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…
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Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
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