Yatra Online's shares experienced significant volatility today following the announcement that its co-founder, Dhruv Shringi, has resigned from the CEO position. The news sent shockwaves through the market, leading to a sharp sell-off in the company's shares, while while the stock initially plunged, it managed to recover some of its losses by the end of the trading day, indicating a mixed reaction from investors. This development comes at a time when the company had recently. Reported solid financial growth, adding to the surprise among market participants.
Dhruv Shringi, the co-founder of Yatra Online, has stepped down from his role as CEO with immediate effect. This marks a pivotal leadership change for the online travel and accommodation booking services provider. However, Shringi has not left the company entirely; instead, he has been appointed as the Executive Chairman of the Board. According to information provided in exchange filings, in his new capacity, Dhruv Shringi will focus on guiding the company's long-term vision, with an emphasis on global expansion, innovation, and enhancing shareholder value creation. This strategic shift aims to benefit from his extensive experience for broader corporate strategy rather than day-to-day operations.
Introducing the New CEO: Siddharth Gupta
Following Shringi's transition, Yatra Online has immediately appointed Siddharth Gupta as the new CEO. Siddharth Gupta brings a wealth of experience to his new role, boasting over 25 years in the enterprise technology and B2B SaaS segments, while the company has highlighted that Gupta has held significant positions at major global technology firms such as SAP, HP, and various high-growth SaaS companies, both within India and internationally. His extensive background is expected to bolster Yatra Online's technological capabilities and. Strengthen its position in the B2B segment, driving innovation and operational excellence.
Immediate Market Reaction and Stock Performance
The announcement of the CEO's resignation had an immediate and pronounced impact on Yatra Online's stock. During intra-day trading on the BSE, the shares tumbled by 7. 68%, hitting a low of ₹160. 45. This sharp decline was a direct reflection of investor apprehension and a wave of selling pressure. Nevertheless, the stock showed considerable recovery from its intra-day lows, closing at ₹172. 25, a marginal decline of 0. 89% on the BSE. This recovery suggests that some investors viewed the dip as a buying opportunity, preventing a more severe collapse of the share price.
Solid Financial Health of Yatra Online
Despite the leadership change, Yatra Online has demonstrated strong financial performance in its recent reports. For the second quarter of the current fiscal year 2025 (July-September 2025), the company reported a significant year-on-year revenue growth of 48, while 4%, reaching ₹350. 8 crore. During the same period, the company's net profit surged by an impressive 94. 5%, almost doubling to ₹14. 2 crore. Operationally, Yatra Online's operating profit, or EBITDA, more than doubled year-on-year in the September quarter, rising from ₹9 crore to ₹23. 7 crore, while concurrently, the operating margin also improved from 3. 8% to 6. 8%, indicating enhanced operational efficiency and profitability.
Yatra Online's Journey in the Stock Market
Yatra Online made its debut on the domestic stock market approximately two years ago, on September 28, 2023, while the company's ₹775 crore IPO saw shares issued to investors at a price of ₹142. Its listing day performance was sluggish, entering the market at about a 12% discount and failing to surpass its IPO price throughout the day, while however, the stock has since embarked on a remarkable journey. It hit a one-year low of ₹65. 70 on March 12, 2025. From this low, the shares surged by 207. 23% in just eight months, reaching a record high of ₹201, while 85 on November 17, 2025, effectively more than tripling investor wealth. Today's decline should be viewed in the context of this significant long-term growth, where a key leadership transition has introduced short-term volatility, while the company's strategic direction and the new CEO's experience are expected to positively influence its future performance.
