MakeMyTrip has reported a net loss of $6.5 million for the quarter ending March 31, 2013, as compared to a $3 million profit reported in the corresponding quarter last year. This was on a Net Revenues (Revenue less service costs) of $21.77 million, down 1.4% from $22.1 million revenues in the same quarter last year. For the year ending March 31, 2013, MakeMyTrip reported a net loss of $6.04 million for FY13, a significant decline from $9.3 million profit in the previous fiscal. Net Revenues (Revenue less service costs) stood at $88.17 million, a minor dip from $88.18 million revenues in the previous fiscal. The company reported a gross booking of $311.7 million for the quarter ending March 31, 2013, up 26.4% year over year (YoY) from gross booking of $246.5 million in the corresponding quarter last year. For the fiscal FY13, the company saw a gross booking of $1.17 billion, a 17.8% growth from $992.95 million in FY12. Segment Revenues Air Ticketing Revenues Decline: Revenue from Air Ticketing significantly declined by 26.3% YoY to $13.14 million for the quarter, down from $20.9 million in Q4-FY12. This was despite a 16.6% increase YoY in gross bookings to $248.88 million for the quarter and a 13% increase YoY in transactions to 1.05 million for the quarter. The net revenue margins declined to 6% from 9% a year ago due to the reduction in airlines commission. For the fiscal FY13, the Air ticketing revenues declined by 14.3% to $56.77 million, down from $66.25 million revenues in FY12. This…
