wordpress blog stats
Connect with us

Hi, what are you looking for?

38.4% Of MakeMyTrip’s Revenues In Q3-FY13 Is From Hotels & Packages

Online travel agent MakeMyTrip has reported a net loss of $1.6 million for the quarter ended December 31, 2013 (Q3-FY13), an improvement from $5.23 million loss reported in the same quarter last year. This is however MakeMyTrip's fifth consecutive loss making quarter. The company says excluding the effects of employee share-based compensation costs, amortization of acquisition related intangibles, merger and acquisitions related expenses, net change in fair value of financial liability related to business combination and income tax benefit (expense) for the third quarter of both fiscal years 2014 and 2013 and net (gain) loss on change in the fair value of derivative financial instruments for the third quarter of both fiscal years 2013 and 2012, it would've recorded an adjusted net profit of $1.2 million in the quarter, as compared to a net loss of $2.6 million in the same quarter last year. The net revenues (revenues less service costs) was at $28.6 million for the quarter, registering a 27.7% growth from $22.4 million revenues in the same quarter last year whereas the gross bookings decreased by 4% year-on-year (YoY) to $311.3 million from $324.4 million in the same quarter last year. Air Ticketing: Net revenues from Air Ticketing increased by 21.6% YoY to $16.46 million from $13.54 million in the same quarter last year. This is despite a 12.3% decline in the number of transactions to 0.89 million transactions for the quarter, down from 1.02 million transactions in the same quarter last year. Gross bookings also declined by 11.6% YoY to $224.2 million for the quarter,…

Please subscribe/login to read the full story.
Written By

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

Views

News

New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

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...

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

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...

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...

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