MakeMyTrip (NASDAQ:MMYT) Full Year 2023 Results
Key Financial Results
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Revenue: US$593.0m (up 95% from FY 2022).
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Net loss: US$11.3m (loss narrowed by 75% from FY 2022).
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US$0.10 loss per share (improved from US$0.42 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MakeMyTrip Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company’s shares are up 3.8% from a week ago.
Balance Sheet Analysis
While it’s very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of MakeMyTrip’s balance sheet and an in-depth…