MakeMyTrip Swings To $1.8 Mn Profit In Q2 FY27, Revenue Up 2.5% YoY
India, Oct. 26 -- Nasdaq-listed online travel major MakeMyTrip swung to a consolidated net profit of $1.8 Mn in the September quarter of FY27 from a loss of $5.7 Mn a year earlier, helped by higher operating profit and lower net finance costs.
Revenue rose 2.5% to $235.2 Mn from $229.3 Mn in Q2 FY26. On a constant currency basis, which excludes the impact of exchange rate movements, revenue grew 11.2%.
The company said the rupee depreciated approximately 10% against the dollar compared with the year-ago quarter, weighing on its reported revenue and growth rates. While MakeMyTrip reports its financial results in dollars, the functional currency of its major subsidiaries is the rupee.
International long-haul outbound travel from India re...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.