MakeMyTrip profit drops 83% in Q4 

MakeMyTrip net profit for Q4 FY 25 declined 83 per cent to $ 29.2 million on a year on year basis due to absence of one time gains in the quarter under review.

In the same period last year the company had posted a net profit of $ 171.9 million. This included net credit of $ 126.1 million on recognition of deferred tax assets and one time gain of $ 30.6 million due to change in carrying value of convertible notes. Excluding the one time gains, profit for Q4 FY 24 stood at $ 15.2 million.

The company continued to see momentum in business in Q4 FY 25 with gross bookings growing by 30.4 per cent on a year on year basis. Revenue grew 25.6 per cent to $ 245.5 million while adjusting operating profit rose 37.9 per cent growth to $ 44.7 million.

Rajesh Magow, group Chief executive officer, MakeMyTrip said “We delivered record gross bookings and revenue this fiscal year with robust growth and expanding margins underscoring the strength of our platform, the popularity of our brands, and the sustained momentum in both domestic and international travel demand. Our investments in new demand segments and personalized customer experiences across our platform have helped us to grow our customer base as well as drive high repeat bookings.” 

Published on May 14, 2025