MakeMyTrip (MMT) brought in $229.3 million in revenue in the fiscal second quarter ending on September 30, 2025. This was an increase of 8.7% Year over Year (YoY) over the previous year’s figure of $211 million. The company earned $34.4 million as operating income in Q2FY26, an increase of 31.9% YoY from $26.1 million in the previous year. However, the company ended the quarter at a loss of $5.7 million, which is a 132% YoY decline over the previous year’s profit of $17.9 million. The company’s adjusted profit, according to non-IFRS (International Financial Reporting Standards) measures, was $36.4 million, still a decline of 10.7% as compared to last year’s profit of $40.7 million.
The company attributed the loss to a drastic increase in net finance costs, reaching $35.9 million this quarter from $0.5 million last year. This was primarily due to an increase of $24.3 million in interest expense on financial liabilities measured at amortised cost and an increase of $11.2 million in foreign exchange losses in Q2FY26.
Segment-wise Breakdown of the Company Revenue:
The air ticketing business of MakeMyTrip brought in $61 million in revenue this quarter, with a nominal increase of 0.02% YoY. The company attributed short-term supply constraints in air ticketing as a reason for the “stable performance”. The company also saw a marginal increase of 1.1% in gross bookings. Meanwhile, “customer inducement costs”, which include expenses like customer incentives, customer acquisition costs and loyalty program costs, came out to $41.8 million in Q2FY26. MMT generally records customer inducement costs as a reduction in revenue. Their adjusted revenue, minus these expenses, would be $102.8 million, with inducement costs being over 40% of this figure.
The hotels and packages segment brought in over $108.2 million in revenue this quarter, increasing 4.9% YoY from $103.2 million in Q2FY25. There was an increase in gross bookings of 12.9%, which was primarily driven by an 18% increase in the number of hotel-room nights in the quarter, due to increased travel demand in India. The customer inducement costs were $42.4 million, or around 40% of the adjusted margin.
Bus ticketing brought in $33.5 million in revenue in Q2FY26, a 35% YoY increase from $24.8 million in the previous year. The company saw an increase of 37.7% in gross bookings, driven by a 39.2% increase in the number of bus tickets travelled YoY. Customer inducement costs were $4.3 million, or only around 11.4% of adjusted margin.
The company’s other businesses brought in $26.6 million in revenue this quarter, a 21% YoY increase from $22 million seen in Q2FY25, with customer inducement costs of $0.6 million.
“Other income” was $0.3 million this quarter, up from $0.1 million in the previous year.
The Expenses of MakeMyTrip:
Service costs rose by 3.5% to $51.5 million in this quarter, from $49.8 million a year earlier. The increase stemmed mainly from…
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We blogs.grocliq.com want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at [email protected]
