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MakeMyTrip revenue grows 79.4% to $152.9 million

11/01/2017| 8:04:13 PM| 中文

For the latest fiscal quarter ended September 30, 2017, revenue increased 79.4% YoY to $152.9 million.

India’s leading online travel company MakeMyTrip Limited today announced its unaudited financial and operating results for its second fiscal quarter ended September 30, 2017.

Key Highlights

* Room nights for MMT India Standalone Hotels booked Online increased by 185.9% YoY in 2Q18.

* Flight segments for air ticketing business increased by 64.6% YoY in 2Q18.

* Revenue increased 79.4% YoY in 2Q18 to USD 152.9 million.

“The strong results delivered in the fiscal second quarter reflect the successful execution of our strategy to deliver high growth with increased operational efficiency leveraging increasing scale” said Deep Kalra, Group Chairman and Group CEO. “We also embarked on a comprehensive multi brand strategy to leverage the strengths of our various brands in differentiated customer segments and travel services.”

2018 Q2 Financial Results

Revenue: The company generated revenue of USD 152.9 million in the quarter ended September 30, 2017, an increase of 84.0% (an increase of 79.4% in constant currency) over revenue of USD 83.1 million in the quarter ended September 30, 2016.

Air Ticketing: Revenue from the air ticketing business increased by 71.2% (66.1% in constant currency) to USD 40.3 million in the quarter ended September 30, 2017 from USD 23.6 million in the quarter ended September 30, 2016.

Hotels and Packages: Revenue from the hotels and packages business increased by 70.5% (66.1% in constant currency) to USD 98.3 million in the quarter ended September 30, 2017, from USD 57.6 million in the quarter ended September 30, 2016.

Other Revenue: Other revenue of the company increased to USD 14.3 million in the quarter ended September 30, 2017 from USD 1.9 million in the quarter ended September 30, 2016.

Profit (Loss): The loss for the quarter ended September 30, 2017 was USD 62.3 million as compared to a loss of USD 39.5 million in the quarter ended September 30, 2016.

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TAGS: MakeMyTrip | OTA | financial statement
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