Yatra Q4 profit tanks 46% as MICE cancellations bite; FY26 PAT still up 28%
Q4 net profit fell to ₹8.2 Cr on ₹189 Cr revenue (-14% YoY) as geopolitical tensions triggered MICE cancellations. Full-year held up: FY26 PAT ₹46.8 Cr (+28%), revenue ₹1,006.5 Cr (+27.2%), EBITDA ₹12.6 Cr (+45.5%). 55 new corporate clients added; shares rose 5.29% to ₹101.45 on FY27 guidance of 30% adjusted EBITDA growth.
What happened
Yatra's Q4 FY26 net profit fell 46% YoY to ₹8.2 Cr on 14% revenue decline, hit by MICE cancellations from geopolitical tensions. FY26 PAT rose 28% to ₹46.8 Cr;
Key facts
- Q4 PAT ₹8.2 Cr (-46.1% YoY)
- Q4 revenue ₹189 Cr (-14% YoY)
- FY26 PAT ₹46.8 Cr (+28%)
- FY26 revenue ₹1,006.5 Cr (+27.2%)
- EBITDA ₹12.6 Cr (+45.5%)
- 55 new corporate customers
- shares +5.29% to ₹101.45
Why this matters
55 new corporate logos and a depressed Q4 print make Yatra an interesting tuck-in candidate at ₹101 if MICE-exposed peers are looking to consolidate B2B travel share.
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