MakeMyTrip posts profit growth of 12.9% YoY in Q1 on robust travel demand, revenue surges 31.4% on growth across biz verticals

Online travel aggregator MakeMyTrip on Tuesday posted its fiscal first quarter profit growth of 12.9 per cent on-year at $21 million in comparison to $18.6 million recorded during the corresponding quarter of previous financial year. It posted revenue as per IFRS at $254.5 million, up 31.4 per cent in constant currency as against $196.7 million during the first quarter of FY24.

The company said that the increase in revenue was primarily as a results of an increase of 25.4 per cent (27.2 per cent in constant currency) in revenue from air ticketing business,