Leases

12 Months Ended

Mar. 31, 2026

42. Leases

The Group has lease contracts for various items of buildings and other equipment used in its operations. Leases of buildings generally have lease terms between 2 and 9 years, while other equipment generally have lease terms of 3 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. Generally, the Group is restricted from assigning and subleasing the leased assets and some contracts require the Group to maintain certain financial ratios. There are several lease contracts that include extension and termination options and variable lease payments.

The Group also has certain leases of buildings with lease terms of 12 months or less. The Group applies the ‘short term leases’ recognition exemptions for these leases.

(i) Set out below are the carrying amounts of right-of-use assets recognized and the movement during the year;

	Buildings			Others			Total
Balance as of April 1, 2024		139,970			20,067			160,037
Additions		86,914			-			86,914
Deletions		(2,476	)		-			(2,476	)
Depreciation (Refer note 13)		(50,289	)		(11,157	)		(61,446	)
Effects of movements in foreign exchange rates		-			-			-
Balance as of March 31, 2025		174,119			8,910			183,029
Additions		118,785			33,387			152,172
Deletions		-			-			-
Depreciation (Refer note 13)		(51,696	)		(26,214	)		(77,910	)
Effects of movements in foreign exchange rates		-			-			-
Balance as of March 31, 2026		241,208			16,083			257,291

The following are the amounts recognized in profit/(loss):

	2024		2025		2026
	March 31,
	2024		2025		2026
Depreciation expense of right-of-use asset (Refer note 13)		54,271		61,446		77,910
Interest on lease liabilities (Refer note 16)		32,267		32,608		38,101
Expense relating to short-term leases (Refer note 12)		3,646		10,968		15,066
Gain on termination/rent concession of leases (Refer note 10)		-		619		-
Total amount recognized in profit/(loss)		90,184		105,641		131,077

The following is the break-up of current and non-current lease liabilities as of March 31, 2025 and March 31, 2026:

	2025		2026
	March 31,
	2025		2026

Current lease liabilities		51,810		84,920
Non-current lease liabilities		186,339		228,583
Total		238,149		313,503

The following is the movement in lease liabilities during the year ended March 31, 2025 and March 31, 2026:

	2025			2026
	March 31,
	2025			2026

Balance as of April 1		215,742			238,149
Additions		83,019			148,080
Finance cost accrued during the year (Refer note 16)		32,608			38,101
Deletions		(3,123	)		-
Payment of lease liabilities		(90,097	)		(110,827	)
Balance as of March 31		238,149			313,503

The table below provides details regarding the contractual maturities of lease liabilities as of March 31, 2025 and March 31, 2026 on an undiscounted basis:

	March 31,
	2025		2026
Less than one year		79,221		117,496
One to five years		200,579		258,689
More than five years		32,700		14,136
Total		312,500		390,321

ii) Extension Option

Some property leases contain extension options exercisable by the Group for 3-5 years after the end of the non-cancellable contract period. Where practicable, the Group seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable only by the Group and not by the lessors. The Group assesses at lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control.

Yatra Online, Inc.

Notes to the consolidated financial statements

(Amounts in INR thousands, except per share data and number of shares)