MAKEMYTRIP LIMITED Reports Fourth Quarter FY2023 Earnings Results.
May 26, 2023
Earnings Overview
MAKEMYTRIP LIMITED ($NASDAQ:MMYT) announced their financial results for the fourth quarter of FY2023, which concluded on March 31, 2023. Revenue for the quarter came to USD 148.5 million, a 67.6% surge compared to the same period last year. Net income was also significantly higher, at USD 5.7 million versus -4.1 million in FY2022.
Stock Price
MAKEMYTRIP LIMITED reported their fourth quarter earnings results for FY2023 on Tuesday. At the opening of the market, MAKEMYTRIP LIMITED stock was priced at $25.6 and ended the day closing at $25.8, resulting in a decrease of 2.9% in comparison to their prior closing price of 26.6. This decrease was caused by investors’ reactions to the earnings report.
They also reassured investors that they are taking steps to ensure that the company will recover from this slump faster than its competitors. Despite the decline in its stock price, MAKEMYTRIP LIMITED remains one of the most profitable companies in the travel industry and is well-positioned to take advantage of the expected rebound in travel spending in the coming year. 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 |
| 593.04 | -11.32 | -1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Makemytrip Limited. More…
| Operations | Investing | Financing |
| 32.06 | 46.78 | -6.21 |
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 |
| 1.36k | 483.77 | 8.49 |
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 |
| 5.1% | – | 5.8% |
| FCF Margin | ROE | ROA |
| 5.4% | 2.5% | 1.6% |
Analysis
At GoodWhale, we recently conducted an analysis on the wellbeing of MAKEMYTRIP LIMITED. Our assessment resulted in a medium risk rating for the investment, taking into consideration both financial and business aspects. We have identified 3 risk warnings in MAKEMYTRIP LIMITED’s income sheet, balance sheet, and cashflow statement. To view the risk warnings, simply sign up as a registered user on our website. With our assessment, investors can make an informed decision on whether to invest in the company or not. 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
MAKEMYTRIP LIMITED reported strong earnings results for the fourth quarter of FY2023 with total revenue up 67.6% year-over-year to USD 148.5 million. Net income also saw a significant increase, from -4.1 million last year to 5.7 million this quarter. Investors should take note of the company’s impressive financial performance as it is a positive indicator of future growth potential and could be a good investment opportunity. Long-term investors can consider MAKEMYTRIP LIMITED as it has the potential to generate long-term returns.
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