MakeMyTrip reports 24.5% revenue growth in 3Q BACK
Marketing
MakeMyTrip reports 24.5% revenue growth in 3Q
14/02/2013 by WiT

MakeMyTrip Limited (Nasdaq:MMYT), India’s leading online travel company, announced its unaudited financial and operating results for its third fiscal quarter ended December 31, 2012.

  • Gross bookings for Hotels and packages increased by 67.2% yoy in 3Q13. Gross bookings for Air ticketing increased by 38.4% yoy in 3Q13.
  • Transactions for Hotels and packages improved by 68.2% yoy in 3Q13. Transactions for air ticketing grew by 15.5% yoy in 3Q13.
  • Revenue rose 24.5% yoy to $63.8 million in 3Q13 versus $53.8 million in 3Q12.
  • Revenue less service costs for Hotels and packages increased by 52.4% yoy in 3Q13. Hotels and packages contribution increased to 34.7% in 3Q13 versus 22.6% in 3Q12.

“MakeMyTrip has gained significant market share in both the air ticketing and hotels and packages business during this past high season quarter.” said Deep Kalra, Chairman and CEO. “We continue to lead the Indian OTA market in offering customers comprehensive set of travel products, including the broadest choice of online domestic and international hotels, while constantly improving their overall experience with MakeMyTrip.”

Full report here

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