MakeMyTrip Q4 Results: Net profit stands at $29 million, shares down 1.23% on Nasdaq. Here's why

MakeMyTrip Q4 Results: Online travel bookings platform, MakeMyTrip, announced its January to March quarter results for the financial year 2024-25 on Wednesday, 14 May 2025. The company witnessed an 83 per cent fall in its net profit for the fourth quarter to $29.2 million in the 2024-25 fiscal year. However, this decline is not due to the firm's operational reasons. 

The company made a net profit of $171.9 million in the same period of the previous financial year, due to a one-time credit of $126.1 million in recognition of deferred tax assets and a $30.6 million one-time gain due to the change in carrying value of our convertible notes due 2028 measured at amortised cost. 

Excluding the one-time gains, the profits for the fourth quarter of FY2024- 25 witnessed a rise in net profit to $29.3 million, compared to the profits excluding the non-operational gains of $15.2 million. 

MakeMyTrip's Business Snapshot

The online travel booking platform's gross bookings for the fourth quarter witnessed a 30.4 per cent year-on-year rise to $2,553.1 million, compared to $2,039 million in the same quarter in the previous fiscal.

MakeMyTrip's revenues as per IFRS rose 25.6 per cent year-on-year (YoY) to $245.5 million in constant currency in the January to March quarter results, compared to $202.9 million in the same period a year ago. 

“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 personalized customer experiences across our platform have helped us to grow our customer base as well as drive high repeat bookings,” said Rajesh Magow, Group CEO of MakeMyTrip in the press statement.

MakeMyTrip Share Price

MakeMyTrip shares were trading 1.23 per cent higher in the pre-market session on the New York-based Nasdaq Composite Index at $107.90 ahead of the US stock market open on Wednesday, May 14.

MakeMyTrip shares are trading 0.58 per cent lower at $105.97 as of 10:04 a.m. (EDT) on May 14, compared to $106.59 at the previous US stock market close.

The travel booking platform's shares have given stock market investors more than 700 per cent returns on their investments in the last five years and 38.37 per cent returns in the last one-year period.

However, on a year-to-date (YTD) basis, the shares have lost 8.39 per cent but are trading 8.82 per cent higher in the last one-month period, according to Nasdaq data.

The shares hit their 52-week high levels at $123, while the 52-week low level was at $72.55, according to data collected from MarketWatch. The travel aggregator's market capitalisation (M-Cap) was at $11.7 billion as of Tuesday, May 13, 2025.

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