share_log

MakeMyTrip | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Jul 23, 2024 10:10

Summary by Futu AI

MakeMyTrip reported robust Q1 FY2025 results with revenue increasing 29.4% YoY to $254.5 million, driven by strong domestic and international travel demand. The company's adjusted operating profit rose 29.9% to $39.1 million, while adjusted net profit grew 32.6% to $44.5 million. Gross bookings reached $2.38 billion, up 19.8% YoY.All key segments showed strong growth, with Hotels and Packages revenue up 27.5% to $146.8 million, Air Ticketing revenue rising 25.4% to $57.5 million, and Bus Ticketing revenue increasing 17.2% to $29.2 million. The company maintained healthy adjusted margins across segments, with Hotels and Packages at 17.5% and Air Ticketing at 6.4%.Management remains optimistic about India's travel sector growth, citing favorable macroeconomic drivers including government infrastructure investments, rising middle-class disposable income, and increasing travel propensity. The company aims to capitalize on the shift from offline to online booking while expanding its customer base and wallet share.
MakeMyTrip reported robust Q1 FY2025 results with revenue increasing 29.4% YoY to $254.5 million, driven by strong domestic and international travel demand. The company's adjusted operating profit rose 29.9% to $39.1 million, while adjusted net profit grew 32.6% to $44.5 million. Gross bookings reached $2.38 billion, up 19.8% YoY.All key segments showed strong growth, with Hotels and Packages revenue up 27.5% to $146.8 million, Air Ticketing revenue rising 25.4% to $57.5 million, and Bus Ticketing revenue increasing 17.2% to $29.2 million. The company maintained healthy adjusted margins across segments, with Hotels and Packages at 17.5% and Air Ticketing at 6.4%.Management remains optimistic about India's travel sector growth, citing favorable macroeconomic drivers including government infrastructure investments, rising middle-class disposable income, and increasing travel propensity. The company aims to capitalize on the shift from offline to online booking while expanding its customer base and wallet share.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Comment Comment · Views 394

Recommended