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NEW DELHI - MakeMyTrip Limited (NASDAQ:MMYT), India’s leading online travel company, reported better-than-expected fourth quarter results on Wednesday, as revenue rose 21% year-over-year driven by strong growth across all segments.
MakeMyTrip shares were up 0.38% in pre-market trading following the earnings release.
The company posted adjusted earnings per share of $0.42 for the quarter ended March 31, 2025, beating analyst estimates. Revenue increased to $245.5 million from $202.9 million a year earlier, also topping expectations.
Gross bookings, a key industry metric, grew 25.2% year-over-year to $2.55 billion in Q4.
"We delivered record gross bookings and revenue this fiscal year with robust growth and expanding margins underscoring the strength of our platform, the popularity of our brands, and the sustained momentum in both domestic and international travel demand," said Rajesh Magow, Group CEO of MakeMyTrip.
By segment, air ticketing revenue rose 11.9% to $61.6 million, hotels and packages revenue increased 16.9% to $123.3 million, and bus ticketing revenue jumped 40.8% to $33.5 million compared to the prior year quarter.
The company’s adjusted operating profit improved to $44.7 million in Q4, up from $32.4 million a year ago.
For the full fiscal year 2025, MakeMyTrip reported revenue of $978.3 million, up 25% year-over-year. Adjusted net profit for the year rose to $178.2 million from $137.2 million in fiscal 2024.
The stock has gained over 15% year-to-date.
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