MakeMyTrip Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 03:13 pm EST
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MakeMyTrip Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 103.29 million compared to USD 67.25 million a year ago. Revenue was USD 170.53 million compared to USD 115.02 million a year ago. Net income was USD 0.093 million compared to net loss of USD 9.07 million a year ago. Basic earnings per share from continuing operations was USD 0.001 compared to basic loss per share from continuing operations of USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.001 compared to diluted loss per share from continuing operations of USD 0.08 a year ago.
For the nine months, sales was USD 255.58 million compared to USD 112.14 million a year ago. Revenue was USD 444.51 million compared to USD 215.34 million a year ago. Net loss was USD 16.99 million compared to USD 41.34 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.38 a year ago.
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.