Earnings ·
MakeMyTrip reported unaudited financial results for its fiscal first quarter ended June 30, 2026
MMYTMakeMyTrip Ltd
MakeMyTrip reported unaudited financial results for its fiscal first quarter ended June 30, 2026. Revenue increased 6.2% year-over-year to $285.6 million, or 16.1% in constant currency, driven by growth in hotels and packages, bus ticketing, and other segments, partially offset by a decline in air ticketing revenue. Gross bookings rose 9.4% to $2,854.7 million (19.9% in constant currency). Adjusted operating profit improved to $51.4 million from $47.3 million, while adjusted net profit before tax reached $52.2 million versus $49.4 million in the prior year period. Reported profit for the period fell 64.7% to $9.1 million due to a significant increase in net finance costs related to convertible senior notes and foreign currency translation impacts from INR depreciation against the USD. The company repurchased 200,000 ordinary shares for $7.8 million during the quarter under its existing share repurchase program.