MakeMyTrip Key Executives
This section highlights MakeMyTrip's key executives, including their titles and compensation details.
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MakeMyTrip Earnings
This section highlights MakeMyTrip's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
---|---|---|---|---|---|
Read Transcript | Q3 | 2025 | 2025-01-23 | $0.43 | $0.39 |
Read Transcript | Q2 | 2025 | 2024-10-23 | $0.17 | $0.36 |
Read Transcript | Q1 | 2025 | 2024-07-23 | $0.20 | $0.39 |
Read Transcript | Q4 | 2024 | 2024-05-15 | $0.15 | $0.38 |
Read Transcript | Q3 | 2024 | 2024-01-23 | $0.30 | $0.35 |
Read Transcript | Q2 | 2024 | 2023-10-31 | $0.27 | $0.25 |
Read Transcript | Q1 | 2024 | 2023-08-01 | $0.12 | $0.30 |
Read Transcript | Q4 | 2023 | 2023-05-16 | $0.10 | $0.21 |
Read Transcript | Q3 | 2023 | 2023-01-31 | $3.59 | $0.14 |
Read Transcript | Q2 | 2023 | 2022-11-01 | $0.12 | $0.07 |
Read Transcript | Q1 | 2023 | 2022-07-27 | $-0.05 | $0.05 |

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents' network, as well as mobile service platform. As of March 31, 2022, it had approximately 125 franchisee-owned travel stores. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.
$97.99
Stock Price
$10.76B
Market Cap
4.58K
Employees
Gurugram, None
Location
Financial Statements
Access annual & quarterly financial statements for MakeMyTrip, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
---|---|---|---|---|---|
Revenue | $782.52M | $593.04M | $303.92M | $163.44M | $511.53M |
Cost of Revenue | $362.68M | $177.57M | $58.75M | $22.31M | $154.32M |
Gross Profit | $419.85M | $415.47M | $245.17M | $141.13M | $357.21M |
Gross Profit Ratio | 53.65% | 70.10% | 80.67% | 86.40% | 69.83% |
Research and Development Expenses | $- | $6.86M | $9.09M | $- | $- |
General and Administrative Expenses | $- | $131.97M | $116.92M | $105.66M | $129.84M |
Selling and Marketing Expenses | $123.30M | $101.60M | $51.03M | $22.74M | $166.60M |
Selling General and Administrative Expenses | $123.30M | $233.57M | $167.96M | $128.40M | $296.44M |
Other Expenses | $231.33M | $158.30M | $107.58M | $80.41M | $218.02M |
Operating Expenses | $354.63M | $391.87M | $275.54M | $208.81M | $514.46M |
Cost and Expenses | $717.31M | $569.43M | $334.29M | $231.12M | $668.78M |
Interest Income | $24.31M | $10.97M | $9.98M | $12.10M | $3.36M |
Interest Expense | $17.75M | $46.73M | $26.33M | $4.80M | $21.43M |
Depreciation and Amortization | $27.27M | $27.40M | $29.50M | $33.01M | $33.68M |
EBITDA | $138.77M | $32.50M | $-1.19M | $-22.93M | $-407.66M |
EBITDA Ratio | 17.73% | 10.45% | 3.01% | -13.91% | -23.51% |
Operating Income | $65.21M | $34.59M | $-20.35M | $-67.68M | $-157.25M |
Operating Income Ratio | 8.33% | 5.83% | -6.70% | -41.41% | -30.74% |
Total Other Income Expenses Net | $27.72M | $-35.75M | $-16.31M | $7.13M | $-18.14M |
Income Before Tax | $92.94M | $-12.14M | $-46.67M | $-60.55M | $-447.55M |
Income Before Tax Ratio | 11.88% | -2.05% | -15.36% | -37.05% | -87.49% |
Income Tax Expense | $-123.81M | $-976.00K | $-1.11M | $-4.51M | $-29.00K |
Net Income | $216.80M | $-11.17M | $-45.57M | $-56.04M | $-447.52M |
