MakeMyTrip Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 25, 2022 at 04:34 pm IST
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MakeMyTrip Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was USD 67.25 million compared to USD 24.41 million a year ago. Revenue was USD 115.02 million compared to USD 56.81 million a year ago. Net loss was USD 9.07 million compared to USD 3.39 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.03 a year ago.
For the nine months, sales was USD 112.14 million compared to USD 29.91 million a year ago. Revenue was USD 215.34 million compared to USD 84.22 million a year ago. Net loss was USD 41.34 million compared to USD 58.81 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.55 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.