India’s leading online travel agency (OTA), MakeMyTrip has announced its quarter 3 financial results ended on December 31, 2024 reporting highest-ever performance in terms of gross bookings, revenue and profits year on year basis. The record growth is attributed to strong travel demand in one of the highest travel seasons in the market.
Gross Bookings grew by 21.7 percent at constant currency to USD 2088.3 in Q3 2024 compared to Q3 FY23. The gross booking value in Q3 FY23 was USD1,738.2 million. The revenue of the company as per IFRS grew by 26.9 percent y-o-y in constant currency to USD 214.2 million in Q3 2024 from USD 170.5 million, during the same period a year ago.
EBITDA grew by 105.6 percent y-o-y to USD 29.4 million in Q3 FY24 compared to USD 14.3 million in Q3 FY23. The Adjusted Operating Profit registered a growth of 69.5 percent y-o-y and reached USD 33.4 million in Q3 FY24 compared to USD 19.7 million in Q3 FY23.
Among the various…