Income Statement MakeMyTrip Limited

Equities

MMYT

MU0295S00016

Leisure & Recreation

Real-time Estimate Cboe BZX Other stock markets 03:29:27 2024-09-18 pm EDT			5-day change	1st Jan Change
107.36 ^USD	+2.94%		+7.67%	+128.84%

Jul. 23	Sector Update: Consumer Stocks Flat to Higher Pre-Bell Tuesday	MT
Jul. 23	MakeMyTrip Q1 Adjusted Earnings, Revenue Rise	MT

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Published financial data: MAKEMYTRIP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	475M	150M	286M	560M	729M
Other Revenues, Total	36.34M	13.56M	18.05M	32.68M	53.04M
Total Revenues	512M	163M	304M	593M	783M
Cost of Goods Sold, Total	288M	132M	176M	310M	363M
Gross Profit	224M	31.57M	128M	284M	420M
Selling General & Admin Expenses, Total	167M	22.74M	51.03M	102M	123M
Stock-Based Compensation (IS)	144K	-	-	-	-
Depreciation & Amortization - (IS)	33.68M	33.01M	29.36M	27.25M	27.24M
Other Operating Expenses	147M	46.17M	75.44M	133M	203M
Other Operating Expenses, Total	348M	102M	156M	262M	354M
Operating Income	-124M	-70.36M	-27.58M	21.46M	66.07M
Interest Expense, Total	-2.89M	-3.9M	-15.31M	-16.62M	-17.75M
Interest And Investment Income	3.33M	7.18M	9.98M	10.97M	24.31M
Net Interest Expenses	444K	3.28M	-5.33M	-5.65M	6.56M
Income (Loss) On Equity Invest.	-65K	-168K	34K	10K	52K
Currency Exchange Gains (Loss)	-13.73M	4.57M	-8.22M	-25.64M	-7.6M
Other Non Operating Income (Expenses)	-3.39M	-896K	-2.8M	-1.66M	28.66M
EBT, Excl. Unusual Items	-140M	-63.57M	-43.9M	-11.47M	93.74M
Merger & Related Restructuring Charges	-900K	-	-600K	-	-
Impairment of Goodwill	-272M	-	-	-	-
Gain (Loss) On Sale Of Investments	730K	-	2.26M	-803K	57K
Gain (Loss) On Sale Of Assets	-19K	-406K	-	-	-
Asset Writedown	-	-	-149K	27K	-872K
Legal Settlements	-30.8M	-	-4.7M	-	-
Other Unusual Items	-3.92M	3.43M	417K	100K	12K
EBT, Incl. Unusual Items	-448M	-60.55M	-46.67M	-12.14M	92.94M
Income Tax Expense	-29K	-4.51M	-1.11M	-976K	-124M
Earnings From Continuing Operations	-448M	-56.04M	-45.57M	-11.17M	217M
Net Income to Company	-448M	-56.04M	-45.57M	-11.17M	217M
Minority Interest	-264K	403K	162K	-153K	58K
Net Income - (IS)	-448M	-55.64M	-45.4M	-11.32M	217M
Net Income to Common Incl Extra Items	-448M	-55.64M	-45.4M	-11.32M	217M
Net Income to Common Excl. Extra Items	-448M	-55.64M	-45.4M	-11.32M	217M
Per Share Items
Net EPS - Basic	-4.26	-0.52	-0.42	-0.1	1.95
Basic EPS - Continuing Operations	-4.26	-0.52	-0.42	-0.1	1.95
Basic Weighted Average Shares Outstanding	105M	107M	108M	110M	111M
Net EPS - Diluted	-4.26	-0.52	-0.42	-0.1	1.74
Diluted EPS - Continuing Operations	-4.26	-0.52	-0.42	-0.1	1.74
Diluted Weighted Average Shares Outstanding	105M	107M	108M	110M	118M
Normalized Basic EPS	-0.84	-0.37	-0.25	-0.07	0.53
Normalized Diluted EPS	-0.84	-0.37	-0.25	-0.07	0.5
Supplemental Items
EBITDA	-105M	-51.65M	-10.77M	38.44M	82.7M
EBITA	-109M	-56.29M	-13.73M	35.57M	79.04M
EBIT	-124M	-70.36M	-27.58M	21.46M	66.07M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	512M	163M	304M	593M	783M
Effective Tax Rate - (Ratio)	0.01	7.44	2.37	8.04	-133.21
Total Current Taxes	349K	80K	134K	873K	2.34M
Total Deferred Taxes	-378K	-4.59M	-1.24M	-1.85M	-126M
Normalized Net Income	-88.06M	-39.33M	-27.27M	-7.32M	58.65M
Interest on Long-Term Debt	4.72M	4.44M	16.02M	17.25M	18.62M
Non-Cash Pension Expense	668K	245K	306K	383K	174K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	167M	22.74M	51.03M	102M	123M
Selling and Marketing Expenses	167M	22.74M	51.03M	102M	123M
