Q3 Profit at MakeMyTrip Soars 12% Year Over Year to $27 Million

OVERVIEW In Q3 of FY25, MakeMyTrip's revenue increased 24.8% to $267.4 million from $214.2 million in the same quarter the previous year. The online travel aggregator made the most money from its hotels and packages division, bringing in $121.9 million. High travel demand in India during the quarter was cited by MakeMyTrip as the reason for the strong growth in its top line.MakeMyTrip Datalabs_in-article-icon (MMT), an online travel aggregator listed on the Nasdaq, recorded a profit of $27.1 million for the quarter that ended December 31, 2024 (Q3 FY25), an increase of 11.8% over $24.2 million for the same quarter the year before.From $214.2 million in the same quarter last year to $267.4 million this quarter, the company's revenue increased 24.8%. The hotels and packages division of MMT, which generated $121.9 million in Q3 FY25, was the main contributor to the company's top line. This represented a 24.9% YoY increase.

However, the company's bus ticketing division saw the biggest boost in income. In Q3 of FY25, the segment's revenue soared 31.3% year over year to $35 million. In the meantime, revenue from the airline ticketing industry increased by 20% year over year to $93.8 million. MakeMyTrip credited the strong increase in its top line to the nation's strong travel demand throughout the quarter. It stated that the robust demand for both domestic and international outbound travel in India for the quarter ending December 31, 2024, as opposed to the quarter ending December 31, 2023, was the main cause of the revenue gain.