Kolkata, New Delhi, INDIA. New York, USA.
Business Aajkal, NEW DELHI, 14 May 2025: MakeMyTrip, a NASDAQ-listed travel booking platform, announced a net profit of USD 29.2 million for the March quarter.
In the same quarter of the previous financial year, the company posted a net profit of USD 171.9 million. However, that figure was significantly boosted by one-time gains, including a net credit of USD 126.1 million from the recognition of deferred tax assets and a USD 30.6 million gain from changes in the carrying value of its convertible notes due 2028, measured at amortized cost.
Excluding these one-time items, MakeMyTrip's profit for Q4 FY24 was USD 15.2 million.