Net Income Ratio | 27.71% | -1.88% | -14.99% | -34.29% | -87.49% |
EPS | $1.95 | $-0.10 | $-0.42 | $-0.52 | $-4.26 |
EPS Diluted | $1.83 | $-0.10 | $-0.42 | $-0.52 | $-4.25 |
Weighted Average Shares Outstanding | 111.09M | 109.66M | 108.11M | 106.80M | 105.11M |
Weighted Average Shares Outstanding Diluted | 118.24M | 111.10M | 108.47M | 106.80M | 105.19M |
SEC Filing | Source | Source | Source | Source | Source |
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | $267.36M | $210.99M | $254.52M | $202.89M | $214.22M | $168.69M | $196.73M | $148.52M | $170.53M | $131.25M | $142.73M | $88.59M | $115.02M | $67.48M | $32.83M | $79.22M | $56.81M | $21.05M | $6.36M | $104.95M |
Cost of Revenue | $77.38M | $95.85M | $129.96M | $103.09M | $62.37M | $40.27M | $59.60M | $42.82M | $59.12M | $32.27M | $43.35M | $17.12M | $30.44M | $8.78M | $2.41M | $13.93M | $7.34M | $710.00K | $334.00K | $27.39M |
Gross Profit | $189.98M | $115.14M | $124.56M | $99.80M | $151.85M | $128.42M | $137.13M | $105.70M | $111.40M | $98.98M | $99.39M | $71.47M | $84.58M | $58.70M | $30.43M | $65.30M | $49.47M | $20.34M | $6.03M | $77.56M |
Gross Profit Ratio | 71.06% | 54.60% | 48.90% | 49.20% | 70.90% | 76.10% | 69.70% | 71.20% | 65.30% | 75.40% | 69.60% | 80.70% | 73.50% | 87.00% | 92.70% | 82.40% | 87.10% | 96.60% | 94.70% | 73.90% |
Research and Development Expenses | $- | $- | $- | $6.66M | $- | $- | $- | $6.86M | $- | $- | $- | $9.09M | $- | $- | $- | $9.66M | $- | $- | $- | $9.21M |
General and Administrative Expenses | $39.74M | $39.38M | $38.20M | $54.97M | $35.51M | $35.00M | $33.83M | $33.72M | $32.81M | $33.45M | $31.99M | $30.29M | $30.39M | $29.79M | $26.46M | $28.75M | $26.58M | $25.36M | $24.98M | $34.46M |
Selling and Marketing Expenses | $47.34M | $35.80M | $40.08M | $71.64M | $36.08M | $25.04M | $30.59M | $23.21M | $28.87M | $24.76M | $24.77M | $12.06M | $22.23M | $11.59M | $5.15M | $11.77M | $7.79M | $2.29M | $884.00K | $27.03M |
Selling General and Administrative Expenses | $87.08M | $89.17M | $96.76M | $83.26M | $71.59M | $60.03M | $64.42M | $56.93M | $61.68M | $58.21M | $56.76M | $42.35M | $52.62M | $41.38M | $31.60M | $40.51M | $34.37M | $27.65M | $25.86M | $61.48M |
Other Expenses | $68.22M | $- | $63.29M | $- | $- | $- | $- | $40.80M | $42.26M | $36.88M | $38.36M | $25.76M | $38.18M | $25.31M | $18.34M | $24.46M | $22.44M | $18.76M | $14.75M | $54.38M |
Operating Expenses | $155.30M | $89.17M | $96.76M | $83.26M | $129.20M | $121.70M | $118.00M | $97.73M | $103.94M | $95.08M | $95.12M | $68.11M | $90.80M | $66.69M | $49.94M | $64.98M | $56.81M | $46.41M | $40.61M | $135.65M |
Cost and Expenses | $232.68M | $185.02M | $226.71M | $186.35M | $191.57M | $161.98M | $177.60M | $140.55M | $163.06M | $127.36M | $138.47M | $85.23M | $121.23M | $75.47M | $52.35M | $78.90M | $64.15M | $47.12M | $40.95M | $163.04M |
Interest Income | $6.63M | $7.28M | $7.21M | $10.15M | $7.71M | $5.46M | $4.46M | $3.26M | $3.03M | $3.02M | $1.66M | $1.92M | $1.80M | $4.21M | $2.34M | $1.51M | $4.49M | $5.85M | $1.65M | $550.00K |
