Operator

Hello, everyone, and welcome to Yatra's Fiscal Fourth Quarter and Full Year 2026 Financial Results Call for the period ended March 31, 2026. Today's call is hosted by Yatra's Co-Founder, Dhruv Shringi; Yatra's CEO, Siddhartha Gupta; and Yatra's CFO, Anuj Sethi.

The following discussion, including responses to your questions, reflect the management's views as of today, May 25, 2026. The company does not take any obligation to update or revise the information. Before they begin their formal remarks, please be reminded that certain statements made on this call may constitute forward-looking statements, which are based on Yatra 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 Yatra's filings with the SEC and their press release filed earlier this morning on the IR section of the Yatra website. With that, let me turn the call over to Yatra's Co-Founder, Dhruv Shringi. Dhruv, please go ahead.

Dhruv Shringi
Co-Founder & Executive Chairman

Thank you, operator, and good morning, everyone. Welcome to Yatra's Full Year 2026 and Q4 2026 Earnings Call. Fiscal 2026 has been a landmark year for Yatra. Despite some very significant macro headwinds that impacted 3 out of the 12 months of the year, it is the most profitable year in the company's 20-year history. This strong performance is a testament to the resilience of our business model, our commitment to innovation, the balance in our revenue mix, the quality of our corporate franchise and the dedication of our teams.