Yatra Promoter Offloads Shares Worth ₹45 Cr In A Bulk Deal

Yatra’s promoter entity, THCL Travel Holding Cyprus Ltd, has sold 28.33 Lakh shares through a bulk deal at a price of INR 158.05 per share. The promoter entity, which held 57.4% stake or 9.01 Cr shares in the company at the end of the December quarter, has netted a total of ₹44.8 Cr from the deal. 

THCL, formerly named Yatra Online (Cyprus) Limited, is a wholly-owned subsidiary of Yatra used as a holding vehicle for the parent company. Yatra’s founders, Dhruv Shringi and Manish Amin, hold a minority stake in THCL, with certain shares held in their names purely in a nominee capacity on behalf of THCL, and not in their individual or promoter capacities.

Important to mention that the promoter has maintained its 57.4% stake in Yatra since its listing in 2023. Pursuant to deal today, its shareholding in the company will decline to 8.72 Cr shares. 

The block deals come less than a week after Yatra disclosed its financial performance for the December 2025 quarter (Q3 FY26). In the quarter, the company’s net profit slumped 17% YoY and 42% QoQ to ₹10 Cr.

The company attributed the decline in its net profit to a one-time statutory charge of ₹3.8 Cr due to the implementation of the new labour codes during the quarter under review. The company recorded a 124% YoY jump in its EBITDA to ₹72.9 Cr. 

On the other hand, Yatra’s operating revenue increased 9% YoY to ₹256.8 Cr. However, its top line declined 27% from ₹350.8 Cr recorded in the previous quarter.

Post the disclosures, brokerage firm JM Financial downgraded Yatra to “Add” from its erstwhile “Buy” rating. The firm also cut its price target (PT) by 22% for the shares to ₹180 from ₹230. 

While bookings rose over 21% YoY across both air and hotels despite industry headwinds, higher customer incentives — which increased to 3% of gross bookings — compressed margins, leading to an EBITDA miss of about 15% versus estimates, JM Financial observed. The brokerage believes this reflects a trade-off between growth and profitability, prompting it to cut revenue, margin and earnings forecasts for FY26–28.

However, since the financial disclosures, Yatra’s shares have gained close to 4% to end today’s trading session at ₹155.5. Its shares fell 3.98% during today’s trading session. 

The post Yatra Promoter Offloads Shares Worth ₹45 Cr In A Bulk Deal appeared first on Inc42 Media.