MakeMyTrip Q3 results: Net profit rises 12% to $27 million

NASDAQ-listed MakeMyTrip on Thursday reported an almost 12% rise in its net profit at $27.1 million in the December quarter on higher gross bookings.

The travel service provider firm had reported a net profit of $24.2 million in the year-ago period.

According to International Financial Reporting Standards (IFRS), revenue grew by 26.2% Year-on-Year (YoY) in constant currency to $267.4 million in the third quarter of FY25 against $214.2 million in Q3 FY24.

The adjusted operating profit registered growth of 37.6% and reached $46 million in Q3 FY25 compared to $33.4 million a year ago, the Gurugram-based said.

Its gross bookings rose 26.8% to $2.61 billion during the October-December quarter, from $2.08 billion in the corresponding period of the previous financial year.

"The Indian travel and tourism sector is witnessing robust growth, reflecting a strong desire among travellers to explore new horizons. While Indian destinations continue to shine, many countries have made significant efforts to attract Indian travellers.

"Our strong performance this quarter reflects these macro trends, along with our focused execution and commitment to customer centricity," Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, said.

Mohit Kabra, Group Chief Financial Officer at MakeMyTrip, said, "Our robust financial performance this quarter across all lines of business underscores our strong execution of strategic priorities and the resilience of the travel sector. Our disciplined approach to cost management, combined with targeted investments in technology and customer experience, has enabled us to capitalise on growing travel demand and drive profitable growth".

MakeMyTrip has four revenue streams -- Air Ticketing; Hotels and Packages; Bus Ticketing; and Others.