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Mar 31
Makemytrip Q4 2025 Earnings Report
MakeMyTrip reported strong Q4 results with higher revenue, adjusted profitability, and record gross bookings despite a drop in net income from the previous year.
Key Takeaways
Revenue grew 21% YoY to $245.5M driven by robust travel demand across all segments, while adjusted EPS rose to $0.42. Net income declined sharply due to a prior-year tax gain, but operational metrics were strong.
Revenue rose to $245.5 million, up from $202.9 million in Q4 FY24
Adjusted net profit grew to $48.1 million from $36.9 million
Gross bookings reached a record $2.55 billion in Q4
Net income declined to $29.2 million due to a one-time deferred tax gain last year
Makemytrip
Makemytrip
Makemytrip Revenue by Segment
Makemytrip Revenue by Geographic Location
Forward Guidance
No explicit forward guidance provided in the report.
Positive Outlook
- Record quarterly gross bookings achieved
- Sustained demand in both domestic and international travel
- Improved adjusted margins across all business segments
- Revenue growth in all verticals: air, hotel, bus, and others
- Strong customer base expansion and repeat bookings
Challenges Ahead
- Net income declined significantly YoY due to prior year one-time gains
- Foreign exchange losses impacted net finance income
- Higher marketing and sales promotion expenses
- Service costs increased due to higher travel volumes
- Deferred tax reversal impacted bottom-line profitability