The shares of one of India’s leading travel service providers surged 6 percent on Tuesday’s trading session after an 844 percent rise in net profits in Q3 FY25.
Price Action
With a market capitalization of Rs 1,451.47 crore, Yatra Online Ltd surged 6 percent on Tuesday’s trading session and made an intraday high of Rs 99.30 per share compared to its previous closing price of Rs 93.25 per share.
The stock retraced from its day’s high and was trading at Rs 92.50 which is 0.8 percent lower than the previous closing price.
What Happened
The shares of Yatra Online Ltd jumped after the company reported its Q3FY24-25 results. Its revenue from operations grew by 113 percent year on year from Rs 110.3 crore to Rs 235.2 crore in Q3FY25. However on a quarterly basis, it fell 0.5 percent from Rs 236.4 crore in Q2FY25.
The net profits also soared by 844 percent from Rs 1.06 crore compared to Rs 10.01 crore in the same period previous year. On a quarterly basis, the net profit rose 37 percent from Rs. 7.3 crore.
Further, the company’s EPS substantially increased by 814 percent year on year from Rs 0.07 to Rs 0.64. On a quarterly basis, it rose by 39 percent from Rs 0.46.
Company Overview
Yatra Online Ltd is one of India’s leading travel services providers, engaged in giving pricing and other booking information for domestic as well as international customers. The company’s market strategy spans the entire value chain of travel and hospitality including both B2C and B2B segments.
With a customer base of approximately 849 large corporations and 15 million registered customers, Yatra is the largest corporate travel player in the country. The company also has the highest number of hotel and accommodation tie-ups amongst key OTA (online travel agency) players.
Written by Shwetha Sairam
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