MakeMyTrip Q4 Results: Net profit stands at $29 million, shares down 1.23% on Nasdaq. Here’s why

MakeMyTrip Q4 Results: Online travel bookings platform, MakeMyTrip, announced its January to March quarter results for the financial year 2024-25 on Wednesday, 14 May 2025. The company witnessed an 83 per cent fall in its net profit for the fourth quarter to $29.2 million in the 2024-25 fiscal year. However, this decline is not due to the firm’s operational reasons.

The company made a net profit of $171.9 million in the same period of the previous financial year, due to a one-time credit of $126.1 million in recognition of deferred tax assets and a $30.6 million one-time gain due to the change in carrying value of our convertible notes due 2028 measured at amortised cost.