Trading in tight range Yatra online is trading in tight range after breaking from its ipo price. We will be targeting for new highs from the current support range.
- Yatra Online Limited's Q3 FY'24 earnings call highlighted strong quarterly results with a 26% year-over-year growth in air passenger segment, surpassing industry benchmarks.
- The company emphasized its market leadership in corporate travel, signing 26 new corporate customers with significant billing potential, including a notable deal with Aramco Asia India.
- Despite challenges in IT and IT sectors affecting travel spend, Yatra remains optimistic about recovery, leveraging its user-friendly platform.
- Revenue from hotels and packages business reached INR 445.6 million in the quarter, expected to gain momentum and positively impact operating performance.
- Financial highlights include gross revenue of INR 4.46 billion, a sharp reduction of almost 51% in gross debt, signaling improved financial health and outlook.
