New Delhi, Jan 23 (IANS): Online travel company MakeMyTrip on Tuesday announced its highest-ever quarterly gross bookings in the third quarter (Q3) of FY24, with net profit reaching $24.2 million, from 0.2 million in the same quarter in last fiscal year.
Gross bookings grew by 21.7 per cent (year-on-year) to $2,088.3 million in Q3 FY24 from $1,738.2 million in Q3 FY23.
EBITDA grew by 105.6 per cent (YoY) to $29.4 million in Q3 FY24 compared to $14.3 million in Q3 FY23, said the company in a statement.
“During this seasonally strong quarter, we witnessed robust demand for leisure travel across all domestic and international destinations leading to the highest-ever quarterly gross bookings, revenue, and profit for the Group,” said Rajesh Magow, Group Chief Executive Officer, MakeMyTrip.
“From a consumer perspective, the growing disposable incomes of the middle class in…