Interest Expense | $11.44M | $7.77M | $5.54M | $- | $6.23M | $9.94M | $5.05M | $5.83M | $10.70M | $14.13M | $16.07M | $8.83M | $5.21M | $4.85M | $7.74M | $2.77M | $634.00K | $1.01M | $1.78M | $8.95M |
Depreciation and Amortization | $6.75M | $6.70M | $6.66M | $6.99M | $6.74M | $6.74M | $6.80M | $6.89M | $6.80M | $6.77M | $6.93M | $6.96M | $7.77M | $7.37M | $7.40M | $7.76M | $7.89M | $8.87M | $8.48M | $8.47M |
EBITDA | $48.05M | $40.10M | $34.47M | $54.98M | $29.38M | $13.45M | $25.94M | $18.08M | $17.30M | $8.67M | $12.88M | $6.34M | $3.35M | $3.59M | $-9.77M | $6.57M | $5.04M | $-11.35M | $-24.45M | $-321.24M |
EBITDA Ratio | 17.97% | 19.00% | 13.54% | 11.60% | 17.34% | 11.18% | 15.48% | 12.17% | 10.14% | 10.46% | 9.02% | 13.87% | 2.95% | 5.38% | -30.03% | 12.08% | 8.73% | -54.28% | -384.15% | -46.83% |
Operating Income | $34.69M | $25.97M | $27.81M | $16.54M | $22.64M | $6.71M | $19.13M | $11.18M | $10.50M | $6.96M | $5.95M | $5.33M | $-6.21M | $-7.99M | $-19.52M | $317.00K | $-7.34M | $-26.07M | $-34.59M | $-330.26M |
Operating Income Ratio | 12.97% | 12.31% | 10.93% | 8.15% | 10.57% | 3.98% | 9.72% | 7.53% | 6.16% | 5.30% | 4.17% | 6.01% | -5.40% | -11.84% | -59.44% | 0.40% | -12.93% | -123.84% | -543.74% | -314.69% |
Total Other Income Expenses Net | $-4.82M | $-346.00K | $1.68M | $31.46M | $1.52M | $-4.53M | $-545.00K | $-2.62M | $-7.67M | $-11.07M | $-14.39M | $-6.85M | $-3.38M | $-598.00K | $-5.48M | $-1.28M | $3.77M | $4.76M | $-117.00K | $-8.47M |
Income Before Tax | $29.86M | $25.62M | $29.53M | $47.99M | $24.17M | $2.18M | $18.59M | $5.36M | $-207.00K | $-7.17M | $-10.12M | $-3.50M | $-9.59M | $-8.59M | $-25.00M | $-967.00K | $-3.57M | $-21.31M | $-34.70M | $-338.73M |
Income Before Tax Ratio | 11.17% | 12.14% | 11.60% | 23.65% | 11.28% | 1.29% | 9.45% | 3.61% | -0.12% | -5.46% | -7.09% | -3.95% | -8.34% | -12.73% | -76.13% | -1.22% | -6.28% | -101.22% | -545.57% | -322.76% |
Income Tax Expense | $2.80M | $7.61M | $8.47M | $-123.93M | $-48.00K | $184.00K | $-11.00K | $-87.00K | $-381.00K | $-394.00K | $-114.00K | $556.00K | $-553.00K | $-567.00K | $-543.00K | $-4.17M | $-73.00K | $-132.00K | $-134.00K | $-115.00K |
Net Income | $27.02M | $17.85M | $21.03M | $172.01M | $24.26M | $2.07M | $18.46M | $5.66M | $174.00K | $-6.78M | $-10.01M | $-4.06M | $-9.07M | $-8.00M | $-24.28M | $3.17M | $-3.39M | $-21.05M | $-34.37M | $-338.76M |
Net Income Ratio | 10.11% | 8.46% | 8.26% | 84.78% | 11.33% | 1.23% | 9.38% | 3.81% | 0.10% | -5.16% | -7.01% | -4.58% | -7.88% | -11.85% | -73.94% | 4.00% | -5.97% | -99.99% | -540.31% | -322.79% |
EPS | $0.24 | $0.16 | $0.19 | $1.54 | $0.22 | $0.02 | $0.17 | $0.05 | $0.00 | $-0.06 | $-0.09 | $-0.04 | $-0.08 | $-0.07 | $-0.22 | $0.03 | $-0.03 | $-0.20 | $-0.32 | $-3.20 |
EPS Diluted | $0.23 | $0.16 | $0.19 | $1.26 | $0.22 | $0.02 | $0.17 | $0.05 | $0.00 | $-0.06 | $-0.09 | $-0.04 | $-0.08 | $-0.07 | $-0.22 | $0.03 | $-0.03 | $-0.20 | $-0.32 | $-3.20 |
Weighted Average Shares Outstanding | 113.03M | 112.17M | 112.03M | 111.46M | 111.05M | 110.96M | 110.56M | 109.96M | 109.87M | 109.69M | 109.11M | 108.68M | 108.65M | 108.51M | 108.04M | 107.51M | 106.91M | 105.25M | 106.06M | 105.76M |
