MakeMyTrip, India’s leading travel service provider, has announced its unaudited financial and operating results for the fiscal first quarter ended June 30, 2024. The company reported its highest-ever gross bookings and revenue, showcasing a robust start to the fiscal year.
In the first quarter of the fiscal year 2025, the company reported impressive financial growth. The Gross Bookings reached USD2,380.4 million, marking a 21.6 per cent increase from the same period last year. Revenue as per IFRS also saw a significant rise, hitting USD254.5 million, up 31.4 per cent from USD196.7 million in Q1 FY24. Additionally, the Adjusted Operating Profit grew by 29.9 per cent, amounting to USD39.1 million. Despite facing income tax expenses of USD8.5 million, the company managed a profit of USD21 million, up from USD18.6 million in Q1 FY24, thanks to a reversal of deferred tax assets.
The Air Ticketing segment showed a strong performance with an adjusted…