# EDGAR Filing Document

**Accession Number:** 0001516899
**File Stem:** 0000000000-23-002530
**Filing Date:** 2023-3
**Character Count:** 8551
**Document Hash:** a8853cfd7018801e8631ce6099b100e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002530.hdr.sgml**: 20230908

**ACCESSION NUMBER**: 0000000000-23-002530

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230315

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yatra Online, Inc.
- **CENTRAL INDEX KEY:** 0001516899
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **IRS NUMBER:** 980484894
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** GULF ADIBA, PLOT NO. 272, 04TH FLOOR
- **STREET 2:** UDYOG VIHAR, PHASE-II, SECTOR-20
- **CITY:** GURGAON
- **STATE:** K7
- **ZIP:** 122008
- **BUSINESS PHONE:** 650-843-5214

**MAIL ADDRESS:**
- **STREET 1:** GULF ADIBA, PLOT NO. 272, 04TH FLOOR
- **STREET 2:** UDYOG VIHAR, PHASE-II, SECTOR-20
- **CITY:** GURGAON
- **STATE:** K7
- **ZIP:** 122008
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-020860

## Text-Extract

```

United States securities and exchange commission logo

                            March 15, 2023

       Anuj Kumar Sethi
       Principal Financial Officer
       Yatra Online, Inc.
       Gulf Adiba, Plot No. 272
       4th Floor, Udyog Vihar, Phase-II
       Sector-20, Gurugram - 122008
       Haryana , India

                                                        Re: Yatra Online, Inc.
                                                            Form 20-F for the
Fiscal Year Ended March 31, 2022
                                                            Filed August 1,
2022
                                                            File No. 001-37968

       Dear Anuj Kumar Sethi:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. In some of our comments, we
may ask you to
       provide us with information so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 20-F for the Fiscal Year Ended March 31, 2022

       Certain Non-IFRS Measures, page 115

   1.                                                   We note you present the
non-GAAP measure, Adjusted Revenue, for each of your
                                                        segments and in total
and that it is derived by adding customer promotional expenses to
                                                        revenue and subtracting
service cost related to your Hotels and Packages Segment. Please
                                                        address the following
points:

                                                              As it appears the
adjustments to calculate Adjusted Revenue have the effect of
                                                            presenting revenue
on a basis other than IFRS, tell us how you considered Question
                                                            100.04 of the
Non-GAAP Financial Measures Compliance and Disclosure
                                                            Interpretations and
concluded that Adjusted Revenue does not substitute individually
                                                            tailored revenue
recognition and measurement methods for those of IFRS;
 Anuj Kumar Sethi
Yatra Online, Inc.
March 15, 2023
Page 2

                Tell us why service cost is deducted from revenue to arrive at
a non-IFRS measure of
              revenue. In this regard, we note that Adjusted Revenue does not
appear to be a
              measure of revenue as it contemplates a non-revenue line item in
the calculation.
Notes to the Consolidated Financial Statements
5. Segment Information, page F-28

2.       We note you disclose    segment revenue    for the purpose of
presenting your    segment
         results   , which appears to be your measure of segment profit or loss
under IFRS 8. Please
         address the following points:

                Confirm that segment results is your measure of segment profit
or loss;

                Provide us your basis under IFRS 8 to support your presentation
of segment revenue.
              In this regard, we note that in determining segment revenue, you
exclude promotional
              expenses that are recorded as a reduction of revenue under
IFRS15.

       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Joanna Lam at 202-551-3476 or Steve Lo at 202-551-3394
with any
questions.

FirstName LastNameAnuj Kumar Sethi                            Sincerely,
Comapany NameYatra Online, Inc.
                                                              Division of
Corporation Finance
March 15, 2023 Page 2                                         Office of Energy
& Transportation
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

DIVISION OF
CORPORATION FINANCE

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

March 15, 2023

Anuj Kumar Sethi
Principal Financial Officer
Yatra Online, Inc.
Gulf Adiba, Plot No. 272
4th Floor, Udyog Vihar, Phase-II
Sector-20, Gurugram - 122008
Haryana , India

**Re: Yatra Online, Inc.**

**Form 20-F for the Fiscal Year Ended March 31, 2022**

**Filed August 1, 2022**

**File No. 001-37968**

Dear Anuj Kumar Sethi:

We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments.

Form 20-F for the Fiscal Year Ended March 31, 2022

Certain Non-IFRS Measures, page 115

1. We note you present the non-GAAP measure, Adjusted Revenue, for each of your segments and in total and that it is derived by adding customer promotional expenses to revenue and subtracting service cost related to your Hotels and Packages Segment. Please address the following points:

- As it appears the adjustments to calculate Adjusted Revenue have the effect of presenting revenue on a basis other than IFRS, tell us how you considered Question 100.04 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations and concluded that Adjusted Revenue does not substitute individually tailored revenue recognition and measurement methods for those of IFRS;

Anuj Kumar Sethi
Yatra Online, Inc.
March 15, 2023
Page 2

- Tell us why service cost is deducted from revenue to arrive at a non-IFRS measure of revenue. In this regard, we note that Adjusted Revenue does not appear to be a measure of revenue as it contemplates a non-revenue line item in the calculation.

Notes to the Consolidated Financial Statements

5. Segment Information, page F-28

2. We note you disclose “segment revenue” for the purpose of presenting your “segment results”, which appears to be your measure of segment profit or loss under IFRS 8. Please address the following points:
- Confirm that segment results is your measure of segment profit or loss;
- Provide us your basis under IFRS 8 to support your presentation of segment revenue. In this regard, we note that in determining segment revenue, you exclude promotional expenses that are recorded as a reduction of revenue under IFRS15.

In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

You may contact Joanna Lam at 202-551-3476 or Steve Lo at 202-551-3394 with any questions.

Sincerely,

Division of Corporation Finance
Office of Energy & Transportation