MakeMyTrip (MMYT) reported a profit of $3.001 million on gross booking of $237 million for the quarter ending December 31st 2011. Details of the results here. We're on the earnings conference call: 6:06 PM: Signed up over 7500 hotel properties on makemytrip.com. The new hotels page is now available as the default site for customers, and the company is expecting further conversions. In Q3, two domestic partners faced financial issues, which impacted transaction growth in the air segment. With negotiated rates earned better net margins through favorable deals. 6:08 PM: MyTrip Rewards has been performing well,a nd has enrolled over 23000 members in the program, with 1/3rd of members active and engaged on MMYT. The MMYT Android app is in the final stages of beta testing. The Blackberry application has registered more than 150,000 downloads to date. The mobile website has nearly 60,000 unique visitors each month. The iOS application is also under development, 6:12: Financials being shared 6:15 PM: Internet users in India recently surpassed 121 million users (Ed: where did Deep Kalra get this number from?) 6:16 PM: why are air transactions down when the holiday season should be the highest? The reason is that the travel agents b2b network, we were using air transactions as a low hanging fruit, and our aim was to use it to push our hotels and packages business. In this quarter, we used it to focus on better deals and for higher margins, and we took a conscious call not to push…
