Strong operating profit and sustained travel demand mark MakeMyTrip’s FY25 performance, highlighting growth across air, hotel, and bus bookings.
MakeMyTrip Limited, one of India’s leading travel service providers, announced its unaudited financial and operating results for its fiscal fourth quarter and full year ended March 31, 2025. The full results are available on the U.S. Securities and Exchange Commission and on the company’s investor relations site.
Business & Financial Highlights | Q4 FY25 & Full Year FY25
- Gross Bookings grew by 30.4% YoY in constant currency to $2,553.1 million in Q4 FY25, compared to $2,039.0 million in Q4 FY24.
- Revenue as per IFRS rose 25.6% YoY in constant currency to $245.5 million in Q4 FY25, up from $202.9 million in Q4 FY24.
- Adjusted Operating Profit (Adjusted EBIT) increased 37.9% YoY, reaching $44.7 million in Q4 FY25 versus $32.4 million in the same quarter last year.
- Profit for Q4 FY25 was $29.2 million, compared to $171.9 million in Q4 FY24. The prior year’s profit included a one-time net credit of $126.1 million on the recognition of deferred tax assets and a $30.6 million gain due to a change in the carrying value of convertible notes due 2028 measured at amortized cost. Excluding these one-time items, the profit for Q4 FY24 was $15.2 million.
Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, stated, “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.
He added, “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.”
Mohit Kabra, Group Chief Financial Officer, added, “Our strong customer-centric focus — especially in offering an ever-expanding range of personalized travel services — is enabling us to consistently deliver strong financial performance.”
He continued, “At the same time, we remain committed to driving operational efficiency and leveraging our fixed cost base. This has helped us to expand margins while we continue to strategically reinvest in key growth areas across our platform.”
One of India’s leading online travel entities, the company has a vision to become the most comprehensive and trusted platform for travellers and partners alike. World-class technology, industry-first innovations, and deep consumer insights drive the company. Over the 25 years to date, the company has had more than 82 million lifetime transacting users.
They own and operate several well-recognised online brands, including Goibibo, and redBus. Through their primary websites and mobile platforms, travellers can research, plan, and book a wide range of travel services and products, both within India and overseas. The company‘s offerings include air ticketing, hotel and alternative accommodations, holiday packages, rail ticketing, bus ticketing, taxis, forex services, and ancillary travel needs such as third-party travel insurance and visa application processing.
Recently, the company launched Seat Availability Forecast to help rail travellers plan better.
This new feature provides a predictive view of when seats on a selected train are likely to sell out. Built using advanced models that combine years of historical booking data with real-time demand signals, the feature enables travellers to plan and book with greater clarity. It is now live on both the app and website, embedded within the train booking flow.
For travellers who are not ready to book immediately, MakeMyTrip has also introduced Sold-out Alerts, a feature that prompts timely action as seat availability begins to drop.
Once activated, it notifies users when tickets on their selected train fall below a defined threshold, allowing them to book before confirmed seats run out. Paired with the Seat Availability Forecast, it adds another layer of visibility and control to the planning experience.
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