Online travel booking platform MakeMyTrip Inc reported a net profit of USD 17.9 million for the September quarter FY25, backed by strong revenue growth. The NASDAQ-listed company had reported a net loss of USD 2 million in the same period last fiscal. The revenue for the quarter in accordance with International Financial Reporting Standards was up 26.5 percent in constant currency to USD 211 million from USD 168.7 million in Q2 FY24, according to a statement. Adjusted operating profit rose 32.9 per cent year-on-year to USD 37.5 million in Q2 FY25.
The three major revenue streams for MakeMyTrip are Air Ticketing, Hotels and Packages, and Bus Ticketing. "Our relentless focus on innovation, powered by advanced technology for a uniquely differentiated customer experience, has been the spark in these developments, opines Rajesh Magow, Group Chief Executive Officer, MakeMyTrip. "We are buoyant about the long term secular trajectory of India's travel and tourism market and committed further to accelerating our efforts at not only expanding supply partnerships but also deepening engagement with customers."
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