Investing.com -- MakeMyTrip Limited (NASDAQ:MMYT) reported mixed results for its fiscal 2025 third quarter, with revenue surpassing analyst expectations but earnings per share (EPS) falling short. The Indian online travel company's stock edged up 1.5% following the announcement.
MakeMyTrip posted revenue of $267.36 million for the quarter, exceeding the consensus estimate of $259.6 million. However, the company's adjusted EPS came in at $0.23, missing analyst projections of $0.27 by $0.04.
Gross bookings, a key metric for the travel industry, increased by 26.8% YoY to $2,612.4 million in the third quarter. The company saw growth across all its business segments, with adjusted margins improving in air ticketing, hotels and packages, bus ticketing, and other services.
Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, commented on the results, saying, "The Indian travel and tourism sector is witnessing robust growth, reflecting a strong desire among travelers to explore new horizons. While Indian destinations continue to shine, many countries have made significant efforts to attract Indian travelers."
The company's adjusted operating profit improved to $46.0 million in the third quarter, up from $33.4 million in the same period last year. Adjusted net profit also saw an increase, rising to $44.9 million from $38.9 million YoY.
Mohit Kabra, Group Chief Financial Officer, added, "Our robust financial performance this quarter across all lines of business underscores our strong execution of strategic priorities and the resilience of the travel sector."
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