India, Oct. 28 -- Online travel aggregator (OTA) major MakeMyTrip plunged into loss in the September quarter (Q2 FY26) due to rise in its expenses.

The Nasdaq-listed company reported a loss of $5.7 Mn during the quarter under review as against a net profit of $17.9 Mn reported in the year-ago quarter. The company had reported a profit of $25.8 Mn in Q1 FY26.

Its operating revenue grew 9% to $229.3 Mn in Q2 from $211 Mn in the year-ago quarter. However, on a sequential basis, the top line saw a 15% decline from $268.9 Mn.

Meanwhile, MakeMyTrip's net finance cost in the quarter zoomed to $35.9 Mn during the quarter under review as against $500K in the year-ago quarter due to an increase of $24.3 Mn in interest expense on financial liabil...