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Makemytrip Limited (MMYT)
NASDAQ:MMYT
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 9.72%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with significant growth in international and corporate travel segments, despite challenges like heavy rainfall affecting demand and supply constraints in the domestic air market. The company's robust cash position and commitment to share repurchase programs are positive indicators. However, moderation in room rate increases and the impact of the monsoon are challenges that need addressing.Company Guidance
In the MakeMyTrip Q2 2025 earnings call, the company showcased strong fiscal performance with a gross booking value of $2.3 billion, reflecting a 24.3% year-on-year growth in constant currency terms. Adjusted operating profit increased to $37.5 million, marking a 33% rise compared to the previous year. The international air ticketing segment saw revenue growth of over 39%, now constituting 38% of the adjusted margin, while the international hotels outbound business reported a 62% year-on-year increase, accounting for 17% of the adjusted margins. The bus ticketing business also expanded, with international markets contributing 12% of total bus revenue. The company highlighted the integration of AI and data science to enhance customer experiences, contributing to productivity gains and a 45% reduction in customer service agent involvement. The company maintains a cash reserve exceeding $700 million, aligning with strategic plans for organic and inorganic growth, including a share repurchase program with $135 million still available for deployment.Strong Revenue and Profit Growth
Gross booking value for the quarter reached $2.3 billion, with a year-on-year growth of 24.3% in constant currency. Adjusted operating profit was $37.5 million, showing a year-on-year growth of 33%.
International Business Expansion
International air ticketing revenue grew over 39% year-on-year, now accounting for 38% of the adjusted margin. International hotels outbound business revenue grew 62% year-on-year, accounting for 17% of adjusted margins.
Growth in Accommodation Segment
The accommodation business, including hotels and homestays, recorded a 21.4% year-on-year growth in adjusted margins on a constant currency basis.
Corporate Travel Business Growth
The corporate travel business via myBiz and Quest2Travel platforms witnessed strong growth, with active corporate customer counts of over 59,000 and 462 large corporates, respectively.
Cash Position and Share Repurchase Program
Cash and cash equivalents exceeded $700 million. The company remains committed to opportunistic share repurchase programs.
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MMYT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MMYT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $102.99 | $99.14 | -3.74% |
| Jul 23, 2024 | $89.62 | $96.91 | +8.13% |
| May 15, 2024 | $77.03 | $85.37 | +10.83% |
| Jan 23, 2024 | $50.03 | $49.90 | -0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Makemytrip Limited (MMYT) report earnings?
Makemytrip Limited (MMYT) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Makemytrip Limited (MMYT) earnings time?
Makemytrip Limited (MMYT) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMYT EPS forecast?
MMYT EPS forecast for the fiscal quarter 2025 (Q3) is $0.27.
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