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GURUGRAM, India - Yatra Online, Inc. (NASDAQ: YTRA), a prominent Indian corporate travel services provider, has been notified by the Nasdaq Stock Market of a potential delisting due to its share price not meeting the required minimum. The notice, dated April 15, 2025, states that Yatra’s shares failed to maintain the minimum closing bid price of $1.00 over the period from March 3, 2025, to April 14, 2025. According to InvestingPro data, the stock has declined about 52% over the past year, currently trading at $0.68, significantly below its 52-week high of $1.75.
The company, which also ranks as one of India’s leading online travel companies, has until October 13, 2025, to regain compliance with the Nasdaq’s minimum bid price requirement. To achieve this, Yatra’s share price must close at $1.00 or higher for at least 10 consecutive business days within the 180-day period provided by Nasdaq. Despite current price challenges, InvestingPro analysis shows analysts maintain a bullish outlook with a target price of $3.06, suggesting significant potential upside. Subscribers to InvestingPro can access 14 additional investment insights about Yatra, including detailed valuation metrics and growth prospects.
If compliance is not met by the initial deadline, Yatra may qualify for an additional 180-day period to meet the requirement, contingent on meeting all other initial listing standards, with the exception of the bid price. The company has expressed its intention to monitor the situation closely and may consider a reverse stock split among other options to regain compliance. However, there is no certainty that Yatra will achieve compliance within the given timeframe or maintain other listing requirements. InvestingPro data reveals the company maintains a healthy current ratio of 2.22 and holds more cash than debt on its balance sheet, potentially providing financial flexibility during this challenging period.
Yatra Online serves over 1200 corporate customers and offers a range of travel-related services, including bookings for flights, hotels, holiday packages, and more. The company boasts a network of approximately 108K hotels and homestays in India and around 2 million worldwide. According to InvestingPro data, the company has demonstrated strong revenue growth of 55.7% in the last twelve months, and analysts forecast continued growth in the current fiscal year.
This announcement comes with the standard caution that forward-looking statements involve risks and uncertainties, and actual results may differ materially from those projected. Yatra’s situation reflects the broader challenges faced by companies in maintaining compliance with stock exchange regulations.
The information in this article is based on a press release statement from Yatra Online, Inc.
In other recent news, Yatra Online reported a 113% year-over-year increase in revenue for the third quarter of fiscal year 2025, though the revenue of INR 2,350,000,000 fell short of market forecasts. The company’s gross margin grew by 25%, and adjusted EBITDA increased by 173% year-over-year. Despite the revenue miss, Yatra Online showed strong performance in its Meetings, Incentives, Conferences, and Exhibitions (MICE) segment, with a 65.8% increase in adjusted hotel and packages margin. The firm also expanded its corporate travel business by adding 50 new corporate customers during the quarter. Analyst Scott Buck from H.C. Wainwright revised the price target for Yatra Online to $3.00 from the previous $4.00 while maintaining a Buy rating, citing ongoing challenges in the business-to-consumer travel sector. The company is also exploring potential simplifications in its legal and corporate structure, which could positively impact its U.S.-listed shares. Yatra continues to focus on high-margin businesses, including its MICE and hotel segments, while maintaining cost discipline.
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