Jan. 21 at 12:20 PM
$MMYT
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Revenue growth: Revenue as per IFRS rose to
$295.7 million from
$267.4 million, a 15.4% year-over-year increase in constant currency.
Underlying profitability: Adjusted operating profit increased to
$50.7 million from
$46.0 million and adjusted net profit rose to
$51.4 million from
$44.9 million, reflecting stronger core earnings.
Segment strength: Adjusted margin grew at strong double-digit rates across air ticketing, hotels and packages, bus ticketing and other services, with hotels and packages volume up 20.3% year-over-year.
Reported profit decline: Profit for the period fell significantly to
$7.3 million from
$27.1 million year-over-year, indicating higher charges or non-operational impacts on bottom-line earnings.
Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,
“Our diversified product portfolio of transport and accommodation options helped us mitigate the impact of slower growth in the domestic air travel market and deliver overall growth.“
