The company’s net loss has widened to ₹17.1 crore, while its revenue has seen an increase of 14%.
Yatra Online, one of India’s leading online travel companies, has reported its financial results for the second quarter of the fiscal year. The company’s net loss has widened to ₹17.1 crore, while its revenue has seen an increase of 14%.
Despite the challenging circumstances posed by the ongoing pandemic, Yatra Online has managed to increase its revenue, demonstrating resilience and adaptability in its business model. However, the company also reported a net loss, which has expanded from the previous quarter.
The increase in revenue can be attributed to the gradual recovery of the travel industry, with more people starting to travel again as restrictions ease. The company’s diverse portfolio of travel services, including flight bookings, hotel reservations, and holiday packages, has played a significant role in driving this growth.
On the other hand, the widened net loss indicates the ongoing struggles faced by the travel industry amidst the pandemic. Increased operational costs, fluctuating travel restrictions, and consumer uncertainty have all contributed to this financial outcome. Yatra Online continues to navigate through these challenging times, focusing on cost optimization and enhancing its service offerings to drive growth and improve profitability in the future.