MakeMyTrip achieves record revenue & profit in Q3 FY25 as Indian travel demand soars

MakeMyTrip reported record financial results for Q3 FY25 with a 26.2 per cent rise in revenue to USD 267.4 million. Gross bookings increased to USD 2.61 billion.

Adjusted operating profit grew by 37.6 per cent to USD 46 million. The strong performance reflects rising demand in the Indian travel sector. The company remains optimistic as travel demand continues to grow.

MakeMyTrip, India's leading travel service provider, reported record quarterly revenue and operating profit for Q3 FY25, ending December 31, 2024, driven by a surge in Indian travel demand.

The company's strong financial performance reflects the growth of both domestic and international travel within the Indian market, leading to increased bookings and profits across all segments.

MakeMyTrip attributes its success to its customer-centric approach, strategic investments, and the overall resilience of the travel sector.

MakeMyTrip's revenue for Q3 FY25 reached USD267.4 million, a 26.2 per cent year-over-year increase from USD214.2 million in Q3 FY24. Gross bookings also saw a significant jump, rising by 26.8 per cent to USD2.61 billion compared to USD2.09 billion in the same period last year. 

The company's adjusted operating profit (EBIT) reached USD46.0 million, a 37.6 per cent increase from USD33.4 million in Q3 FY24. Profit for the period was USD27.1 million, compared to USD24.2 million in the previous fiscal year.

The growth was seen across all segments of MakeMyTrip's business. Air Ticketing experienced a 20 per cent increase.

Hotels and Packages saw a 24.9 per cent rise. Bus Ticketing grew by 31.3 per cent. Other services reported a substantial 53.9 per cent increase.

MakeMyTrip’s Q3 FY25 results were released on January 23, 2025, in New Delhi. The company is listed on NASDAQ under the ticker symbol MMYT. 

The company remains optimistic about the future, anticipating continued growth in the Indian travel market. This positive outlook positions MakeMyTrip for sustained success in the dynamic travel industry.