MMT reports net profit of $1.8 million in Q2, revenues at $ 235.2 million - The
MakeMyTrip reported a $1.8 million Q2 net profit, reversing a year-earlier loss of $5.7 million. Revenue rose 11.2% to $235.2 million, while gross bookings grew 20.9%, supported by hotels, transport and AI-powered travel assistant Myra.
MakeMyTrip has reported a net profit of $ 1.8 million in quarter two of this fiscal year compared to a net loss of $ 5.7 million in the corresponding period of the previous fiscal year.The company reported revenues of $ 235.2 million for quarter two this year, up 11.2% in constant currency terms. The company reported an adjusted operated profit of $ 46.2 million in quarter two of this fiscal compared to $ 44.2 million in the corresponding period of the previous fiscal year.Group CEO Rajesh Magow said the company delivered 'strong' growth despite a 'challenging' travel environment, with gross bookings increasing 20.9% year on year in constant currency terms to $2.7 billion in quarter two."Growth in hotels and ground transport underscored the resilience of our diversified portfolio and our ability to serve evolving customer needs," he said."We are using AI to simplify travel planning and booking, supported by our extensive supply network, integrated distribution platform and trusted service.
