Yatra Online slips over 2% despite online travel service provider returning to profitability in Q3
The online ticket booking company returned to profitability to a consolidated profit of Rs 1 crore in the December quarter from a loss of Rs 5.60 crore Year-on-Year (YoY).
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Yatra Online Share Price: Yatra Online shares were trading in negative territory on BSE on Thursday (December 15, 2024) despite the online travel service provider returning to profitability in the December quarter for the first time after getting listed.
The stock of Yatra Online was trading down by 2.27 per cent, or Rs 3.95, at Rs 170.20 at 11:21 am on Thursday.
Yatra Online Q3 Results
The online travel service provider returned to profitability with a consolidated profit of Rs 1 crore in the December quarter from a loss of Rs 5.60 crore Year-on-Year (YoY).
The company's revenue from operations jumped 11.1 per cent to Rs 110 crore in the quarter under review from Rs 90 crore in the same quarter last fiscal.
Yatra Online's EBITDA for the December quarter skyrocketed by 54.1 per cent to Rs 3.7 crore from Rs 2.4 crore.
The firm's margin also improved to 3.3 per cent in the quarter under review from 2.6 per cent in the corresponding period last fiscal.
Yatra Online listed on September 28 and filed its first quarterly results in the same month.
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