MakeMyTrip returns to profit at $5.4 mn in Q4, sees ‘robust recovery’ in travel demand

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MakeMyTrips gross bookings for the fourth quarter of FY23 stood at $1,673.9 million, up 65.4 per cent from $1,012.3 million in Q4FY22...

Online travel company MakeMyTrip on Tuesday posted net profit at $5.4 million for the fiscal fourth quarter ended March 2023, as against a loss of $4.1 million during the same period last year..

MakeMyTrip delivered the highest ever-annual gross bookings in FY23, growing by 122 percent on-year in constant currency to $6.6 billion, it said..

We capitalized on this trend to deliver strong results with over 120 per cent YoY constant currency growth in Gross Bookings, said Rajesh Magow, Group Chief Executive Officer, MakeMyTrip...