The company’s profit for Q1 FY25 stood at $21 million, including income tax expenses of $8.5 million due to a reversal of deferred tax assets. In the first quarter of the last fiscal, the company posted a profit of $18.6 million.
The company’s revenue, as per International Financial Reporting Standards (IFRS), grew by 31.4% year-over-year (YoY) in constant currency, reaching $254.5 million in Q1 FY25, up from $196.7 million in the same period last year.
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Adjusted operating profit also saw an increase, rising by 29.9% year-over-year to $39.1 million in Q1 FY25, compared to $30.1 million in Q1 FY24.
MakeMyTrip reported gross bookings of $2.38 billion for Q1 FY25, a significant increase from $1.98 billion in Q1 FY24….
