MAKEMYTRIP LIMITED

Latest Results (28.12.2024):

Revenue Growth

MakeMyTrip Limited reported a significant increase in revenue for the fiscal second quarter ended September 30, 2024. The company generated $211.0 million in revenue, marking a 25.1% increase from the $168.7 million reported in the same quarter of the previous year. This growth was primarily driven by robust travel demand in India, both domestically and internationally.

Air Ticketing Performance

In the fiscal second quarter of 2025, MakeMyTrip Limited's air ticketing business saw a revenue increase of 25.6% to $61.0 million, compared to $48.6 million in the same period of the previous year. The Adjusted Margin for air ticketing also rose by 19.7% to $96.0 million, reflecting strong demand for air travel in India.

Hotels and Packages Segment

The hotels and packages segment of MakeMyTrip Limited experienced a revenue growth of 15.5% in the fiscal second quarter of 2025, reaching $103.2 million. The Adjusted Margin for this segment increased by 19.9% to $90.7 million, driven by a 17.5% rise in hotel-room nights booked, indicating a strong demand for travel accommodations.

Bus Ticketing Growth

MakeMyTrip Limited's bus ticketing business reported a revenue increase of 25.4% to $24.8 million in the fiscal second quarter of 2025. The Adjusted Margin for bus ticketing rose by 24.3% to $27.1 million, supported by a 21.4% increase in the number of bus tickets sold, highlighting the growing popularity of bus travel in India.

Profitability Improvements

For the fiscal second quarter of 2025, MakeMyTrip Limited achieved an Adjusted Operating Profit of $37.5 million, up from $28.2 million in the previous year, reflecting a $9.3 million improvement. Additionally, the Adjusted Net Profit increased to $40.7 million from $27.8 million, showcasing the company's enhanced profitability and operational efficiency.