MAKEMYTRIP LIMITED Reports Earnings Results for Fiscal Year 2024’s First Quarter
August 14, 2023
🌧️Earnings Overview
On August 1 2023, MAKEMYTRIP LIMITED ($NASDAQ:MMYT) reported their earnings results for the first quarter of their fiscal year 2024 (ending June 30 2023). Total revenue saw a 37.8% increase from the previous year, totaling USD 196.7 million, while their reported net income was USD 18.5 million, a marked improvement from the -10.1 million reported the year prior.
Market Price
The stock opened at $31.1 and closed at $31.6, a 9.8% increase from the previous closing price of $28.8. Investors responded positively to the news, sending the stock up 9.8%. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Makemytrip Limited. More…
| Total Revenues | Net Income | Net Margin |
| 647.03 | 17.23 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Makemytrip Limited. More…
| Operations | Investing | Financing |
| 76.92 | 10.98 | -6.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Makemytrip Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.42k | 511.87 | 8.46 |
Key Ratios Snapshot
Some of the financial key ratios for Makemytrip Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | – | 3.4% |
| FCF Margin | ROE | ROA |
| 9.3% | 1.6% | 1.0% |
Analysis
At GoodWhale, we provide an in-depth financial analysis of MAKEMYTRIP LIMITED. Based on our Risk Rating, this is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in the company’s balance sheet and cash flow statement, so it’s important to study these closely. Our team of experts are ready to help you make the best decisions for your investments, so register with us if you would like more information about MAKEMYTRIP LIMITED’s financials. More…
Peers
MakeMyTrip is an online travel company that offers a one-stop solution for all travel-related services. The company provides a platform for customers to book flights, hotels, and other services. MakeMyTrip was founded in 2000 and is headquartered in Gurgaon, India. The company has a strong presence in India, with a market share of over 60%. MakeMyTrip also operates in other countries, including the US, UK, and Australia. Jet2 is a UK-based low-cost airline that was founded in 2003. The airline operates flights to over 60 destinations across Europe and the UK. Jet2 has a fleet of over 100 aircraft and employs over 4,000 people. Despegar is a Latin American online travel company that was founded in 1999. The company offers a platform for customers to book flights, hotels, and other services. Despegar operates in over 20 countries in Latin America and has a strong presence in Argentina, Brazil, and Colombia. Yatra is an Indian online travel company that was founded in 2006. The company offers a platform for customers to book flights, hotels, and other services. Yatra has a strong presence in India and also operates in the US.
– Jet2 PLC ($LSE:JET2)
Jet2 PLC is a holding company that provides scheduled passenger air transportation services in the United Kingdom. The company operates through two segments, Airline and Package Holidays. The Airline segment offers scheduled passenger air transportation services on routes between the United Kingdom and various leisure destinations in Spain, Portugal, Cyprus, Malta, Greece, Turkey, Bulgaria, Croatia, the Czech Republic, Egypt, France, Germany, Hungary, Iceland, Italy, Ireland, Morocco, Netherlands, Poland, Romania, Slovakia, Slovenia, Switzerland, and Portugal. The Package Holidays segment provides tour operating services. As of March 31, 2019, Jet2 PLC operated a fleet of 102 aircraft. The company was founded in 1983 and is headquartered in Leeds, the United Kingdom.
– Despegar.com Corp ($NYSE:DESP)
Despegar.com Corp is an online travel company that offers a wide range of travel-related services, including air tickets, hotel reservations, vacation packages, and car rentals. The company operates in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Uruguay. As of 2022, Despegar.com had a market capitalization of 446.44 million dollars and a return on equity of 99.39%.
– Yatra Online Inc ($NASDAQ:YTRA)
With a market cap of 147.33M as of 2022, Yatra Online Inc has a Return on Equity of -19.83%. Yatra Online Inc is an online travel company that offers a one-stop shop for all travel-related services. The company provides a platform for booking air tickets, hotels, and holiday packages. It also offers ancillary services such as car rentals, bus tickets, and rail tickets.
Summary
Investors are optimistic about MAKEMYTRIP LIMITED‘s performance in the first quarter of their 2024 fiscal year, ending June 30, 2023. The company reported a 37.8% increase in revenue to USD 196.7 million and a net income of USD 18.5 million compared to a net loss of -10.1 million from the previous year. The stock price increased on August 1, 2023 when the results were released, indicating investors are confident in the company’s financials and outlook for the future. MAKEMYTRIP LIMITED has made a strong start to their fiscal year and investors can look forward to potential future gains.
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