MakeMyTrip profit zooms 24% in lean travel September quarter

NEW DELHI: The largest online travel agency (OTA) in India — MakeMyTrip — has posted an operating profit of $37.5 million this Q2, 33% more than same period last fiscal. Its gross booking value this Q2 stood at $2.3 billion, 24.3% higher than same period last year. The growth has been seen in the traditionally slow July-Sept quarter.
MakeMyTrip group CEO Rajesh Magow said: “We managed to deliver this strong performance across all our business segments leveraging our brand and distribution strength and despite the short-term headwinds due to unusual heavy rainfall that impacted demand momentum a bit in an otherwise traditionally low season quarter for leisure travel.”