It turns out YU's next device will be called Yunicorn, and it will be unveiled at an event in New Delhi on May 19. This will apparently be "the phone that will redefine flagships", according to the official event invite which you can see below.
YU's Yureka Note was launched just last month, and now the Micromax spinoff is ready for yet another device. The Yunicorn might be priced below INR 15,000, and is likely to run stock Android. No other details about it are known at this point. However, if the Yunicorn turns out to be the YU5530 that got benchmarked a while ago, then expect it to have the MediaTek Helio X10 at the helm, and 4GB of RAM.
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Source: GSM Arena