MMYT MakeMyTrip Limited

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of January 2024

Commission File Number 001-34837

 

MAKEMYTRIP LIMITED

(Exact name of registrant as specified in its charter)

 

19th Floor, Building No. 5

DLF Cyber City

Gurugram, India, 122002

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

 

 

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Other Events

Unaudited Business and Financial Highlights for the Quarter ended December 31, 2023

 

On January 23, 2024, MakeMyTrip Limited (“MakeMyTrip”) issued a press release announcing its unaudited business and financial highlights for the fiscal third quarter of 2024 (i.e. quarter ended December 31, 2023). A copy of the press release dated January 23, 2024 is attached hereto as Exhibit 99.1.

 

 

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Exhibit

 

99.1		Press release by MakeMyTrip Limited dated January 23, 2024.

 

 

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EXHIBIT INDEX

 

99.1		Press release by MakeMyTrip Limited dated January 23, 2024.

 

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 23, 2024

 

MAKEMYTRIP LIMITED
By:		/s/ Rajesh Magow
Name:		Rajesh Magow
Title:		Group Chief Executive Officer

 

 

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Exhibit 99.1

EARNINGS PRESS RELEASE

 

MakeMyTrip delivers its highest-ever quarterly Gross Bookings, Revenue and Profit

Q3 EBITDA grew by +105.6% YoY to $29.4 Million

 

National, January 23, 2024 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider, today announced its unaudited financial and operating results for its fiscal third quarter ended December 31, 2023 as attached herewith and available at www.sec.gov/ and on our website at http://investors.makemytrip.com.

Business & Financial Highlights | Q3 FY24

 

	Q3 FY24 ($ Million)	Q3 FY23 ($ Million)	YoY Change (Constant Currency)2
Gross Bookings	2,088.3	1,738.2	21.7%
Revenue as per IFRS	214.2	170.5	26.9%
Adjusted Margin1
Air Ticketing	79.2	70.2	14.2%
Hotels and Packages	98.8	72.0	38.8%
Bus Ticketing	26.9	20.3	33.8%
Others	13.0	9.6	36.8%
EBITDA	29.4	14.3
Results from Operating Activities	22.6	7.5
Adjusted Operating Profit (Loss)1 (also referred to as Adjusted EBIT)3	33.4	19.7
Profit / (Loss) for the period	24.2	0.2

 

 

Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,

“During this seasonally strong quarter, we witnessed robust demand for leisure travel across all domestic and international destinations leading to the highest-ever quarterly gross bookings, revenue, and profit for the Group. We are excited about the opportunities that lie ahead of us, as the travel and tourism sector is a focus area for the Indian government and is expected to benefit from increased investments in travel infrastructure. Additionally, from a consumer perspective, the growing disposable incomes of the middle class in India are expected to continue driving India’s travel and hospitality growth in the coming years. We remain committed to excellence and innovation, aiming to meet and exceed the diverse travel aspirations of Indian consumers.”

 

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Notes:

 

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