On a quarterly basis, MakeMyTrip posted a profit of $ 171.9 million in quarter four of fiscal year 2024, up from $ 5.4 million in quarter four of financial year 2023. The company said this includes 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 its convertible notes due 2028 measured at amortised cost.
MakeMyTrip reported a revenue of $ 782.5 million for financial 2024, up from $ 593 million in fiscal year 2023. The company posted a revenue of $ 202.9 million in the fourth quarter of financial year 2024, up from $ 148.5 million in quarter four of financial year 2023.
Rajesh Magow, group CEO of MakeMyTrip, said Indians are embracing the call to travel with a newfound enthusiasm with both leisure and business-related travel demand…