Full Year Gross Bookings grow by 122% YoY to $6.6 Billion | Adjusted Operating Profit at $70.3  Million, growth of 203% YoY 

National, May 16, 2023 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider,  today announced its unaudited financial and operating results for its fiscal fourth quarter and full year ended  March 31, 2023 as attached herewith and available at www.sec.gov/ and on our website at  http://investors.makemytrip.com.  

Business & Financial Highlights | Q4 FY2023 & Full Year FY2023 

	Q4 FY23 ($ Million)	Q4 FY22 ($ Million)	YoY  Change (Constant Currency)	FY23 ($ Million)	FY22 ($ Million)	YoY  Change (Constant Currency)
Gross Bookings	1,673.9	1,012.3	80.7%	6,566.2	3,188.9	122.0%
Revenue as per IFRS	148.5	88.6	82.9%	593.0	303.9	110.3%
Adjusted Margin
Air Ticketing	74.3	44.8	81.0%	280.1	155.5	94.2%
Hotels and Packages	63.5	42.3	64.2%	259.8	144.1	94.2%
Bus Ticketing	19.3	12.4	70.8%	77.3	38.3	117.2%
Others	9.0	5.7	73.5%	34.1	18.6	98.6%
Results from Operating Activities	8.0	3.4		23.6	(30.4)
Adjusted Operating Profit (Loss) (also referred to as Adjusted EBIT)	19.0	12.0		70.3	23.2
Profit / (Loss) for the period	5.4	(4.1)		(11.2)	(45.6)

• Travel demand continues to be robust despite macroeconomic headwinds and Q4 being a seasonally  slower quarter. Gross Bookings for Q4 FY23 grew by 80.7% YoY in constant currency to $1.7 billion. FY23  Gross Bookings grew by 122% YoY in constant currency to $6.6 billion. 

• Adjusted Operating Profit was $19.0 million in Q4 FY23, as compared to $12.0 million in Q4 FY22. FY23  Adjusted Operating Profit was $70.3 million, being the highest ever in our company’s history, as  compared to $23.2 million in FY22, with YoY growth of 203.0%. 

• Profit for the period was $5.4 million in Q4 FY23, as compared to a loss of $4.1 million in Q4 FY22. Loss  for the year has reduced significantly; loss for FY23 was $11.2 million as compared to a loss of $45.6  million in FY22, being a reduction of $34.4 million. 

“We witnessed robust recovery in travel demand with significant improvement in consumer sentiment  during the fiscal year ended March 31, 2023. We capitalized on this trend to deliver strong results with over  120% YoY constant currency growth in Gross Bookings. Our profitability expansion has also been significant,  as we delivered a YoY increase of over 200% in Adjusted Operating Profit for the reported fiscal year 2023.  We are glad that our strategy of investing in the right areas coupled with our initiatives to optimize certain  costs has helped us to preserve and strengthen our moat. We remain well positioned for the next fiscal year  with a strong pipeline of product innovation to further enhance customer experience.” 

Rajesh Magow, Group Chief Executive Officer, MakeMyTrip

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