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	9.21M	9.66M	9.09M	6.86M	6.66M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	5.9M	3.9M	-	-	-
Stock-Based Comp., COGS (Total)	41.49M	35.59M	36.64M	35.64M	36.96M
Stock-Based Comp., Other (Total)	144K	-	-	-	-
Total Stock-Based Compensation	41.63M	35.59M	36.64M	35.64M	36.96M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	130M	295M	213M	284M	327M
Short Term Investments	37.82M	130M	264M	197M	280M
Total Cash And Short Term Investments	168M	425M	477M	481M	607M
Accounts Receivable, Total	53.41M	25.18M	35.91M	68.85M	92.2M
Other Receivables	4.45M	2K	-	117K	4.95M
Notes Receivable	-	-	-	49K	24K
Total Receivables	57.85M	25.18M	35.91M	69.01M	97.17M
Inventory	36K	40K	11K	25K	218K
Prepaid Expenses	3.06M	2.99M	4.23M	3.52M	4.61M
Other Current Assets, Total	50.36M	48.08M	73.75M	118M	148M
Total Current Assets	279M	501M	591M	672M	857M
Gross Property Plant And Equipment	56.86M	47.34M	47.53M	54.05M	47.93M
Accumulated Depreciation	-20.86M	-25.18M	-28.22M	-28.67M	-22.04M
Net Property Plant And Equipment	36M	22.16M	19.31M	25.38M	25.9M
Long-term Investments	9.25M	35.81M	7.6M	8.96M	4.35M
Goodwill	607M	620M	601M	562M	560M
Other Intangibles, Total	115M	101M	84.51M	67.47M	53.5M
Accounts Receivable Long-Term	2.66M	2.15M	3.71M	6.18M	7.7M
Loans Receivable Long-Term	-	55K	53K	-	-
Deferred Tax Assets Long-Term	-	-	-	-	129M
Other Long-Term Assets, Total	34.29M	26.74M	15.05M	18.43M	22.16M
Total Assets	1.08B	1.31B	1.32B	1.36B	1.66B
Liabilities
Accounts Payable, Total	21.02M	23.81M	33.52M	45.75M	67.05M
Accrued Expenses, Total	62.48M	47.94M	51.41M	69.71M	86.78M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	333K	309K	437K	217M	1.12M
Current Portion of Leases	3.64M	2.03M	2.34M	2.63M	3.69M
Unearned Revenue Current, Total	33.6M	34.3M	53.6M	75.48M	93.06M
Other Current Liabilities	58.8M	85.8M	49.92M	43.2M	45.87M
Total Current Liabilities	180M	194M	191M	454M	298M
Long-Term Debt	698K	188M	202M	1.9M	204M
Long-Term Leases	20.92M	13.62M	11.61M	13.75M	12.97M
Unearned Revenue Non Current	1.84M	1.27M	434K	240K	413K
Pension & Other Post Retirement Benefits	6.34M	7.48M	9.09M	8.89M	11.66M
Deferred Tax Liability Non Current	1.78M	3.86M	2.6M	822K	4.75M
Other Non Current Liabilities	9.48M	9.4M	9.13M	4.51M	12.44M
Total Liabilities	221M	418M	426M	484M	544M
Common Stock, Total	52K	53K	53K	53K	55K
Additional Paid In Capital	1.99B	2.02B	2.03B	2.06B	2.16B
Retained Earnings	-1.15B	-1.2B	-1.21B	-1.23B	-1.02B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	20.23M	69.6M	73.57M	40.14M	-29.9M
Total Common Equity	858M	888M	894M	870M	1.11B
Minority Interest	4.06M	3.67M	2.34M	6.49M	5.56M
Total Equity	862M	891M	896M	876M	1.12B
Total Liabilities And Equity	1.08B	1.31B	1.32B	1.36B	1.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	103M	105M	105M	106M	110M
ECS Total Common Shares Outstanding	103M	105M	105M	106M	110M
Book Value / Share	8.31	8.47	8.49	8.19	10.12
Tangible Book Value	136M	167M	208M	241M	497M
Tangible Book Value Per Share	1.32	1.59	1.98	2.27	4.53
Total Debt	25.58M	204M	217M	235M	222M
Net Debt	-142M	-221M	-261M	-246M	-385M
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.83M	5.85M	7.26M	7.09M	9.32M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	4.06M	3.67M	2.34M	6.49M	5.56M
Equity Method Investments, Total	5.36M	5.26M	3.56M	2.07M	2.02M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	853K	892K	839K	818K	768K
Buildings, Total	513K	537K	505K	486K	462K
Machinery, Total	20.32M	17.38M	18.56M	19.94M	20.74M
Full Time Employees	3.96K	3.26K	3.34K	4.09K	4.58K

