Quarterly ResultAug 3, 2026, 06:13 AM
MakeMyTrip Q1 Revenue $285.6M, Profit $9.1M (-64.7%)
AI Summary
MakeMyTrip Ltd. reported fiscal first-quarter 2027 results with revenue increasing 6.2% year-over-year to $285.6 million, or 16.1% in constant currency. However, profit for the period significantly decreased by 64.7% to $9.1 million, primarily due to a substantial rise in net finance costs related to convertible senior notes. Adjusted Net Profit Before Tax saw a modest increase of 5.5% to $52.2 million, while Gross Bookings grew by 19.9% in constant currency. The company also repurchased $7.8 million in ordinary shares.
Key Highlights
- Revenue increased 6.2% YoY to $285.6 million ($268.8 million in Q1 2026).
- Profit for the period decreased 64.7% YoY to $9.1 million ($25.8 million in Q1 2026).
- Adjusted Net Profit Before Tax increased 5.5% YoY to $52.2 million ($49.4 million in Q1 2026).
- Gross Bookings grew 9.4% YoY to $2,854.7 million (19.9% in constant currency).
- Adjusted Operating Profit improved 8.6% YoY to $51.4 million.
- Net finance costs surged to $28.3 million from $4.0 million in the prior year.
- Diluted earnings per share was $0.09, down from $0.22 in the prior year.
- The company repurchased 200,000 ordinary shares for $7.8 million.
Price Impact
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