MakeMyTrip records USD 9.8 bn gross bookings for FY25
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Profit for Q4 FY25 was USD 29.2 million, compared to USD 171.9 million in Q4 FY24.
MakeMyTrip Limited announced its unaudited financial and operating results for its fiscal fourth quarter and full year ended March 31, 2025. The company reported gross booking surge by 30.4% YoY in constant currency to USD 2,553.1 million in Q4 FY25 from USD 2,039.0 million in Q4 FY24.
The revenue of the company as per IFRS grew by 25.6% YoY in constant currency to USD 245.5 million in Q4 FY25 from USD 202.9 million in Q4 FY24. The adjusted Operating Profit registered growth of 37.9% YoY and reached USD44.7 million in Q4 FY25 compared to USD32.4 million in Q4 FY24.
Profit for Q4 FY25 was USD 29.2 million, compared to USD 171.9 million in Q4 FY24. Last year’s profit includes a one-time net credit of USD126.1 million on recognition of deferred tax assets and a one-time gain of USD 30.6 million due to the change in carrying value of its convertible notes due 2028 measured at amortised cost. Excluding these one-time gains, Profit for Q4 FY24 was USD 15.2 million.
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said, “We delivered record gross bookings and revenue this fiscal year with robust growth and expanding margins underscoring the strength of our platform, the popularity of our brands, and the sustained momentum in both domestic and international travel demand. Our investments in new demand segments and personalised customer experiences across our platform have helped us to grow our customer base as well as drive high repeat bookings.”
Commenting on the results, Mohit Kabra, Group Chief Financial Officer, MakeMyTrip, said, “Our strong customer-centric focus — especially in offering an ever-expanding range of personalised travel services — is enabling us to consistently deliver strong financial performance. At the same time, we remain committed to driving operational efficiency and leveraging our fixed cost base. This has helped us to expand margins while we continue to strategically reinvest in key growth areas across our platform.”