The company's adjusted operating loss was $12.9 million in the second quarter of 2021 versus a loss of $19.3 million in the second quarter of 2020, reflecting an … For the quarter ending 30 September 2019, MakeMyTrip reported revenue worth $118 Million. MakeMyTrip had recorded $6.4 Mn in revenue last quarter, representing 95.5% annual fall. See insights on MakeMyTrip including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Revenue is forecast to grow 20.7% this quarter before jumping 58.8% for the next one. Revenue for the quarter stood at $21.1 million, up by 18.9% from the previous quarter revenue of $6.4 million. However, this is a significant drop of nearly 82.2% as compared to Q2FY20, which generated $118 million in revenue. Revenue for the quarter stood at $21.1 million, up by 18.9% from the previous quarter revenue of $6.4 million. Please check your download folder. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. "More than 10.3 million cases of #COVID19 have now been reported to WHO, and more than 506,000 deaths. But the analysts are intensifying their growth estimates for the 2020 fiscal year. But it will take many quarters for MakeMyTrip to come out from these challenging times. Loss per share stood at $3.20, while gross bookings reduced 12% to $1.2 billion. Read more about MakeMyTrip narrows adjusted operating cash loss to $5.5 mn in Q4 on Business Standard. Loss per share stood at $3.20, while gross bookings reduced 12% to $1.2 billion. MakeMyTrip’s Q4 financial results reflected the decreased revenues in air ticketing, hotels and packages segments and a slowdown in bus ticketing revenue growth. ; Revenue for 2Q20 increased 14.2% YoY to $118.0 million and Adjusted Revenue … MakeMyTrip annual revenue increased from $447.6 million in 2017 to $675.3 million in 2018, a (50.9%) increase. As news flow of COVID-19 outbreaks in Southeast Asia and Europe increased in the last week of February, cancellations of tickets started and bookings declined across the company’s outbound travel products. Also, MakeMyTrip expects online booking for travel and hotels to increase gradually once the pandemic gets over. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS Financial Highlights for Fiscal 2020 Fourth Quarter and Full Year (Year over Year (YoY) growth % are based on constant currency (1); please see table below for YoY growth % on actual basis) •Gross Bookings(5) in 4Q20 reached $1.2 billion and $6.1 billion in FY20. The company expects essential business, family and medical travel to be one of the first drivers of the pent-up travel demand. Other Revenue. The chipmaker reported Q4 revenue of $6.47 billion, up 12% year-over-year, and higher than the, Oracle Corporation (NYSE :ORCL) today reported its second quarter financial results for the period ended November 30, 2020. Through its primary website, www.makemytrip.com, and other technology-enhanced platforms, the Company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, a wide selection of hotels in and outside India, Indian Railways and several major Indian bus operators. 31 Oct, 2020… MakeMyTrip said since nationwide government-imposed lockdown orders had been slowly lifted in late May, it had seen a gradual recovery in travel demand, with sequential month on month improvements across all its lines of business. Other Revenue. Makemytrip (MMYT) reported a 2nd Quarter September 2020 loss of $0.20 per share on revenue of $21.1 million.. Revenue fell 82.2% compared to the same quarter a year ago. MakeMyTrip revenue from 2010 to 2020. MakeMyTrip reports a decrease of 82.2% in revenue but sees growth from last quarter 10/27/2020 | 9:39:52 PM | ChinaTravelNews 中文 Results from Operating Activities was a loss of $26.1 million in 2Q21 versus a loss of $31.9 million in 2Q20, reflecting an improvement of $5.8 million YoY. The company also canceled all discretionary spending like events and training and suspended brand-building expenses. October 26, 2018. India-based online travel group MakeMyTrip reported revenue of $104.9 million in the quarter ended March 31, 2020 before the pandemic took its toll. The impact of COVID-19 has drastically curtailed travel demand in terms of consumer sentiment and their ability to travel. For the past week, the number of new cases has exceeded 160,000 on every single day"-@DrTedros. New York, June 23, 2020 -- New Delhi and New York, June 23, 2020 MakeMyTrip Limited (Nasdaq:MMYT) plans to report its fiscal 2020 fourth quarter and full year results before. 