Losses nearly doubled for MakeMyTrip for the quarter ended September 30 from the preceding quarter. Losses stood at $12.22 million as compared to $6.9 million in the preceding quarter. The company had posted a loss of $4.79 million in the same quarter last year. This is MakeMyTrip's twelfth straight loss making quarter. However, the net revenues (revenues less service costs), increased 3.6% to $33.2 million from $32.05 million from the same period last year. On a sequential basis, net revenues decreased 12.86% from $36.36 million. Gross bookings in the entire company grew 18.4% y-o-y to $431.3 million. Air Ticketing: Revenues from Air ticketing business grew marginally 2.43% to $18.67 million for the quarter, from $18.23 million in the same quarter last year. Transactions for air ticketing grew by 7.22% y-o-y to 1.68 million in the quarter. Gross bookings increased 8.06% y-o-y to $315.30 million. Air Ticketing accounted for 54.70% of MakeMyTrip’s net revenues for the quarter, up from 51.97% in the preceding quarter. MakeMyTrip CEO Deep Kalra had informed that in Q4-Fy15, mobile users accounted for more than 40% of total online traffic and 22% of online transactions for the company in India. Hotel and Packaging: Revenues from the hotels and packages business grew by 7.30% to $13.43 million for the quarter, from $12.51 million in the same quarter last year. Number of transactions grew by 82.03% to 0.54 million for the quarter, from 0.30 million transactions in the same quarter last year. Gross bookings increased 14.98% to $116.03 million for the quarter, from $100.92 million in the same quarter last…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...