Weighted Average Shares Outstanding Diluted | 115.45M | 114.73M | 113.48M | 118.68M | 112.68M | 112.47M | 111.70M | 111.10M | 111.32M | 109.69M | 109.11M | 108.70M | 108.65M | 108.51M | 108.04M | 109.77M | 106.91M | 106.71M | 106.06M | 105.78M |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
---|---|---|---|---|---|
Cash and Cash Equivalents | $327.06M | $284.02M | $213.28M | $295.07M | $129.88M |
Short Term Investments | $279.72M | $197.06M | $264.18M | $129.82M | $37.82M |
Cash and Short Term Investments | $606.79M | $481.07M | $477.46M | $424.89M | $167.70M |
Net Receivables | $97.17M | $68.85M | $35.91M | $25.18M | $57.85M |
Inventory | $145.64M | $25.00K | $11.00K | $40.00K | $36.00K |
Other Current Assets | $153.10M | $121.96M | $5.11M | $51.07M | $53.43M |
Total Current Assets | $857.28M | $671.91M | $591.37M | $501.18M | $279.02M |
Property Plant Equipment Net | $25.89M | $25.38M | $19.31M | $22.16M | $36.00M |
Goodwill | $559.88M | $561.50M | $601.15M | $619.87M | $607.25M |
Intangible Assets | $53.50M | $67.47M | $84.51M | $101.03M | $114.74M |
Goodwill and Intangible Assets | $613.39M | $628.97M | $685.66M | $720.91M | $721.99M |
Long Term Investments | $12.04M | $8.96M | $7.59M | $35.81M | $9.25M |
Tax Assets | $129.32M | $- | $- | $28.86M | $36.82M |
Other Non-Current Assets | $22.16M | $24.61M | $18.81M | $88.00K | $131.00K |
Total Non-Current Assets | $802.80M | $687.91M | $731.38M | $807.83M | $804.19M |
Other Assets | $- | $- | $- | $- | $- |
Total Assets | $1.66B | $1.36B | $1.32B | $1.31B | $1.08B |
Account Payables | $67.05M | $45.75M | $33.52M | $23.81M | $21.02M |
Short Term Debt | $4.81M | $219.51M | $2.78M | $2.34M | $3.97M |
Tax Payables | $- | $- | $- | $- | $- |
Deferred Revenue | $93.06M | $75.21M | $53.21M | $33.72M | $33.36M |
Other Current Liabilities | $132.65M | $188.40M | $154.92M | $168.04M | $154.88M |
Total Current Liabilities | $297.57M | $453.66M | $191.22M | $194.19M | $179.87M |
Long Term Debt | $216.82M | $15.65M | $213.81M | $201.62M | $21.61M |
Deferred Revenue Non-Current | $413.00K | $163.00K | $27.00K | $453.00K | $1.55M |
Deferred Tax Liabilities Non-Current | $4.75M | $822.00K | $2.60M | $3.86M | $1.78M |
Other Non-Current Liabilities | $24.10M | $13.48M | $18.62M | $17.70M | $16.11M |
Total Non-Current Liabilities | $246.09M | $30.11M | $235.05M | $223.63M | $41.05M |
Other Liabilities | $-1 | $- | $- | $- | $- |
Total Liabilities | $543.66M | $483.77M | $426.27M | $417.82M | $220.92M |
Preferred Stock | $- | $- | $- | $- | $- |
Common Stock | $55.00K | $53.00K | $53.00K | $53.00K | $52.00K |
Retained Earnings | $-1.02B | $-1.23B | $-1.21B | $-1.20B | $-1.15B |
Accumulated Other Comprehensive Income Loss | $- | $9.02M | $42.45M | $38.48M | $-115.51M |
Other Total Stockholders Equity | $2.10B | $2.06B | $2.03B | $2.02B | $1.99B |
Total Stockholders Equity | $1.08B | $869.57M | $894.13M | $887.52M | $858.24M |
Total Equity | $1.09B | $876.06M | $896.48M | $891.19M | $862.29M |
Total Liabilities and Stockholders Equity | $1.66B | $1.36B | $1.32B | $1.31B | $1.08B |
