MakeMyTrip posts Q3 profit at USD 0.2 million

NewsDrum Desk
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New Delhi, Jan 31 (PTI) Travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 0.2 million in the third quarter ended December 2022.

The NASDAQ-listed firm had posted a loss of USD 9 million in the year-ago period, it said in a statement.

In the third quarter gross bookings grew by 64.4 per cent in constant currency year-on-year to USD 1.74 billion, the highest-ever in the company's history, it added.

"Positive consumer sentiment and peak seasonality on the back of festivals and holidays led to improved travel demand during this quarter. As a result, we recorded our highest-ever quarterly gross bookings and adjusted operating profit," MakeMyTrip Group CEO Rajesh Magow said. PTI RKL SHW