Makemytrip (MMYT) has released an update.
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MakeMyTrip Limited reported a record-setting fiscal first quarter with gross bookings surging to $2.38 billion, up 21.6% year-over-year, while revenue soared by 31.4% to $254.5 million. The company’s adjusted operating profit grew to $39.1 million, marking a 29.9% increase compared to the previous year. These robust financials reflect a strong start to the fiscal year, driven by India’s growing travel sector and MakeMyTrip’s successful capture of market shifts towards online travel bookings.
For further insights into MMYT stock, check out TipRanks’ Stock Analysis page.
