Online travel platform Yatra reported steady revenue growth in the third quarter of FY26, even as its net profit slipped into single digits amid higher operating costs.
Revenue Growth Continues
Yatra’s revenue from operations rose to Rs 257 crore in Q3 FY26, up from Rs 235 crore in the corresponding quarter last year, according to its consolidated unaudited financials filed with the NSE.
Including Rs 4.5 crore from financial income, the company’s total income stood at Rs 261.5 crore, compared to Rs 241 crore in Q3 FY25.
For the nine-month period ended December, Yatra’s operating revenue surged 43% year-on-year to Rs 817 crore, up from Rs 572 crore in the same period last fiscal, reflecting sustained recovery in corporate and leisure travel demand.
Cost Structure and Margins
Service costs remained the largest expense head, accounting for 52% of total expenditure at Rs 129 crore during the quarter. Employee benefit expenses stood at Rs 43 crore, while spending on marketing, legal, IT infrastructure, and other overheads pushed total expenses to Rs 249 crore in Q3 FY26.
The higher cost base weighed on profitability.
Profit Declines Sequentially
Yatra’s net profit declined 20% year-on-year to Rs 8 crore, compared to Rs 10 crore in Q3 FY25. On a sequential basis, profit fell 43% from Rs 14 crore reported in Q2 FY26.
Despite margin pressure, the company remains profitable, supported by improving travel volumes and operating leverage over the longer term.
Market Performance
Following the results, Yatra’s shares closed at Rs 153, up 4.66% for the day. The company’s market capitalisation stood at approximately Rs 2,399 crore ($264 million).
While revenue momentum remains intact, the key monitorable going forward will be cost discipline and margin expansion as the travel sector stabilises in FY26.
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