Yatra Online Limited stated on Wednesday that its Group Chief Financial Officer (CFO), Rohan Purshottamdas Mittal, has resigned from his position.
Mittal, who joined as CFO in September 2022, resigned on March 10 for wanting to explore new career opportunities, the company revealed in its stock exchange filing.
The firm also added that his last date of work would be decided through mutual consultations to ensure a smooth handover. Yatra Online, however, has not yet announced who will succeed him as the CFO.
Yatra Online shares have been on a declining trend, closing 2.33 per cent lower at ₹65.95 on the Bombay Stock Exchange (BSE) on Wednesday.
In the last five days, the stock lost ₹6.10, or an 8.25 per cent fall. In the previous month, it has fallen by ₹16.68, which is a 19.74 per cent loss.
The downtrend goes on further, with the share price dipping by ₹73.59 in the last six months, erasing over 52 per cent of its value. In the last one year, Yatra Online's share price has lost about 55 per cent of its value.
The 52-week high for the stock was at ₹182 per share, while the 52-week low was at ₹91.97 per share.
While the stock did not do well, Yatra Online delivered robust financial numbers in Q3. Revenue for the company increased to ₹235 crore, which is considerably higher than ₹110 crore for the same quarter last year. EBITDA saw a virtual fourfold increase, moving up to ₹13.6 crore from ₹3.6 crore, while the margins improved to 5.8 per cent from 3.3 per cent.
Net profit also experienced an exponential year-on-year (YoY) growth, jumping more than nine times to ₹10 crore from ₹1.1 crore in the previous year.
Yatra Online's market capitalisation as of December 31, 2024, was ₹1,467.32 crore. The company had cash, cash equivalents, and term deposits amounting to ₹182.8 crore.
Also, in the quarter, Yatra Online paid back ₹24.5 crore of debt, bringing its total liabilities down to ₹3.25 crore, according to its filing.
Read also| India's Venture Capital Funding Soars 43% to $13.7 Billion in 2024