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-448M	-55.64M	-45.4M	-11.32M	217M
Depreciation & Amortization - CF	9.35M	8.97M	6.02M	6.1M	7.44M
Amortization of Goodwill and Intangible Assets - (CF)	14.72M	14.07M	13.85M	14.11M	12.96M
Depreciation & Amortization, Total	24.07M	23.04M	19.88M	20.2M	20.4M
Amortization of Deferred Charges, Total - (CF)	9.61M	9.97M	9.48M	7.04M	6.85M
(Gain) Loss From Sale Of Asset	19K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-700K	-	-2.25M	-2.02M	-
Asset Writedown & Restructuring Costs	272M	406K	149K	-27K	10.92M
(Income) Loss On Equity Investments - (CF)	65K	168K	-34K	-10K	-52K
Stock-Based Compensation (CF)	41.63M	35.59M	36.64M	35.64M	36.96M
Other Operating Activities, Total	40.34M	-1.76M	25.71M	30.48M	-161M
Change In Accounts Receivable	-1.97M	34.62M	-11.01M	-37.68M	-25.11M
Change In Inventories	560K	-2K	29K	-6K	-195K
Change In Accounts Payable	-82.11M	-18.31M	26.54M	42.68M	42.52M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	31.38M	36.44M	-53.72M	-52.92M	-22.14M
Cash from Operations	-113M	64.53M	6M	32.06M	126M
Capital Expenditure	-3.54M	-642K	-3.1M	-7.49M	-5.9M
Sale of Property, Plant, and Equipment	120K	423K	304K	410K	389K
Cash Acquisitions	-14.63M	-	-	-1.46M	-6.48M
Sale (Purchase) of Intangible assets	-9.22M	-8.13M	-9.81M	-9.41M	-6.92M
Investment in Marketable and Equity Securities, Total	96.78M	-116M	-111M	56.54M	-77.72M
Other Investing Activities, Total	4.33M	5.91M	46.22M	8.18M	21.04M
Cash from Investing	73.83M	-119M	-77.6M	46.78M	-75.59M
Long-Term Debt Issued, Total	702K	230M	1.17M	2.17M	2.11M
Total Debt Issued	702K	230M	1.17M	2.17M	2.11M
Long-Term Debt Repaid, Total	-6.53M	-2.55M	-2.25M	-3.16M	-4.11M
Total Debt Repaid	-6.53M	-2.55M	-2.25M	-3.16M	-4.11M
Issuance of Common Stock	-	293K	36K	2.2M	6M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-5.16M	-8.54M	-8.52M	-7.41M	-10.23M
Cash from Financing	-10.99M	219M	-9.57M	-6.21M	-6.24M
Foreign Exchange Rate Adjustments	1.78M	123K	-608K	-1.9M	-867K
Net Change in Cash	-48.11M	165M	-81.78M	70.74M	43.05M
Supplemental Items
Cash Interest Paid	1.98M	2.56M	2.36M	2.38M	2.8M
Cash Income Tax Paid (Refund)	8.77M	-12.37M	-11.06M	4.36M	10.58M
Levered Free Cash Flow	-27.68M	64.4M	-14.75M	17.78M	80.56M
Unlevered Free Cash Flow	-25.87M	66.84M	-5.18M	28.17M	91.65M
Change In Net Working Capital	11.09M	-50.98M	41.03M	31.23M	1.03M
Net Debt Issued / Repaid	-5.83M	228M	-1.08M	-996K	-2M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-5.83	-3.68	-1.31	1	2.73
Return on Total Capital	-6.89	-4.43	-1.56	1.21	3.37
Return On Equity %	-40.32	-6.39	-5.1	-1.26	21.76
Return on Common Equity	-40.42	-6.37	-5.1	-1.28	21.89
Margin Analysis
Gross Profit Margin %	43.78	19.31	42.2	47.8	53.65
SG&A Margin	32.57	13.91	16.79	17.13	15.76
EBITDA Margin %	-20.52	-31.6	-3.54	6.48	10.57
EBITA Margin %	-21.31	-34.44	-4.52	6	10.1
EBIT Margin %	-24.19	-43.05	-9.08	3.62	8.44
Income From Continuing Operations Margin %	-87.49	-34.29	-14.99	-1.88	27.7
Net Income Margin %	-87.54	-34.04	-14.94	-1.91	27.71
Net Avail. For Common Margin %	-87.54	-34.04	-14.94	-1.91	27.71
Normalized Net Income Margin	-17.22	-24.06	-8.97	-1.23	7.49
Levered Free Cash Flow Margin	-5.41	39.4	-4.85	3	10.29
Unlevered Free Cash Flow Margin	-5.06	40.9	-1.7	4.75	11.71
Asset Turnover
Asset Turnover