Yatra Online, Inc. Announces Unaudited Earnings Results for the Third Quarter Ended December 31, 2017
January 30, 2018 at 09:26 am EST
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Yatra Online, Inc. announced unaudited earnings results for the third quarter ended December 31, 2017. For the quarter, the company reported revenue was INR 3,360,443,000 as compared to INR 2,387,226,000 for the same period last year. Loss from operations was INR 631,750,000 as compared to INR 282,231,000 for the same period last year. Profit for the period was INR 232,311,000 as compared to loss of INR 4,613,916,000 for the same period last year. Adjusted LBITDA was INR 388,255,000 as compared to INR 187,140,000 for the same period last year.
Yatra Online, Inc. is an India-based company, which is the ultimate parent company of Yatra Online Limited (Yatra India). Yatra India provides corporate travel services with over 800 corporate customers and 50,000 registered small and medium enterprise customers. Leisure and business travelers use Yatra India's mobile applications, its Website, and its other offerings and services to explore, research, compare prices and book a range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. Its customers can review and book flights on all major Indian and international airlines, and accommodations at approximately 108,000 hotels in 1,500 cities and towns in India, as well as more than two million hotels around the world. The Company's segments include Air Ticketing, Hotels and Packages, and Other Services.