Yatra Online Share Price Extends Rally as Strong Q2 Results Trigger Upbeat Brokerage Calls

Contents

Strong Q2 Performance Renews Confidence: Profit Nearly Doubles Strengthened Liquidity: Gross Debt Nearly Halved Brokerages Turn Bullish as Earnings Momentum Strengthens Why the Yatra Online Share Price Is Rallying: Key Drivers Momentum Likely to Stay Strong in the Near Term

The Yatra Online share price continued its sharp upward trajectory on November 13, surging up to 6 percent intraday and extending a three-session rally that has now delivered over 35 percent gains. The momentum comes on the back of the company’s strong Q2 FY26 results, released on November 11, which have sparked an enthusiastic response from market participants and domestic brokerages.

With the stock hitting a 52-week high of ₹196.30 in the previous session and continuing to attract fresh buying interest, Yatra Online has emerged as one of the standout performers in the broader mid-cap and digital services space this week.

Strong Q2 Performance Renews Confidence: Profit Nearly Doubles

The upbeat movement in the Yatra Online share price reflects the company’s robust performance in the July–September quarter. Yatra reported a consolidated net profit of ₹14.28 crore, nearly double the ₹7.3 crore reported in Q2 of the previous financial year.

Revenue growth was equally impressive.
The company’s revenue from operations jumped over 48% YoY to ₹350.87 crore, up from ₹236.40 crore in Q2 FY25. This surge was driven by strong traction in the Hotels & Packages (H&P) business, improved corporate travel demand, and increased platform activity.

Importantly, EBITDA grew 125% YoY to ₹24.8 crore, and the EBITDA margin expanded to 20%, signalling improving operating leverage and cost efficiencies.

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Strengthened Liquidity: Gross Debt Nearly Halved

Along with growth in profitability and revenue, Yatra Online showcased a significant improvement in liquidity. Gross debt reduced from ₹54.6 crore in March to ₹21.1 crore in September, highlighting disciplined balance sheet management.

CEO Dhruv Shringi expressed confidence in the company’s growth trajectory, stating:

“We remain focused on scaling high-margin segments, enhancing our technology capabilities, and driving sustainable long-term value. With strong momentum, we are raising our Adjusted EBITDA guidance for FY26 to 35–40%, up from the earlier 30%.”

This upgraded guidance further supported the rally in the Yatra Online share price.

Brokerages Turn Bullish as Earnings Momentum Strengthens

Brokerage houses were quick to revise their outlook following Yatra’s Q2 performance, citing strong operational momentum, an improving revenue mix, and financial discipline.

JM Financial: Target Price Raised to ₹215; ‘Buy’ Rating Maintained

JM Financial reiterated its ‘Buy’ rating, raising the target price from ₹190 to ₹215 per share.
This implies over 16% upside potential from the last closing price.

The brokerage highlighted:

Strong Hotels & Packages segment performance
Upgraded FY26 revenue guidance
Margin expansion ahead of expectations
Steady corporate client addition improving visibility

“We continue to build above-guidance estimates due to strong corporate traction and operating leverage,” the brokerage noted.

Antique Stock Broking: Target Price Raised to ₹230; ‘Buy’ Rating

Antique also maintained a ‘Buy’ rating, increasing its target price to ₹230, indicating over 24% upside potential.
The firm expects Yatra’s FY26 PAT to rise to ₹60 crore, backed by continued corporate demand, better margins, and rising consumer travel trends.

With multiple brokerages reaffirming positive views, sentiment around the Yatra Online share price remains firmly bullish.

The three-day, 35% jump in the Yatra Online share price is being fuelled by:

Strong YoY profit growth and expanded margins
Improved liquidity with sharp debt reduction
Upgraded guidance from the company
Bullish brokerage commentary and higher target prices
Sector-wide momentum driven by recovery in travel, leisure, and corporate mobility

Momentum Likely to Stay Strong in the Near Term

The combination of operational improvement, strategic focus on high-margin businesses, and a stronger balance sheet has positioned Yatra Online favourably in the competitive online travel services market. Analysts expect the stock to remain on investors’ radar as long as profitability and corporate travel demand continue to improve.

With the Yatra Online share price decisively breaking out to new highs, market watchers anticipate further upside if delivery volumes remain strong and institutional buying continues.