MakeMyTrip Q2 Results: Company reports profit of $17.8 million on faster than industry growth in air…

Nasdaq listed MakeMyTrip has reported revenues of $211 million in the second quarter of this fiscal, up 24.3% compared to the second quarter of the previous fiscal year. For the quarter ended September 30, 2024, MakeMyTrip reported a profit of $17.9 million, up from $2 million in the second quarter of financial year 2024.

The company reported gross bookings of $2.25 billion in the second quarter of this fiscal year, up 24.3% compared to the corresponding period of the previous fiscal year.

Rajesh Magow, co-founder and group CEO of MakeMyTrip, said the company’s international air ticketing business and internal hotel business continue to witness faster growth than the industry.

“International air ticketing business posted a year on year revenue growth of over 39% in constant currency and now accounts for 38% of the adjusted margin in the air ticketing business compared to 33% in the same quarter last year,” he said.

He said the company’s international hotels outbound business…