MakeMyTrip's Q3 FY25 Results Highlight Travel Sector Resurgence The company also posted a 37.6 per cent increase in adjusted operating profit, which rose to $46.0 million from $33.4 million in the same quarter last year, while net profit for the period improved to $27.1 million, up from $24.2 million

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Travel services provider, MakeMyTrip Limited, has reported impressive financial results for the fiscal third quarter ended December 31, 2024, reflecting the sustained recovery and growing momentum in the travel and tourism industry. The company's unaudited quarterly report highlights significant growth across all segments, underpinned by a renewed appetite for travel among Indian consumers.

Revenue under International Financial Reporting Standards (IFRS) climbed 26.2 per cent year-on-year(YoY) in constant currency to $267.4 million in Q3 FY25, compared to $214.2 million in Q3 FY24. Gross bookings surged by 26.8 per cent to reach $2,612.4 million, further emphasizing the robust recovery in travel demand. The company also posted a remarkable 37.6 per cent increase in adjusted operating profit, which rose to $46.0 million from $33.4 million in the same quarter last year, while net profit for the period improved to $27.1 million, up from $24.2 million.

Segment-wise performance was equally robust, with adjusted margins across all key verticals showing healthy growth. The air ticketing business saw a 20.0 per cent year-on-year increase, generating $93.8 million in Q3 FY25 compared to $79.2 million in Q3 FY24. The hotels and packages segment, which has become a cornerstone of MakeMyTrip's offerings, grew by 24.9 per cent to $121.9 million. The bus ticketing segment also recorded stellar growth, increasing 31.3 per cent year-on-year to reach $35.0 million, while other services surged by 53.9 per cent, contributing $19.8 million to overall revenues.

Commenting on the results, Rajesh Magow, Group CEO, said, "The Indian travel and tourism sector is witnessing robust growth, reflecting a strong desire among travelers to explore new horizons. While Indian destinations continue to shine, many countries have made significant efforts to attract Indian travelers. Our strong performance this quarter reflects these macro trends, along with our focused execution and commitment to customer centricity."

Group CFO Mohit Kabra added, "Our robust financial performance this quarter across all lines of business underscores our strong execution of strategic priorities and the resilience of the travel sector. Our disciplined approach to cost management, combined with targeted investments in technology and customer experience, has enabled us to capitalize on growing travel demand and drive profitable growth."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Uber Released Its Annual List of Things People Leave in Backseats — and It Is Wild

The rideshare giant's annual list of items that passengers left in cars will make you shake your head — and double-check the seat before you get out.

Growing a Business

How I Replaced a $2,000-a-Month SEO Agency and Built My Own Growth System as a Solo Founder

15 proven tactics I used to grow my startup's visibility and backlinks — without writing a single cold email.

Business News

Google Layoffs Affect Hundreds in Division Working on Chrome Browser, Pixel Phones

A Google spokesperson said the move would help Google run more efficiently.

Growing a Business

The AI Playbook Billion-Dollar Brands Are Using to Automate & Dominate (And How You Can Too)

AI isn't just a tool — it's replacing entire teams. Learn how top brands use it to run sales, ops and marketing 24/7.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.