Minority Interest | $5.56M | $6.49M | $2.34M | $3.67M | $4.05M |
Total Liabilities and Total Equity | $1.66B | $1.36B | $1.32B | $1.31B | $1.08B |
Total Investments | $291.77M | $206.01M | $271.77M | $165.64M | $47.08M |
Total Debt | $221.62M | $235.16M | $216.58M | $203.96M | $25.58M |
Net Debt | $-105.44M | $-48.85M | $3.30M | $-91.11M | $-104.30M |
Balance Sheet Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $391.26M | $401.87M | $348.85M | $327.06M | $309.75M | $303.61M | $333.60M | $284.02M | $227.23M | $274.73M | $253.97M | $213.28M | $178.37M | $153.91M | $149.04M | $295.07M | $197.09M | $168.07M | $171.22M | $129.88M |
Short Term Investments | $312.58M | $314.06M | $325.77M | $279.72M | $296.83M | $220.48M | $182.42M | $197.06M | $216.51M | $185.94M | $208.57M | $264.18M | $282.66M | $309.87M | $242.72M | $129.82M | $30.29M | $29.50M | $2.37M | $37.82M |
Cash and Short Term Investments | $703.84M | $715.93M | $674.62M | $606.79M | $606.58M | $524.08M | $516.02M | $481.07M | $443.74M | $460.67M | $462.55M | $477.46M | $461.03M | $463.78M | $391.76M | $424.89M | $227.38M | $197.58M | $173.59M | $167.70M |
Net Receivables | $152.82M | $139.76M | $114.65M | $97.17M | $92.71M | $85.40M | $84.64M | $68.85M | $74.46M | $63.93M | $51.22M | $35.91M | $32.09M | $24.91M | $18.71M | $25.18M | $21.81M | $23.85M | $43.51M | $57.85M |
Inventory | $313.00K | $818.00K | $1.35M | $145.64M | $16.00K | $5.00K | $27.00K | $25.00K | $16.00K | $38.00K | $66.00K | $11.00K | $10.00K | $13.00K | $19.00K | $40.00K | $44.00K | $43.00K | $42.00K | $36.00K |
Other Current Assets | $191.95M | $139.88M | $149.53M | $153.10M | $137.60M | $168.20M | $127.49M | $121.96M | $132.63M | $112.08M | $93.09M | $77.98M | $70.18M | $57.42M | $50.16M | $51.07M | $45.31M | $36.29M | $43.42M | $53.43M |
Total Current Assets | $1.05B | $996.39M | $940.14M | $857.28M | $836.91M | $777.69M | $728.17M | $671.91M | $650.85M | $636.72M | $606.92M | $591.37M | $563.31M | $546.13M | $460.65M | $501.18M | $294.54M | $257.76M | $260.57M | $279.02M |
Property Plant Equipment Net | $25.90M | $25.89M | $24.91M | $25.89M | $26.54M | $24.80M | $24.80M | $25.38M | $23.68M | $20.74M | $18.88M | $19.31M | $19.78M | $20.77M | $22.20M | $22.16M | $23.83M | $25.20M | $28.03M | $36.00M |
Goodwill | $- | $- | $- | $559.88M | $- | $- | $- | $561.50M | $- | $- | $- | $601.15M | $- | $- | $- | $619.87M | $- | $- | $- | $607.25M |
Intangible Assets | $- | $604.60M | $610.22M | $53.50M | $612.34M | $615.90M | $627.22M | $67.47M | $626.85M | $639.49M | $658.03M | $84.51M | $698.32M | $703.92M | $707.16M | $101.03M | $727.62M | $725.49M | $713.55M | $114.74M |
Goodwill and Intangible Assets | $587.83M | $604.60M | $610.22M | $613.39M | $612.34M | $615.90M | $627.22M | $628.97M | $626.85M | $639.49M | $658.03M | $685.66M | $698.32M | $703.92M | $707.16M | $720.91M | $727.62M | $725.49M | $713.55M | $721.99M |
Long Term Investments | $4.53M | $4.13M | $12.59M | $12.04M | $17.26M | $17.36M | $9.26M | $8.96M | $11.68M | $11.86M | $9.82M | $7.59M | $32.62M | $30.95M | $58.90M | $35.81M | $10.47M | $9.46M | $9.45M | $9.25M |
