wordpress blog stats
Connect with us

Hi, what are you looking for?

MakeMyTrip Results: Reports Profit Of $1.07M For Q4FY11; Net Revenue At $17.06M

MakeMyTrip has reported gross booking of $201.2 million for the quarter ending March 31st 2011, up 52.4% year over year.  Air Ticket transactions grew 78.5% year on year, leading to a 52.1% growth in gross bookings, while Hotels & Packages transactions increased by 82.8%year on year, leading to a 54.8% growth in gross revenue from the segment. For the quarter, MMYT reported a profit for the period of $1.072 million, compared with a loss of $0.827 million for the same period last year, on a Net Revenue (total revenue less service cost) growth of 57.6% to $17.06 million, up from $10.82 million year on year. Annual Results MMYT's net revenue for Fiscal 2011 was $61 million, a YoY increase of 51.6% from FY10's net revenue of $40.2 million. The company registered gross bookings of $742.5 million for the financial year FY11, an increase of 59.4% YoY. Air Ticket transactions grew 59.9% year on year, leading to a 58.6% growth in gross bookings, while Hotels & Packages transactions increased by 60.3% year on year, leading to a 65.2% growth in gross revenue from the segment. For the year, MMYT reported a profit for the period of $5.12 million, compared with a profit of $1.44 million for the last year, on a Net Revenue (total revenue less service cost) growth of 51.6% to $61.07 million, up from $40.28 million that it registered last fiscal. Acquires Luxury Tours & Travels Pte For Over $3 million During the quarter, MMYT acquired 79% in Singapore based Luxury…

Please subscribe/login to read the full story.
Written By

Free Reads

Drones

News

Once the system receives the required validation, five more such MDVs will be introduced into the Commissionerate Police fleet

News

The lure of Grok AI to Premium X Subscribers might let Musk salvage the decline in the social media usage in recent times.

News

Merchants win a significant battle against Visa and Mastercard's fee structure, but the war on fair charges is far from over.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