Yatra Online Q2 results: Net loss widens to ₹17.1 crore, revenue up 14%
₹17.1 crore, as per the consolidated financial results declared by the travel services provider on November 14. In the corresponding period of the previous fiscal year, the company had reported a net loss of ₹1.56 crore. Whereas, in the preceding quarter ended June 2023, Yatra had logged a net profit of ₹5.9 crore.
Even as the company's net loss grew on annual basis, its revenue from operations increased by 14 percent on-year to ₹94.1 crore in Q2FY24, as compared to ₹82.4 crore in Q2FY23. Sequentially, the operational revenue was down 14.5 percent from ₹101.1 crore in the first quarter. Also Read: Details about Yatra's recently launched IPO Yatra's total expenses during the September 2023 quarter came in at ₹113.6 crore, higher as against ₹105.3 crore in the preceding quarter and ₹90.5 crore in the year-ago period.
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The total comprehensive income was in the negative, at a loss of ₹17.2 crore, as compared to a loss of ₹2.6 crore in Q2FY23. In the first quarter of this fiscal, however, the total comprehensive income was positive, as it came in at ₹6 crore.
Also Read: Travel demand between September-November 2023 to remain high The net loss before tax during the second quarter stood at ₹16.2 crore, higher as compared to the net loss excluding tax of ₹72 lakh in the year-ago period. In Q1FY24, the company had reported net profit before tax of ₹7.3 crore. In the last trading session on November 13, Yatra's scrip settled at ₹138.30 apiece on the BSE, down 0.54 percent as against the previous day's close.Milestone Alert!
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