This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MakeMyTrip Limited Announces Fiscal 2013 Third Quarter Results

Stocks in this article: MMYT

Financial Highlights for Fiscal 2013 Third Quarter (Year over Year (YoY) growth % are on constant currency basis (1); please see table below for YoY growth % on actual basis)

  • Gross bookings (5) 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 (2) 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.

GURGAON, India and NEW YORK, Feb. 7, 2013 (GLOBE NEWSWIRE) --

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

"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."

(in thousands except EPS) 3 months Ended December 31, 2011 3 months Ended December 31, 2012 YoY Change YoY Change in Constant Currency (1)
Financial Summary as per IFRS        
Revenue  $ 53,806.9  $ 63,830.0 18.6% 24.5%
Revenue Less Service Costs (2)  $ 23,654.7  $ 22,353.7 -5.5% -0.4%
Air Ticketing  $ 17,367.4  $ 13,538.9 -22.0% -17.2%
Hotels & packages  $ 5,340.4  $ 7,848.5 47.0% 52.4%
Other  $ 947.0  $ 966.3 2.0% 6.9%
Results from Operating Activities   $ 1,282.9  $ (6,148.3)    
Adjusted Operating Profit (Loss) (3)  $ 4,316.4  $ (2,226.5)    
Income (Loss) for the Period  $ 41.5  $ (5,235.9)    
Adjusted Net Income (Loss) (4)  $ 3,126.1  $ (2,552.6)    
Diluted Earnings (Loss) per Share  $ 0.001  $ (0.14)    
Adjusted Diluted Earnings (Loss) per Share (4)  $ 0.08  $ (0.07)    
Operating Metrics        
Gross Bookings (5)  $ 237,333.6  $ 324,424.1 36.7% 43.7%
Air Ticketing  $ 193,323.6  $ 253,514.0 31.1% 38.4%
Hotels & packages  $ 44,010.0  $ 70,910.1 61.1% 67.2%
Number of Transactions        
Air Ticketing 882.4 1019.5 15.5%  
Hotels & packages 110.9 186.5 68.2%  

(1) Constant currency refers to our financial results assuming constant foreign exchange rates for the current fiscal period based on the reporting for the historical average rate used in the prior year's comparable fiscal period.

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs