Announcing its Q3 unaudited financial results for FY2023-24, travel aggregating platform MakeMyTrip Limited witnessed a substantial growth of 21.7 per cent Year-over-Year (YoY) in constant currency. Its gross bookings reached $2,088.3 million in Q3 FY24, up from $1,738.2 million in Q3 FY23.
The company claimed that this was its highest-ever quarterly gross bookings, revenue and profit, showcasing remarkable success in key performance indicators. It attributed this performance to robust travel demand during the seasonal quarter.
MakeMyTrip’s adjusted operating profit demonstrated a substantial YoY growth of 69.5 per cent, reaching $33.4 million in Q3 FY24 compared to $19.7 million in Q3 FY23. According to International Financial Reporting Standards (IFRS), the company’s revenue experienced a significant YoY growth of 26.9 per cent in constant currency, amounting to $214.2 million in Q3 FY24 compared to $170.5 million in Q3 FY23. Its Earnings Before Interest, Taxes,…