MakeMyTrip Q4 Profit Declines 83% YoY To $29 Mn

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SUMMARY

The Nasdaq-listed company’s $171.9 Mn profit for Q4 FY24 included a credit of $126.1 Mn on recognition of deferred tax assets and a one-time gain of $30.6 Mn

Minus the one-off gains, the company’s profits rose 92% YoY

While Q4’s revenue rose 21% YoY to $245.5 Mn, it dipped 8% on a sequential basis

Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter.

It is important to note that the Nasdaq-listed company’s profit…



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MakeMyTrip Q4 Profit Declines 83% YoY To $29 Mn


SUMMARY

The Nasdaq-listed company’s $171.9 Mn profit for Q4 FY24 included a credit of $126.1 Mn on recognition of deferred tax assets and a one-time gain of $30.6 Mn

Minus the one-off gains, the company’s profits rose 92% YoY

While Q4’s revenue rose 21% YoY to $245.5 Mn, it dipped 8% on a sequential basis

Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter.

It is important to note that the Nasdaq-listed company’s profit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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