Online travel company Yatra Online saw its revenue and profitability decline in the first quarter of FY27, even as its overall bookings continued to grow. The company’s revenue from operations fell 10.4% year-on-year (YoY) to Rs 187.9 crore in Q1 FY27 from Rs 209.8 crore in the same quarter last year. Total income, including other income, stood at Rs 192 crore during the quarter, down from Rs 215.4 crore a year earlier. Yatra’s profit after tax (PAT) declined sharply by 98% to Rs 34 lakhs from Rs 16 crore in Q1 FY26. The company’s expenses also remained high during the quarter. Service costs stood at Rs 65.2 crore, while employee benefit expenses rose to Rs 45.6 crore from Rs 39.6 crore a year earlier. Other expenses increased to Rs 47.3 crore from Rs 37.2 crore. Finance costs almost doubled to Rs 4.6 crore from Rs 2.4 crore in the year-ago quarter. Depreciation and amortisation expenses also rose 22% to Rs 11.2 crore. Despite the weak financial performance, Yatra continued to see growth in bookings. Its gross bookings increased 17% YoY to around Rs 2,101 crore in Q1 FY27. According to the investor presentation, its adjusted EBITDA also grew to Rs 21.6 crore from Rs 20.6 crore in the year-ago period. The contrasting performance shows the pressure on Yatra’s reported profitability despite healthy booking growth. The company has been focusing on higher-margin segments such as corporate travel, hotels and packages, while its MICE business has faced pressure from geopolitical di…

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