60 percent share. However, this is a significant drop of nearly 82.2% as compared to Q2FY20, which generated $118 million in revenue. Save more money with the biggest store about printable coupons, promo codes, discount & deals. Similarly, 85-90 percent revenue of the hotel business is from domestic travel. According to Worldometersinfo, 10.6 million people have got COVID-19 as of writing this article. This is nevertheless an 3x of Q1FY21 revenue of $6.4 million. MakeMyTrip Limited (MMYT) Q4 2020 Earnings Call Transcript ... was over 21% year-on-year for the first nine months of fiscal 2020. Domestic travel holds the top position in air ticket revenue i.e. Current and historical p/e ratio for MakeMyTrip (MMYT) from 2010 to 2020. MakeMyTrip Limited (MMYT) shares are +52.01% up over the last 6 months, with its year-to-date growth rate lower than industry average at -76.53% against 34%. Online travel company MakeMyTrip on Tuesday announced its unaudited interim financial results for the second quarter ended September 30 for the fiscal 2021. Find detailed stats on MakeMyTrip revenue on Craft. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Our Q3 adjusted … MakeMyTrip revenue scales to over 25% in Q2. In terms of business performance, MakeMyTrip in Q4 FY20 has recorded a revenue of $104.94 Mn, a fall of 12.6% Y-o-Y from $120.1 Mn in Q4 FY19. MakeMyTrip Limited is an online travel service company which offers travel products and solutions in India and the United States. MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc. The company also decreased marketing and sales promotion expenses by 10.5% to $40.1 million. On an adjusted basis, revenue declined 16% year-over-year. Top Entrepreneurs of India | Successful Indian Entrepreneurs [2019 List] Lakshya Singh. Starting from China in January, the travel restrictions were imposed across the world to combat COVID-19. This represents nearly $4.9 billion in gross bookings and constant currency growth of over 21% for the nine months of fiscal 2020. MakeMyTrip Limited (MMYT) shares are +52.01% up over the last 6 months, with its year-to-date growth rate lower than industry average at -76.53% against 34%. This scenario makes the situation worse for MakeMyTrip. Revenue is forecast to grow 20.7% this quarter before jumping 58.8% for the next one. Salary cuts were also announced across all its group companies – MakeMyTrip, Goibibo, and redBus – in the same month to sustain their business for the long term. MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS Financial Highlights for Fiscal 2020 Fourth Quarter and Full Year (Year over Year (YoY) growth % are based on constant currency (1); please see table below for YoY growth % on actual basis) •Gross Bookings(5) in 4Q20 reached $1.2 billion and $6.1 billion in FY20. Travel, tourism, and hotel are some of the worst affected industries because of the global pandemic. MakeMyTrip Quarterly Revenue (Millions of US $) 2020-09-30: $21: 2020-06-30: $6: 2020-03-31: $105: 2019-12-31: $147: 2019-09-30: $118: 2019-06-30: $142: 2019-03-31: $120: 2018-12-31: $125: 2018-09-30: $104: 2018-06-30: $137: 2018-03-31: $158: 2017-12-31: $172: 2017-09-30: $153: 2017-06-30: $192: 2017-03-31: $120: 2016-12-31: $123: 2016-09-30: $83: 2016-06-30: $121: 2016-03-31: $88: 2015-12-31: $89: … Last Friday, India-based online travel company MakeMyTrip (NASDAQ: MMYT) reported its fourth quarter 2020 results. MakeMyTrip's Q2 revenue is a fifth of what it made last year Trisha Jalan Home » Deep Kalra , Earnings , Earnings Oct-20 , GoIbibo , MakeMyTrip , Travel In the third quarter of FY 2019-2020, its revenue increased from $118 Million in Q2 to $146.9 Million. Our Total Adjusted Revenue decreased by 16.0% (13.0% in constant currency) to $137.2 … MakeMyTrip Limited to Report Fiscal 2020 First Quarter Financial & Operating Results on July 30, 2019. The company made 18.9% of the revenue in Q2FY21 that it made in Q2FY20. The company’s total liquidity stood at $174 million as of June 2020 … MakeMyTrip has generated revenue of $146.9 million in the third quarter of FY 2019-2020 wherein, it was recorded $118 million in the second quarter of the same financial year. