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YATRA ONLINE LTDYATRA ONLINE LTDYATRA ONLINE LTD

YATRA ONLINE LTD

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YATRA trade ideas

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.
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by JeenaTS