Tax Assets | $107.80M | $112.62M | $120.72M | $129.32M | $32.39M | $30.00M | $26.39M | $- | $- | $- | $20.68M | $18.68M | $20.64M | $18.86M | $25.02M | $28.86M | $25.93M | $24.53M | $24.96M | $36.82M |
Other Non-Current Assets | $37.22M | $35.66M | $24.81M | $22.16M | $43.00K | $42.00K | $40.00K | $24.61M | $22.98M | $20.34M | $123.00K | $135.00K | $796.00K | $142.00K | $96.00K | $88.00K | $101.00K | $231.00K | $124.00K | $131.00K |
Total Non-Current Assets | $763.27M | $782.90M | $793.24M | $802.80M | $688.58M | $688.10M | $687.71M | $687.91M | $685.18M | $692.43M | $707.54M | $731.38M | $772.15M | $774.64M | $813.38M | $807.83M | $787.95M | $784.90M | $776.12M | $804.19M |
Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Assets | $1.81B | $1.78B | $1.73B | $1.66B | $1.53B | $1.47B | $1.42B | $1.36B | $1.34B | $1.33B | $1.31B | $1.32B | $1.34B | $1.32B | $1.27B | $1.31B | $1.08B | $1.04B | $1.04B | $1.08B |
Account Payables | $165.72M | $148.64M | $156.98M | $67.05M | $133.95M | $116.20M | $101.71M | $45.75M | $94.89M | $74.44M | $73.85M | $33.52M | $63.07M | $56.78M | $41.62M | $23.81M | $51.92M | $46.50M | $52.91M | $21.02M |
Short Term Debt | $6.10M | $5.25M | $5.27M | $4.81M | $232.46M | $227.75M | $223.58M | $219.51M | $3.16M | $3.16M | $2.94M | $2.78M | $2.64M | $2.65M | $2.56M | $2.34M | $2.85M | $2.98M | $3.28M | $3.97M |
Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Deferred Revenue | $109.85M | $120.17M | $84.40M | $93.06M | $91.33M | $98.76M | $77.65M | $75.21M | $64.29M | $82.38M | $55.94M | $53.21M | $42.05M | $42.39M | $25.11M | $33.72M | $38.52M | $44.32M | $52.10M | $33.36M |
Other Current Liabilities | $82.70M | $79.69M | $91.69M | $132.65M | $89.37M | $84.41M | $79.32M | $188.40M | $72.17M | $73.97M | $71.83M | $154.92M | $99.47M | $92.81M | $88.64M | $168.04M | $103.59M | $74.82M | $57.65M | $154.88M |
Total Current Liabilities | $364.37M | $353.74M | $338.34M | $297.57M | $547.12M | $527.12M | $482.25M | $453.66M | $234.51M | $233.94M | $204.55M | $191.22M | $207.24M | $194.63M | $157.94M | $194.19M | $196.87M | $168.61M | $165.94M | $179.87M |
Long Term Debt | $226.55M | $223.73M | $250.75M | $216.82M | $- | $- | $- | $15.65M | $227.80M | $222.28M | $217.16M | $213.81M | $210.72M | $207.89M | $205.51M | $201.62M | $14.83M | $14.97M | $15.44M | $21.61M |
Deferred Revenue Non-Current | $251.00K | $231.00K | $256.00K | $413.00K | $225.00K | $240.00K | $234.00K | $163.00K | $122.00K | $93.00K | $45.00K | $27.00K | $47.00K | $53.00K | $217.00K | $453.00K | $737.00K | $1.03M | $1.22M | $1.55M |
Deferred Tax Liabilities Non-Current | $2.87M | $3.49M | $4.20M | $4.75M | $432.00K | $459.00K | $499.00K | $822.00K | $1.11M | $1.72M | $2.35M | $2.60M | $2.16M | $2.74M | $3.31M | $3.86M | $1.41M | $1.53M | $1.63M | $1.78M |
Other Non-Current Liabilities | $26.23M | $26.33M | $24.48M | $55.22M | $36.50M | $29.39M | $28.89M | $13.48M | $12.46M | $12.31M | $29.34M | $18.62M | $13.35M | $13.07M | $17.93M | $17.70M | $15.83M | $16.40M | $16.32M | $16.11M |
