The company posted profit of $171.9 million for the quarter, which included a one-time credit of $126.1 million on the recognition of deferred tax assets and a one-time gain of $30.6 million due to the change in the value of convertible notes due 2028. Amortized Cost”.
Rajesh Magove, Group Chief Executive Officer, MakeMyTrip, said Indians are responding to the call to travel with a new enthusiasm, with demand for leisure and business travel in the country surpassing pre-pandemic levels.
“Our strategy to serve our millions of customers and first-time travelers through a broad portfolio of travel and ancillary products with personalized experiences is delivering results,” he said.
Last month, the company announced that it has expanded its reach to more than 15 countries, including key travel markets like the UK, Germany, Japan, Italy France and others.
“We are pleased to have bounced back strongly from the COVID-19 pandemic, recording our best-ever financial performance in terms of both gross bookings and profits during FY2024,” Mago said.
Rajesh Magove, Group Chief Executive Officer, MakeMyTrip, said Indians are responding to the call to travel with a new enthusiasm, with demand for leisure and business travel in the country surpassing pre-pandemic levels.
“Our strategy to serve our millions of customers and first-time travelers through a broad portfolio of travel and ancillary products with personalized experiences is delivering results,” he said.
Last month, the company announced that it has expanded its reach to more than 15 countries, including key travel markets like the UK, Germany, Japan, Italy France and others.
“We are pleased to have bounced back strongly from the COVID-19 pandemic, recording our best-ever financial performance in terms of both gross bookings and profits during FY2024,” Mago said.
