Yatra Online, Inc.

Hello, everyone, and welcome to Yatra's first quarter fiscal 2027 financial results call for the period ended June 30th, 2026. I am pleased to be joined on the call today by Yatra's Executive Chairman Dhruv Shringi, CEO Siddhartha Gupta, and CFO Anuj Sethi. The following discussion, including responses to your questions, reflects the management's views as of today, August 13, 2026. We do not undertake any obligation to update or revise the information. Before we begin our formal remarks, let me remind you that certain statements made on today's call may constitute forward-looking statements which are based on management's current expectations and beliefs and are subject to several risks and uncertainties that could cause actual results to differ materially. For a description of these risks, please refer to our filings with the SEC and our press release filed earlier this morning on the IR section of our website. With that, let me turn the call over to Dhruv. Dhruv, please go ahead.

Thank you, Ellen, and good morning, everyone. Thank you for joining us on this conference call to discuss our first quarter-ended 2027 earnings. As you might have seen in social media and our marketing campaigns, we recently completed 20 years of taking Indians to work and helping Indians get off from work, an accomplishment we are very proud of. As we look back, I would like to reflect on a few of the key strengths that have shaped Yatra over the past two decades. First, the trust in our brand from over and Anuj Kumar Sethi. Our corporate customer base also continues to rise consistently. with retention rates in excess of 97%. For nearly 20 years, technology has been at the core of our business, enabling us to continuously evolve with the changing needs of travelers and enterprises. Over this period, we have built and defined a comprehensive travel technology ecosystem covering booking, travel management, expense management, automation, and analytics, which support more than 1,300 large and mid-sized enterprise customers across India, and now with our partnership with Kanu Travels, we will be extending our reach into the Middle East as well. We believe the capabilities we have built over the last two decades provide a strong foundation for the next phase of Yatra's AI-driven growth as AI becomes an integral layer across our platform, making travel simpler for users, smarter for enterprises, and more efficient for our own operations.

We believe that AI can fundamentally change the economics of managed travel.