Total Non-Current Liabilities | $255.90M | $253.79M | $279.69M | $277.21M | $37.16M | $30.09M | $29.62M | $30.11M | $241.50M | $236.40M | $235.70M | $235.05M | $226.27M | $223.76M | $226.97M | $223.63M | $32.80M | $33.94M | $34.61M | $41.05M |
Other Liabilities | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities | $620.27M | $607.53M | $618.03M | $574.78M | $584.28M | $557.21M | $511.87M | $483.77M | $476.00M | $470.34M | $440.25M | $426.27M | $433.51M | $418.38M | $384.91M | $417.82M | $229.67M | $202.55M | $200.55M | $220.92M |
Preferred Stock | $- | $- | $- | $- | $50.37M | $29.92M | $- | $- | $1.18M | $616.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock | $56.00K | $55.00K | $55.00K | $55.00K | $54.00K | $54.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $53.00K | $52.00K | $52.00K | $52.00K | $52.00K |
Retained Earnings | $-955.51M | $-982.55M | $-999.47M | $-1.02B | $-1.18B | $-1.21B | $-1.21B | $-1.23B | $-1.23B | $-1.23B | $-1.22B | $-1.21B | $-1.21B | $-1.20B | $-1.23B | $-1.20B | $-1.21B | $-1.20B | $-1.18B | $-1.15B |
Accumulated Other Comprehensive Income Loss | $-200.41M | $- | $-70.43M | $-61.02M | $-50.37M | $-29.92M | $15.64M | $9.02M | $-1.18M | $-616.00K | $12.94M | $73.57M | $44.59M | $42.69M | $58.71M | $69.60M | $-97.39M | $-104.64M | $-119.60M | $-115.51M |
Other Total Stockholders Equity | $2.34B | $2.15B | $2.21B | $2.19B | $2.14B | $2.08B | $2.06B | $2.06B | $2.05B | $2.05B | $2.05B | $2.03B | $2.03B | $2.03B | $2.02B | $2.02B | $2.01B | $2.00B | $1.99B | $1.99B |
Total Stockholders Equity | $1.19B | $1.17B | $1.11B | $1.08B | $936.52M | $903.84M | $897.36M | $869.57M | $853.37M | $850.94M | $868.05M | $894.13M | $899.56M | $898.88M | $885.59M | $887.52M | $849.21M | $836.40M | $832.29M | $858.24M |
Total Equity | $1.19B | $1.17B | $1.12B | $1.09B | $941.21M | $908.58M | $904.02M | $876.06M | $860.03M | $858.81M | $874.21M | $896.48M | $901.95M | $902.39M | $889.11M | $891.19M | $852.83M | $840.12M | $836.13M | $862.29M |
Total Liabilities and Stockholders Equity | $1.81B | $1.78B | $1.73B | $1.66B | $1.53B | $1.47B | $1.42B | $1.36B | $1.34B | $1.33B | $1.31B | $1.32B | $1.34B | $1.32B | $1.27B | $1.31B | $1.08B | $1.04B | $1.04B | $1.08B |
Minority Interest | $5.62M | $5.67M | $5.59M | $5.56M | $4.70M | $4.73M | $6.65M | $6.49M | $6.66M | $7.87M | $6.16M | $2.34M | $2.39M | $3.51M | $3.53M | $3.67M | $3.62M | $3.72M | $3.84M | $4.05M |
Total Liabilities and Total Equity | $1.81B | $1.78B | $1.73B | $1.66B | $1.53B | $1.47B | $1.42B | $1.36B | $1.34B | $1.33B | $1.31B | $1.32B | $1.34B | $1.32B | $1.27B | $1.31B | $1.08B | $1.04B | $1.04B | $1.08B |
Total Investments | $317.11M | $318.19M | $338.36M | $291.77M | $314.09M | $237.84M | $191.68M | $206.01M | $228.18M | $197.81M | $218.40M | $271.77M | $315.28M | $340.82M | $301.62M | $165.64M | $40.76M | $38.97M | $11.82M | $47.08M |
Total Debt | $232.65M | $228.98M | $256.02M | $252.75M | $248.72M | $242.72M | $238.63M | $235.16M | $230.97M | $225.43M | $220.10M | $216.58M | $213.36M | $210.54M | $208.07M | $203.96M | $17.68M | $17.95M | $18.71M | $25.58M |
