MakeMyTrip Limited's (MMYT) stock fell 5.65 percent, to $62.60 on Friday after the announcement of the third quarter results, which reported a 73.1 percent decline in profit, to $7.3 million, or $0.07 per share, from $27.1 million, or $0.23 per share, last year.
The significant decline in profit was primarily due to higher net finance costs, which jumped to $27.7 million from $4.8 million in the earlier year.
On an adjusted basis, net profit improved to $50.7 million, or $0.52 per share, in the quarter, up 4.7 million from $46.0 million, or $0.39 per share, in the prior year.
Meanwhile, revenue climbed 10.6 percent, to $295.7 million from $267.4 million in the previous year, mainly due to strong travel demand in India for both domestic and international outbound travel.
In the pre-market hours, MMYT is trading at $62.66, up 0.10 percent on the Nasdaq.
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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.