MakeMyTrip, India's leading online travel company, reported a robust financial position for FY2024 with total cash and term deposits reaching $607.8M, comprising $327.1M in cash and $280.7M in term deposits. The company maintains $201.2M in convertible notes outstanding, while trade payables stand at $118.5M and refund due to customers at $45.9M.The company has expanded its portfolio through strategic acquisitions, securing majority stakes in Savaari Car Rentals and Book My Forex. Its partnership with Trip.com Group, which holds 45.95% voting power, has yielded significant business transactions, including $1.5B in air ticketing sales and $3.0B in hotel packages sales, with marketing alliance expenses of $5.4M.Looking ahead, MakeMyTrip has increased its capital commitments to $455M, up from $266M in FY2023, demonstrating confidence in future growth. The company maintains lease commitments for office properties with 1-12 year terms, while actively managing risks through comprehensive sensitivity analysis and monitoring of foreign exchange fluctuations.

MakeMyTrip, India's leading online travel company, reported a robust financial position for FY2024 with total cash and term deposits reaching $607.8M, comprising $327.1M in cash and $280.7M in term deposits. The company maintains $201.2M in convertible notes outstanding, while trade payables stand at $118.5M and refund due to customers at $45.9M.The company has expanded its portfolio through strategic acquisitions, securing majority stakes in Savaari Car Rentals and Book My Forex. Its partnership with Trip.com Group, which holds 45.95% voting power, has yielded significant business transactions, including $1.5B in air ticketing sales and $3.0B in hotel packages sales, with marketing alliance expenses of $5.4M.Looking ahead, MakeMyTrip has increased its capital commitments to $455M, up from $266M in FY2023, demonstrating confidence in future growth. The company maintains lease commitments for office properties with 1-12 year terms, while actively managing risks through comprehensive sensitivity analysis and monitoring of foreign exchange fluctuations.