MakeMyTrip Ltd Reports Q1 FY25 Earnings: Net Profit Rises to $0.25 per Share

Image Source: Franchise India

MakeMyTrip Ltd, India’s leading online travel platform, has announced robust financial results for the first quarter of fiscal year 2025, with quarterly earnings per share (EPS) reaching $0.25. The company’s performance highlights strong growth across all business segments and reflects the ongoing recovery and expansion in India’s travel and tourism sector.

Key Highlights:

Earnings Performance:
MakeMyTrip reported a net profit of $21 million for Q1 FY25, translating to $0.25 per share, up from $18.6 million in the same quarter last year.
Record Revenue Growth:
Revenue surged by 31.4% year-on-year to $254.5 million, driven by increased demand in air ticketing, hotels and packages, and bus ticketing.
Gross Bookings:
The company achieved its highest-ever gross bookings at $2.38 billion, marking a 21.6% increase compared to Q1 FY24.

Segment Performance:

Air ticketing revenue rose 25.4% to $57.5 million.
Hotels and packages revenue climbed 27.5% to $146.8 million.
Bus ticketing revenue increased 17.2% to $29.2 million.
Other services saw the largest percentage growth, with a 95.2% jump to $20.9 million.

Profitability and Margins:

Adjusted operating profit grew 29.9% year-on-year to $39.1 million, reflecting operational efficiency and scale.

Strategic Outlook:

CEO Rajesh Magow attributed the growth to rising travel demand, increased government investment in infrastructure, and the shift from offline to online bookings. The company plans to capitalize further on these trends to expand its customer base and wallet share.

Expense Management:

Employee benefit costs rose 12.9% to $38.2 million, while marketing and promotional expenses increased by 31% to $40.1 million, supporting continued growth and brand visibility.

MakeMyTrip’s Q1 FY25 results underscore its strong market position and ability to capture growth opportunities in India’s rapidly evolving travel industry.

Source: Business Standard, Economic Times, MakeMyTrip Investor Relations, Inc42