MakeMyTrip announced a YoY increase of 102.5% in revenue for the quarter ended December 30, 2021.
Gross Bookings increased by 93.0% YoY and 57.4% QoQ to $1,155.7 million in 3Q22.
Revenue increased by 102.5% YoY and 70.5% QoQ to $115.0 million in 3Q22, back to 78.2% of pre-pendemic level.
Air Ticketing Revenue increased by 50.6% YoY and 28.5% QoQ to $27.4 million in 3Q22.
Hotels and Packages Revenue increased by 175.6% YoY and 100.7% QoQ to $67.2 million in 3Q22.
Bus Ticketing Revenue increased by 45.3% YoY and 75.0% QoQ to $14.7 million in 3Q22.
Other Revenue increased by 38.6% YoY and 34.1% QoQ to $5.7 million in 3Q22.
Results from Operating Activities was a loss of $6.2 million in 3Q22 versus a loss of $7.3 million in 3Q21 and $8.0 million in 2Q22, reflecting an improvement of $1.1 million YoY and $1.8 million QoQ.
Adjusted Operating Profit was $13.2 million in 3Q22 versus Adjusted Operating Profit of $5.2 million in 3Q21 and $6.6 million in 2Q22, reflecting an improvement of $8.0 million YoY and $6.6 million QoQ.
“We reported our best Adjusted Operating Profit quarter during the ongoing pandemic supported by pent-up travel demand following the second wave of COVID-19 cases in India, coupled with festive travel and winter holidays seasonality.” said Deep Kalra, Group Executive Chairman. “While the current Omicron wave has impacted consumer sentiment for leisure travel from January 2022, we continue to observe demand for domestic essential travel”.