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Quarterly Gross Bookings growth at 126.3% YoY |$15.1 Million Adjusted Operating Profit

National, November 1, 2022 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service  provider, today announced its unaudited financial and operating results for its fiscal second quarter ended  September 30, 2022 as attached herewith and

National, November 1, 2022 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service  provider, today announced its unaudited financial and operating results for its fiscal second quarter ended  September 30, 2022 as attached herewith and available at www.sec.gov/ and on our website at  http://investors.makemytrip.com.  

Business & Financial Highlights | Q2 FY2023 

Q2 FY23 ($ Million)Q2 FY22 ($ Million)YoY Change (Constant Currency)
Gross Bookings 1,541.7 734.1 126.3%
Revenue as per IFRS 131.3 67.5 111.4%
Adjusted Margin
Air Ticketing 75.0 38.6 109.2%
Hotels and Packages 57.4 35.5 74.7%
Bus Ticketing 16.9 7.9 129.8%
Others 7.5 4.4 89.1%
Results from Operating Activities 3.9 (8.0)
Adjusted Operating Profit (Loss) (also known as  Adjusted EBIT)15.1 6.6
  • Q2 FY23 Gross Bookings grew by 126.3% YoY to approximately $1.5 billion. Improving domestic travel  demand helped us achieve strong growth even in a seasonally weak quarter. 
  • While the overall recovery in business travel has been muted compared to leisure travel, we continue to  see significant growth in our corporate travel business compared to pre-pandemic levels. 
  • Adjusted Operating Profit of $15.1 million in Q2 FY23, as compared to $6.6 million in Q2 FY22, which  continues to be robust on the back of our strong operating leverage. , 

“Travel continues to rebound on the back of waning COVID-19 infections and positive consumer sentiment.  We witnessed strong performance both in terms of revenue and profitability in a seasonally weak quarter.  As a leading travel service provider, we continue to garner a major share of travel demand on the back of our  robust multi-product platform and customer-first approach.”

Rajesh Magow, Group Chief Executive Officer, MakeMyTrip,

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komal.hospi@gmail.com

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