MakeMyTrip posted a profit of $171.9 million in its fourth quarter (Q4) results in the 2023-24 fiscal year (FY24) on Wednesday. The travel platform said that the profit in the quarter included a one-time credit of $126.1 million ‘on recognition of deferred tax assets and a one-time gain of $30.6 million due to the change in carrying value of our convertible notes due 2028 measured at amortized cost’.
Sharing the results via an official filing, the company said that its revenue climbed to $202.9 million in the January-March quarter in FY24, against a revenue of $148.5 million in the corresponding quarter a year earlier. The firm clocked a 38.1 per cent jump in revenue on a year-on-year (YoY) basis.
The adjusted operating profit of the company gained 70.4 per cent to $32.4 million in the quarter under review, against $19 million in the corresponding quarter a year earlier. The travel provider witnessed robust growth across its air bookings, hotel and packages,…