Online travel aggregator MakeMyTrip on Tuesday posted its fiscal first quarter profit growth of 12.9 per cent on-year at $21 million in comparison to $18.6 million recorded during the corresponding quarter of previous financial year. It posted revenue as per IFRS at $254.5 million, up 31.4 per cent in constant currency as against $196.7 million during the first quarter of FY24.Â
The company said that the increase in revenue was primarily as a results of an increase of 25.4 per cent (27.2 per cent in constant currency) in revenue from air ticketing business, an increase of 27.5 per cent (29.6 per cent in constant currency) in revenue from hotels and packages business, an increase of 17.2 per cent (19.3 per cent in constant currency) in revenue from bus ticketing business, and an increase of 95.2 per cent (97.2 per cent in constant currency) in revenue from others business. “The increase in revenue was primarily due to the robust travel demand in India
