluted earnings per share was INR 6.38 compared to INR 2.90 a year ago.
For the nine months, the company reported total revenue of INR 8,962,841,000 compared to INR 7,100,168,000 a year ago. Results from operations was negative at INR 2,177,687,000 compared to INR 1,966,473,000 a year ago. Loss for the period was INR 3,671,053,000 compared to INR 334,347,000 a year ago. Basic loss per share was INR 106.31 compared to INR 7.04 a year ago.
The company reiterated earnings guidance for the fiscal year 2019. For the year, the company reiterated guidance of over 20% growth in adjusted revenue with a meaningful improvement in adjusted EBITDA loss driven by operating leverage and efficiencies.
Yatra Online, Inc. is an online travel company. The Company provides travel services to corporate and consumers. It allows leisure and business travelers to explore, research, compare prices and book a range of services catering to their travel needs through its Website and mobile applications, and other associated platforms. It operates through three segments: Air Ticketing, Hotels and Packages, and Other Services. Its services include domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. The Company also provides access through its platform to hotels, homestays, and other accommodations. Its applications include Yatra, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay. Its other services consist of rail tickets, bus tickets, taxi rentals and ancillary value-added services, such as travel insurance, visa processing and tickets for activities and attractions.
Yatra Online, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018; Reiterate Earnings Guidance for the Fiscal Year 2019