MakeMyTrip Limited has reported an all-time high in quarterly revenue and adjusted operating profit (AOP) for its fiscal third quarter ending December 31, 2024. These numbers come as Indian travel demand continues its upward trajectory, driven by a renewed passion for exploration both domestically and internationally.
Financial Performance
The unaudited financial results for Q3 FY25 highlight MakeMyTrip’s significant growth across all segments. Gross bookings surged to $2,612.4 million, a substantial 26.8 per cent increase from $2,088.3 million in Q3 FY24. The company’s revenue under International Financial Reporting Standards (IFRS) also reflected this trend, rising 26.2 per cent year-on-year to $267.4 million from $214.2 million.
Adjusted operating profit showcased even stronger momentum, recording a 37.6 per cent year-on-year rise to $46.0 million, compared to $33.4 million in the corresponding period last year. Meanwhile, net profit for the quarter stood at…
