MakeMyTrip reports operating profit and quarter on quarter improvements across all lines of business
05/26/2021|1:47:35 PM|MakeMyTrip

MakeMyTrip Limited, India’s leading online travel company, announced its unaudited financial and operating results for its fiscal fourth quarter and full fiscal year ended March 31, 2021.

Gross Bookings in 4Q21 reached USD 759.2 million and USD 1,635.4 million in FY21.

Revenue was USD 79.2 million for 4Q21 and USD 163.4 million for FY21. 

Air Ticketing Revenue improved to USD 24.2 million in 4Q21 versus USD 18.2 million in 3Q21. 

Hotels and Packages Revenue improved to USD 38.1 million in 4Q21 versus USD 24.4 million in 3Q21. 

Bus Ticketing Revenue improved to USD 11.8 million in 4Q21 versus USD 10.1 million in 3Q21. 

Other Revenue improved to USD 5.1 million in 4Q21 versus USD 4.1 million in 3Q21. 

Results from Operating Activities was a profit of USD 0.3 million in 4Q21 versus a loss of USD 330.3 million in 4Q20. Results from Operating Activities were a loss of USD 67.7 million for FY21 versus a loss of USD 429.4 million for FY20.

“MakeMyTrip continued to leverage the domestic travel recovery momentum for most part of the reported fiscal fourth quarter. The company also bolstered its liquidity with a convertible note issuance.” said Deep Kalra, Group Executive Chairman. “While near term challenges will persist due to the rapid onset of a second COVID-19 wave in India since April 2021, we are well positioned to emerge as a stronger player in India’s travel market post pandemic with continued focus on cost discipline.”

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