Business · Companies · 8 hrs ago
MakeMyTrip returns to profit as bookings grow despite travel headwinds
MakeMyTrip reported a $1.8 million net profit for the quarter ended September 30, compared with a $5.7 million loss a year earlier.
The Nasdaq-listed travel company also recorded $46.2 million in adjusted net profit, up 27% from the same quarter last year.
Gross bookings grew 20.9% in constant currency to $2.72 billion, while revenue rose 11.2% in constant currency to $235.2 million.
The rupee’s fall against the dollar reduced reported growth, and higher fares and a weaker rupee dampened overseas travel from India.
Strong domestic demand partly offset those pressures, while constrained flight capacity also weighed on air ticketing.
Bus ticketing revenue rose 16.6%, but hotel and package revenue fell 1% year on year.
MakeMyTrip has filed confidentially for a subsidiary IPO, but its timing depends on regulatory approvals and market conditions.
MakeMyTrip reported a consolidated net profit of $1.8 million for the quarter ended September 30, 2026, compared with a $5.7 million loss a year earlier.
Revenue rose 2.5% to $235.2 million in reported dollars, while constant-currency revenue growth was 11.2%.
Gross bookings reached $2.72 billion, up 20.9% on a constant-currency basis.
Strong domestic travel demand partly offset weaker international long-haul travel, which was affected by higher airfares and a weaker rupee.
Adjusted net profit rose 27% to $46.2 million.
- Who
- Nasdaq-listed travel platform MakeMyTrip.
- What
- It reported a $1.8 million quarterly net profit, compared with a $5.7 million loss a year earlier.
- When
- The quarter ended September 30, 2026; results were announced on October 26, 2026.
- Where
- The results cover MakeMyTrip’s business; the company is based in India. The sources do not state a specific reporting location.
- Why
- Higher operating profit and lower net finance costs helped the company swing to profit. Strong domestic travel demand partly offset pressures on international travel.
This story does not have two clearly opposing sides.
The quarter ended, with MakeMyTrip reporting net profit of $1.8 million.
MakeMyTrip announced its quarterly results.
- Net profit
- $1.8 million, compared with a $5.7 million loss a year earlier
- Revenue
- $235.2 million, up 2.5% in reported dollars
- Constant-currency revenue growth
- 11.2%
- Gross bookings
- $2.72 billion, up 20.9% on a constant-currency basis
- Adjusted net profit
- $46.2 million, up 27%
4 sources
What people are saying
Both high fares and constrained capacity impacted demand, leading to an overall decline in flown passengers.
We delivered strong growth despite a challenging travel environment, with gross bookings increasing 20.9 percent year-on-year in constant currency to $2.7 billion.
Nevertheless, strong domestic travel demand during the quarter partially offset these factors and supported our overall performance.