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.
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; management guides 30% adjusted EBITDA growth for FY27.
Why this matters
Yatra's Q4 stumble breaks an otherwise strong FY26 where revenue crossed ₹1,000 Cr for the first time. Corporate travel pipeline (55 new clients) and FY27 guidance signal management's confidence despite MICE softness.
Retail-company signals steady at 993 over 90 days, indicating consistent corporate disclosure flow.
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