The following is a summary of the MakeMyTrip Limited (MMYT) Q4 2024 Earnings Call Transcript:

Financial Performance:

• MakeMyTrip reported an all-time high gross booking value of $8 billion and a record adjusted operating profit of $124 million in fiscal year 2024, compared to $70 million in fiscal year 2023.

• Revenue for the fiscal year increased by 35.7% YoY to $782 million.

• Q4 gross booking value increased by 23% YoY to over $2 billion.

• Net profit for the fiscal year was $216.7 million, compared to a loss in fiscal 2023.

• Adjusted operating profit for Q4 rose by over 70% YoY, reaching $32.4 million.

• Excluding certain one-off items, adjusted operating profit grew by 76.7% YoY to $124.2 million.

• The company reported a share-based compensation of $36.9 million and mentioned positive cash surpluses for potential buybacks.

Business Progress:

• Achieved record milestones such as a 97% growth in searches for spiritual destinations.

• Contribution from international air ticketing business grew by about 50% and now accounts for about 1/3 of the air ticketing segment.

• MoUs signed with the state governments of Goa and Madhya Pradesh to foster sustainable tourism development.

• Launched a Visa guarantee initiative and integrated AI within the accommodation business for condensed customer reviews.

• Launched RedBus services in Vietnam and Cambodia and expanded hotel products on the IRCTC website to attract users from smaller cities.

• Digital bus services grew by over 26% and investments in various segments yielded results, diversifying revenue inflows.

• The company is expected to maintain or improve current market shares and has potential plans for organic and inorganic growth.

More details: MakeMyTrip IR

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