MakeMyTrip Financial News

01.08 / 17:09

Booking Platform MakeMyTrip surges MakeMyTrip Q1 Results: Net profit at $18.6 million, gross booking surges 31% to $2 billion

NASDAQ-listed travel services platform MakeMyTrip on Tuesday reported an EBITDA of $25.9 million in the first quarter of FY24 ended June. The company had reported an EBITDA of $11.2 million in the year-ago period.

01.08 / 14:21

UPS Booking NASDAQ MakeMyTrip MMT Q1 Results: Co swings to black, posts $ 18.6 million profit; gross bookings at $1987.5 million

Nasdaq listed MakeMyTrip reported a profit of $ 18.6 million for the first quarter of fiscal year 2024 compared to a loss of $10 million in the corresponding period of the previous fiscal. The company clocked gross bookings of $ 1987.5 million for the first quarter of fiscal year 2024, up by 31.4% year on year. The company said travel demand for both leisure and business travel witnessed ‘strong growth’ during the quarter leading to all-time high gross bookings in the company’s history.

28.07 / 17:45

UPS Booking Platform MakeMyTrip exclusive ‘Covid made holiday homes mainstream’

₹19 crore in pre-Series A round from venture capital firm Sixth Sense Ventures in 2018, turned profitable in 2023, following the post-covid demand revival. At present, 236 properties are live, and 54 more are being exclusively branded and marketed by the platform, the company said. About two years ago, it had about 125 properties.

17.07 / 09:09

Action MakeMyTrip Disaster MakeMyTrip Foundation helps flood-hit Uttarakhand, Himachal with ₹5 cr disaster relief

Uttarakhand caused by heavy rainfall, MakeMyTrip Foundation initiated the immediate deployment of ₹5 crore towards the relief efforts, the company said in an official statement. The Foundation will work with a network of on-ground partners, government bodies, experts, NGOs, and locals to help operationalize immediate relief efforts, the statement read. “There is an urgent need to send essential resources to aid the people of Himachal Pradesh and Uttarakhand as they grapple with the extensive damages caused by the recent flooding," said Deep Kalra, Founder and Chairman, of MakeMyTrip and Trustee of MakeMyTrip Foundation. “The current situation in these mountain states is trying, and requires a collective effort by each and every one of us.

06.07 / 13:35

Citi Provident Metro MakeMyTrip cricket MakeMyTrip to increase its inventory of homestays for cricket season

The move can be linked with a potential surge in the demand for homestay properties from certain cities such as Ahmedabad, Dharamshala, and other metros across the country due to ICC world cup 2023. This year India will be hosting the ICC world cup from October 5 to November 19 across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai, and Kolkata. “Cricket fans are more willing than ever to explore homestays as an accommodation option,” said Parikshit Choudhury, Chief Business Officer of Alternate Accommodation and Customer Contact Group, MakeMyTrip. Furthermore, the company has also developed a new feature where users can track the distance of the accommodation from the cricket stadium in the city.

01.07 / 08:21

COST UPS Citi Booking Samsung MakeMyTrip cricket ICC Cricket World Cup means brisk business for India

Cricket World Cup, businesses in India are also set to gain from the matches. The tournament will be held from October 5 to November 19 and played across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai and Kolkata. The pandemic left the hospitality sector ravaged, which has now limped back to normalcy.

15.03 / 04:29

nft news nft market MakeMyTrip MakeMyTrip forays into NFTs to display unexplored domestic landscapes

MakeMyTrip on Monday announced to foray into the world of non-fungible tokens (NFTs) to celebrate the popular as well as unexplored travel landscapes in the country. The first batch of these digitally-crafted artworks cover the majestic landscapes of Goa, Ladakh, Orissa, Himachal, Kashmir, Kerala, Meghalaya, Rajasthan and Andamans. MakeMyTrip said it will pass on all proceeds from the sale of these NFTs to promote sustainable tourism in the country.

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