In its unaudited financial and operating results for its fiscal quarter ended June 30, 2011, Deep Kaira, chairman and CEO, said the strong growth was maintained “despite uncertain global and domestic economic conditions.”

“Our success and market leadership was driven by offering customers great value for innovative travel products and by continuously improving their entire experience with MakeMyTrip.

“Additionally, our strategic marketing investment this quarter has resulted in very robust growth in transactions and expansion of margins in our Hotels & Packages business, as we worked to further differentiate ourselves from our
competitors.”

• Gross bookings for Air ticketing and Hotels and packages combined increased by $89.5 million to $264.1 million,
representing growth of 51.2% year over year (yoy).
• Number of Transactions for Air ticketing and Hotels and packages combined increased 54.4% yoy.
• Revenue rose 54.3% yoy to $52.0 million
• Revenue less service costs increased 52.3% yoy to $21.1 million.
• Net revenue margin for Air ticketing and Hotels and packages combined increased marginally to 7.7% yoy.
• Results from operating activities improved yoy to $1.8 million, an increase of $0.5 million from the prior year’s
fiscal first quarter. Adjusted operating profit improved to $1.6 million, versus $1.4 million in the prior year’s fiscal
first quarter.
• Profit for the period was $0.8 million versus $1.3 million in prior year’s fiscal first quarter. Adjusted net income
was $1.5 million versus $1.7 million in prior year’s fiscal first quarter.

Fiscal Year 2011-12 Outlook

The Company continues to be optimistic of its long term growth prospects as the travel industry continues to increase
capacity to accommodate the demand for travel by the fast growing middle class and Internet population in India. The
company is currently maintaining its Fiscal 2012 full year guidance range for Revenue less service costs at $86 to
$89 million as global economic uncertainties persists.

Investment in ixigo

On July 4, 2011, MakeMyTrip entered into a share purchase agreement to acquire 19.9% of Le Travenues Technology Private Limited, which owns and operates www.ixigo.com, an online travel meta search engine. It has agreed to pay cash consideration of $4.8 million for the purchase of new shares as well as existing shares. SAIF, its largest shareholder, has also agreed to acquire 56.7% of Le Travenues Technology Private Limited for $13.7 million. It expects to complete this share acquisition this month.