wordpress blog stats
Connect with us

Hi, what are you looking for?

MakeMyTrip Q1FY13 Results: Profits At $1.81M; Net Revenue At $23.88M

MakeMyTrip has reported gross booking of $271.47 million for the quarter ending June 30th 2012, up 2.8% year over year. Air Ticket transactions declined 9.1% year on year, leading to a 1.9% drop in gross bookings, while Hotels & Packages transactions increased by 44.1%year on year, leading to a 25.4% growth in gross revenue from the segment. For the quarter, MMYT reported a profit for the period of $1.819 million, compared with $1.517 million for the same period last year, on a Net Revenue (total revenue less service cost) growth of 19.9% to $23.882 million, up from $21.104 million year on year.

Segment Details

Air Ticketing:  Revenue from air ticketing increased by 17.1% to $17.2 million for the quarter, up from $14.7 million in the same quarter last year. Net revenue margins increased to 7.3%, from 6.6% a year ago. Gross bookings were down 1.9%.

Hotels and Packages: Revenue from hotels and packages business increased by 25.1% to $45.8 million for the quarter, up from $36.6 million a year ago. Net revenue (revenue less service cost) increased by 20.2% to $7.1 million, from $5.9 million for the quarter ending June 2011. Gross bookings were up 25.4%, net revenue margin reduced to 12.5% from 13.1% a year ago.


Buying remaining shares of Luxury Tours & Travels: In July 2012, the Company entered into an agreement with the remaining shareholders of Luxury Tours & Travel Pte Ltd (LTT) which amended the terms of the original share purchase agreement (SPA) signed in February 2011, according to which, the Company will purchase the remaining shares held by remaining shareholders (also the original selling shareholders) in LTT by December 31, 2012 at the same price per share as paid for the tranche purchased on the first closing date.

Advertisement. Scroll to continue reading.

– Other revenue increased to $1.2 million from $0.8 million, primarily due to increase in income from advertisements.
– Personnel Expenses increased to $7.6 million from $4.3 million year on year.

Download: Press Release

Written By

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



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


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...


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...


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...


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...

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
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