MakeMyTrip logs all-time high quarterly gross bookings, revenue and net profit in Q3

At the operating level, EBITDA jumped 105.6% to $29.4 million in the third quarter of this fiscal over $14.3 million in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The gross bookings of the company grew by 21.7% year-on-year in constant currency to $2,088.3 million in Q3 of FY24 from $1,738.2 million in Q3 of FY23. The adjusted operating profit registered a growth of 69.5% year-on-year and reached $33.4 million in Q3 of FY24 compared to $19.7 million in Q3 of FY23.

Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, said, "During this seasonally strong quarter, we witnessed robust demand for leisure travel across all domestic and international destinations, leading to the highest-ever quarterly gross bookings, revenue, and profit for the group. We are excited about the opportunities that lie ahead of us, as the travel and tourism sector is a focus area for the Indian government and is expected to benefit from increased investments in travel infrastructure."