MakeMyTrip Q1: Profit Jumps 13% To $21 Mn On Robust Travel Demand

MakeMyTrip Q1: Profit Jumps 13% To $21 Mn On Robust Travel Demand

SUMMARY

Revenue rose more than 31% to $254 Mn in Q1 FY25 from $196 Mn in the same quarter last fiscal

MakeMyTrip attributed the growth to increasing government investments in travel infrastructure, rising disposable incomes and increasing propensity to travel

The surge also largely came on the back of broad-based growth across its three verticals – air ticketing, hotel packages, and bus ticketing

Online travel aggregator MakeMyTrip’s net profit jumped 13.1% year-on-year (YoY) to $21 Mn in the quarter ended June 2024. The company’s net profit stood at $18.59 Mn in the year-ago quarter. 

In a regulatory filing, the Nasdaq-listed startup said that its revenue rose more than 31% to $254 Mn in the first quarter (Q1) of the financial year 2024-25 (FY25) from $196 Mn during the same quarter last fiscal.

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