MakeMyTrip Q3 income tops estimates, EPS falls brief

Investing.com — MakeMyTrip Restricted (NASDAQ:MMYT) reported combined outcomes for its fiscal 2025 third quarter, with income surpassing analyst expectations however earnings per share (EPS) falling brief. The Indian on-line journey firm’s inventory edged up 1.5% following the announcement.

MakeMyTrip posted income of $267.36 million for the quarter, exceeding the consensus estimate of $259.6 million. Nevertheless, the corporate’s adjusted EPS got here in at $0.23, lacking analyst projections of $0.27 by $0.04.

Gross bookings, a key metric for the journey trade, elevated by 26.8% YoY to $2,612.4 million within the third quarter. The corporate noticed development throughout all its enterprise segments, with adjusted margins enhancing in air ticketing, accommodations and packages, bus ticketing, and different companies.

Rajesh Magow, Group Chief Government Officer of MakeMyTrip, commented on the outcomes, saying, “The Indian journey and tourism sector is witnessing strong development, reflecting a powerful need amongst vacationers to discover new horizons. Whereas Indian locations proceed to shine, many international locations have made important efforts to draw Indian vacationers.”

The corporate’s adjusted working revenue improved to $46.0 million within the third quarter, up from $33.4 million in the identical interval final 12 months. Adjusted internet revenue additionally noticed a rise, rising to $44.9 million from $38.9 million YoY.

Mohit Kabra, Group Chief Monetary Officer, added, “Our strong monetary efficiency this quarter throughout all strains of enterprise underscores our sturdy execution of strategic priorities and the resilience of the journey sector.”

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