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. — MakeMyTrip Limited (NASDAQ: MMYT) reported a third-quarter 2020 adjusted loss of $0.15 per share versus a loss of $0.26 per share expected.— Total revenue grew by 18% to $146.89 million versus $199.52 million expected. Shubham Kumar. In hotels business, the company had introduced free cancellations and enhanced pay later options to ease the customer’s future bookings. Total Adjusted Revenue falls to $137.2 million in the quarter ended March 31, 2020 from $163.3 million in the same quarter last year Gross Bookings (5) increased 20.6% YoY in 2Q20 to $1.5 billion. During the quarter, gross bookings grew 20.6% year-over-year to $1.5 billion. NEW. Thus, the company's revenue increased by 15.9% YOY to 146.9 Million from $124.8 Million in Quarter 3 … Despite disruptions in India’s travel industry, MakeMyTrip reported a 13.6% year-over-year increase in adjusted revenue to $181.1 million for the second quarter of 2020, beating analyst expectations by $1.09 million. The Government of India implemented the lockdown from March 25, 2020. … On an adjusted basis, revenue declined 16% year-over-year. But the analysts are intensifying their growth estimates for the 2020 fiscal year. MakeMyTrip has narrowed its adjusted operating loss for the first quarter of 2020 by $3.6 million to $29.2 million.. The Gurugram, India-based company reported gross bookings up 24% to $1.7 billion for the quarter ended June 30, 2019, and adjusted revenue up 21% to $198.5 million. MakeMyTrip has 3,051 employees across 3 locations and $675.26 M in annual revenue in FY 2018. MakeMyTrip annual revenue increased from $447.6 million in 2017 to $675.3 million in 2018, a (50.9%) increase. Shubham Kumar. Download this Press Release PDF Format (opens in new window) PDF. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Dow Jones Industrial Average retreated from the 30,000-mark mid-week as the impasse over the stimulus bill continued and jobless claims climbed to a three-month high. Online travel company MakeMyTrip on Tuesday announced its unaudited interim financial results for the second quarter ended September 30 for the fiscal 2021. The revenue of MakeMyTrip Limited in fiscal year 2019 amounted to around 486 million U.S. dollars, which was a … The rest of the leadership team has also offered to take a 50% cut in their compensation. India’s largest travel company MakeMyTrip thought it was well spread out in the sector to reduce dependency on any one line of revenue. Jul 23, 2019. Nasdaq listed MakeMyTrip Limited (MMYT) generated revenues of $21.1 million in the fiscal second quarter of 2021 ended September 30, a decrease of 82.2% The Gurugram, India-based company reported gross bookings up 24% to $1.7 billion for the quarter ended June 30, 2019, and adjusted revenue up 21% to $198.5 million. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Last Friday, India-based online travel company MakeMyTrip (NASDAQ: MMYT) reported its fourth quarter 2020 results. MakeMyTrip Limited is based in Gurgaon, India. The S&P 500 index shed, Broadcom (NASDAQ: AVGO) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. April 28, 2020. Makemytrip (MMYT) Recent Earnings. Online travel aggregator MakeMyTrip (MMT) has reported revenue of $118 million for the quarter ended September 30, 2019, an increase of 13.8% YoY. MAKEMYTRIP LIMITED (Translation of registrant’s name into English) ... 2020. Revenue reduced 12.7% annually in the fourth fiscal quarter. In March, the company’s top executives Kalra and Rajesh Magow had opted to draw ‘zero salary’ from April 2020 and its leadership team had also opted for a 50% voluntary pay cut. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Published by Sandhya Keelery , Oct 16, 2020. The graph here shows the Top 4 countries that are affected by the pandemic. In March, MakeMyTrip announced that it will sharply reduce variable costs like advertising, sales promotions and payment gateway costs, along with optimizing IT infrastructure and expenses relating to the functioning of its offices and other establishments. Revenue reduced 12.7% annually in the fourth fiscal quarter. 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