MakeMyTrip Limited, India’s leading travel service provider, today announced its unaudited financial and operating results for the fiscal third quarter ended December 31, 2024.
Business & Financial Highlights | Q3 FY25
| Q3 FY25 ($ Million) | Q3 FY24 ($ Million) | YoY Change (Constant Currency) |
|---|---|---|
| Gross Bookings | 2,612.4 | 2,088.3 |
| Revenue (IFRS) | 267.4 | 214.2 |
| Adjusted Margin | ||
| – Air Ticketing | 93.8 | 79.2 |
| – Hotels and Packages | 121.9 | 98.8 |
| – Bus Ticketing | 35.0 | 26.9 |
| – Others | 19.8 | 13.0 |
| Results from Operating Activities | 34.7 | 22.6 |
| Adjusted Operating Profit (Adjusted EBIT) | 46.0 | 33.4 |
| Profit for the Period | 27.1 | 24.2 |
Key Highlights:
- Revenue as per IFRS grew by 26.2% YoY in constant currency to $267.4 million in Q3 FY25, up from $214.2 million in Q3 FY24.
- Adjusted Operating Profit saw a 37.6% YoY increase, reaching $46.0 million in Q3 FY25 compared to $33.4 million in Q3 FY24.
- Profit for Q3 FY25 was $27.1 million, compared to $24.2 million in Q3 FY24.
Management Comments:
Rajesh Magow, Group CEO, MakeMyTrip, commented:
“The Indian travel and tourism sector is witnessing robust growth, reflecting a strong desire among travelers to explore new horizons. While Indian destinations continue to shine, many countries have made significant efforts to attract Indian travelers. Our strong performance this quarter reflects these macro trends, along with our focused execution and commitment to customer centricity.”
Mohit Kabra, Group CFO, MakeMyTrip, added:
“Our robust financial performance this quarter across all lines of business underscores our strong execution of strategic priorities and the resilience of the travel sector. Our disciplined approach to cost management, combined with targeted investments in technology and customer experience, has enabled us to capitalize on growing travel demand and drive profitable growth.”
