MakeMyTrip Limited, (MMYT), an online travel products and solutions provider in India and the US, Wednesday reported a loss for the fourth quarter, on higher expenses, in spite of an increase in revenues.
For the three-month period, the company reported net loss of $20.32 million or loss per share of $0.54, compared with net profit of $6.18 million or $0.16 per share reported in the comparable period last year. On an adjusted basis, the company reported net loss of $6.5 million or $0.17 per share, compared with adjusted profit of $3.08 million or $0.08 per share last year.
Revenues for the quarter increased to $55.1 million from $46.9 million last year. Revenue less service costs declined to $21.7 million from $22.09 million during the same period last year.
Other operating expenses widened to $19.4 million from $13.6 million last year, while the procurement cost of hotel and packages services increased to $32.4 million from $21.7 million previous year. Income tax expenses were $10.6 million for the first quarter, compared with income tax benefit of $6 million a year ago.
Looking forward, the company initiated its 2014 revenue less service costs guidance in the range of approximately $101 million to $106 million at a planned average exchange rate of INR 54.43 to a U.S. Dollar.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.