Yatra Online, Inc. (NASDAQ: YTRA) operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers.
Yatra Online, Inc. is the parent company of Yatra Online Pvt. Ltd. which is based in Gurugram, India, and is India’s leading Corporate Travel services provider, with over 800 corporate customers, and one of India’s leading online travel companies. Yatra operates the website Yatra.com and provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs.
March 11, 2019. Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that it has sent a letter to the Board of Yatra Online, Inc. (YTRA), outlining its offer to acquire 100% of the outstanding stock of Yatra Online for $7 per share on a debt-free basis. Ebix intends to merge Yatra Online in its Indian EbixCash subsidiary set up. Ebix’s offer is subject to due diligence and customary regulatory and other closing conditions.
The Ebix offer, based on approximately 48 million Yatra Online diluted shares outstanding, represents an 84% premium to Yatra Online’s closing share price of $3.80 as of March 8, 2019. Yatra Online stock has traded between $3.70 to $8.16 in the last 12 months. The offer contemplates the assumption of all Yatra Online receivables, cash and restricted cash worth at least $25 million at the time of closing and other assets, with all liabilities being paid for by Yatra Online concurrent to the closing of the transaction.
Yatra Online, Inc. operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers. It offers its services through its Website, yatra.com. The company also provides its services through mobile applications that comprise Yatra, a mobile interface; Yatra Mini, a multi-lingual, mass-market Android application that provides customers with ready access to rail and bus bookings, as well as budget hotels; Yatra Web Check-In, an application for flight check-in process for travelers; Yatra Corporate, a self-booking application for business customers; Travelguru HomeStay, an application that connects homeowners and travelers to facilitate homestay booking; and Yatra Hoteliers DESTranet, an application for hotel owners and operators to update and manage their inventories, rates, and check-in process. It serves approximately 3.7 million customers. The company was incorporated in 2005 and is headquartered in Gurugram, India.
Customers can review and book flights on all major Indian and international airlines and can book accommodations at more than 101,000 hotels in more than 1,300 cities and towns in India as well as more than 1,000,000 hotels around the world. To ensure that their service is truly a “one-stop shop” for travelers, they also provide customers with access to over 1,000 holiday packages and more than 43,000 activities.
YTRA has a FYE of March 30
Data for the quarter ended 12-31-18:
Revenue reached INR 2,204.7 million (USD 31.7 million).
Adjusted Revenue increased to INR 2,331.3 million (USD 33.5 million), representing an increase of 16.6% YOY.
Adjusted Revenue from Hotels and Packages increased to INR 483.2 million (USD 6.9 million), representing an increase of 10.5% YOY.
Adjusted Revenue from Air Ticketing increased to INR 1,448.1 million (USD 20.8 million), representing an increase of 5.7% YOY.
Total Gross Bookings (Air Ticketing and Hotels and Packages) reached INR 26.4 billion (USD 0.4 billion), representing YOY growth of 10.3%.
Standalone Hotel Room Nights Booked during the quarter were 0.6 million, representing an increase of 19.2% YOY.
Gross Air Passengers booked were 2.5 million, representing YOY growth of 7.8%.
Adjusted EBITDA Loss of INR 154.3 million (USD 2.2 million) representing a 60.3% improvement YOY.
Profit for the period of INR 137.5 million (USD 2.0 million).
The company is exposed to credit risk from its operating activities (primarily trade receivables), including deposits with banks and financial institutions, foreign exchange transactions and other financial instruments.
The Company currently does not have any hedging agreements or similar arrangements with any counter-party to cover its exposure to any fluctuations in foreign exchange rates
On Monday, March 11, 2019, YTRA shares were at $5.20 on traded volume of 4.0 million shares. The current RSI (14) is 71.61
At $5.20, YTRA shares are trading above their 50 DMA of $4.40 and below their 200 DMA of $5.24
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