wordpress blog stats
Connect with us

Hi, what are you looking for?

MakeMyTrip Q3FY12 Results: Profits At $3M; Net Revenue At $23.65M

MakeMyTrip has reported gross booking of $237 million for the quarter ending December 31st 2011, up 12.7% year over year.  Air Ticket transactions grew 16.2% year on year, leading to a 5.4% growth in gross bookings, while Hotels & Packages transactions increased by 118.9%year on year, leading to a 61.7% growth in gross revenue from the segment. For the quarter, MMYT reported a profit for the period of $3.001 million, compared with $1.770 million for the same period last year, on a Net Revenue (total revenue less service cost) growth of 36.9% to $23.654 million, up from $17.281 million year on year. The company said that during the quarter it witnessed a rapid weakening of the Indian Rupee as well as volatility in the Indian aviation industry. the results also include the operating and financial results of LTT – Luxury Tours & Travel.

Segment Details

Air Ticketing:  Revenue from air ticketing increased by 59.9% to $21.6 million for the quarter, up from $13.5 million the same quarter last year. Net revenue margins increased to 9%, from 7.4% a year ago. Gross bookings were up 20.4%.

Hotels and Packages: Revenue from hotels and packages business increased by 45.8% to $31.3 million for the quarter, up from $21.5 million a year ago. Net revenue (revenue less service cost) increased by 81.1% to $5.3 million, from $2.9 million for the quarter ending December 2010. Gross bookings were up 61.7%, net revenue margin increased to 12.1% from 10.8% a year ago.

Notes:
– Other revenue increased to $0.9 million from $0.8 million, primarily due to increase in sale of rail tickets, bus tickets and increase in other miscellaneous income.
– the Corporate booking business is insignificant for MMYT, and their business is mostly B2C leisure travel.
– Personnel Expenses increased to $8 million from $3.9 million year on year.

Download: Press Release | Earnings Call

Advertisement. Scroll to continue reading.

Written By

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

Views

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

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

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...

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...

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