MakeMyTrip Limited
MMYT
$73.69 -1.54%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Travel Services
Q2 2025
Published: Oct 23, 2024

Earnings Highlights

  • Revenue of $210.99M up 25.1% year-over-year
  • EPS of $0.16 increased by 700% from previous year
  • Gross margin of 54.6%
  • Net income of 17.85M
  • "Rajesh Magow: 'We have been consistently outpacing the industry's growth on the back of continued supply-side expansion.'" - Rajesh Magow
MMYT
MakeMyTrip Limited

Executive Summary

MakeMyTrip Limited reported a strong performance in Q2 2025, with total gross bookings hitting $2.3 billion, representing a year-over-year growth of 24.3% in constant currency. The quarterly revenue reached $210.99 million, reflecting a robust year-over-year increase of 26.5%. Despite facing headwinds from unusual heavy rainfall affecting demand in traditionally low-season periods, management noted resilience and continued momentum in both domestic and international markets. Adjusted operating profit grew significantly, by 33%, to $37.5 million, underlining the company’s effective cost management strategies and focus on enhancing customer experience through technological advancements such as AI-driven solutions. The outlook remains positive as India's economic growth supports increasing discretionary spending on travel.

Key Performance Indicators

Revenue
Increasing
210.99M
QoQ: -17.10% | YoY: 25.08%
Gross Profit
Decreasing
115.14M
54.57% margin
QoQ: -7.56% | YoY: -10.34%
Operating Income
Increasing
25.97M
QoQ: -6.61% | YoY: 286.80%
Net Income
Increasing
17.85M
QoQ: -15.11% | YoY: 762.05%
EPS
Increasing
0.16
QoQ: -15.79% | YoY: 700.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 268.85 0.22 +32.5% View
Q3 2025 267.36 0.23 +24.8% View
Q2 2025 210.99 0.16 +25.1% View
Q1 2025 254.52 0.19 +29.4% View
Q4 2024 202.89 1.26 +36.6% View