Net Debt | $-158.62M | $-172.89M | $-92.82M | $-74.32M | $-61.03M | $-60.88M | $-94.97M | $-48.85M | $3.73M | $-49.29M | $-33.87M | $3.30M | $34.99M | $56.63M | $59.03M | $-91.11M | $-179.42M | $-150.13M | $-152.51M | $-104.30M |
Annual Cash Flow
Breakdown | March 31, 2024 | March 31, 2023 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
---|---|---|---|---|---|
Net Income | $216.80M | $-11.17M | $-45.57M | $-56.04M | $-447.52M |
Depreciation and Amortization | $27.25M | $27.25M | $29.36M | $33.01M | $33.68M |
Deferred Income Tax | $-123.81M | $-976.00K | $-1.11M | $-4.51M | $-29.00K |
Stock Based Compensation | $36.96M | $35.64M | $36.65M | $35.59M | $41.63M |
Change in Working Capital | $-4.92M | $-52.28M | $-27.12M | $65.12M | $-60.91M |
Accounts Receivables | $-25.11M | $-37.67M | $-11.01M | $34.62M | $-1.97M |
Inventory | $-195.00K | $-6.00K | $29.00K | $-2.00K | $560.00K |
Accounts Payables | $42.52M | $42.67M | $26.54M | $-18.31M | $-82.11M |
Other Working Capital | $-22.14M | $-57.28M | $-42.67M | $48.81M | $22.61M |
Other Non Cash Items | $-26.54M | $33.60M | $13.79M | $-8.64M | $320.42M |
Net Cash Provided by Operating Activities | $125.74M | $32.06M | $6.00M | $64.53M | $-112.73M |
Investments in Property Plant and Equipment | $-5.90M | $-16.90M | $-12.91M | $-8.77M | $-12.76M |
Acquisitions Net | $-6.48M | $-1.46M | $336.00K | $-1.74M | $-13.93M |
Purchases of Investments | $-423.62M | $-251.77M | $-360.49M | $-155.52M | $-28.00M |
Sales Maturities of Investments | $345.90M | $308.31M | $287.77M | $39.09M | $124.08M |
Other Investing Activities | $14.51M | $8.59M | $7.69M | $8.07M | $4.45M |
Net Cash Used for Investing Activities | $-75.59M | $46.78M | $-77.60M | $-118.86M | $73.83M |
Debt Repayment | $-2.00M | $-996.00K | $-1.08M | $227.64M | $-3.10M |
Common Stock Issued | $6.00M | $2.20M | $-518.00K | $224.32M | $- |
Common Stock Repurchased | $- | $- | $- | $- | $- |
Dividends Paid | $- | $- | $- | $- | $- |
Other Financing Activities | $-4.24M | $-5.21M | $-7.97M | $-8.24M | $-7.89M |
Net Cash Used Provided by Financing Activities | $-6.24M | $-6.21M | $-9.57M | $219.40M | $-10.99M |
Effect of Forex Changes on Cash | $-867.00K | $-1.90M | $-608.00K | $123.00K | $1.78M |
Net Change in Cash | $43.05M | $70.73M | $-81.78M | $165.19M | $-48.11M |
Cash at End of Period | $327.06M | $284.02M | $213.28M | $295.07M | $129.88M |
Cash at Beginning of Period | $284.02M | $213.28M | $295.07M | $129.88M | $177.99M |
Operating Cash Flow | $125.74M | $32.06M | $6.00M | $64.53M | $-112.73M |
Capital Expenditure | $-5.90M | $-16.90M | $-12.91M | $-8.77M | $-12.76M |
Free Cash Flow | $112.92M | $15.16M | $-6.91M | $55.76M | $-125.49M |
Cash Flow Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | $27.07M | $17.94M | $21.03M | $172.01M | $24.22M | $2.00M | $18.60M | $5.44M | $174.00K | $-6.78M | $-10.01M | $-4.06M | $-9.04M | $-8.02M | $-24.45M | $3.20M | $-3.50M | $-21.18M | $-34.57M | $-338.61M |
Depreciation and Amortization | $- | $- | $6.66M | $6.99M | $6.74M | $6.74M | $6.80M | $6.89M | $6.80M | $6.77M | $6.93M | $6.96M | $7.77M | $7.37M | $7.40M | $8.97M | $7.89M | $8.87M | $8.48M | $9.35M |
Deferred Income Tax | $- | $- | $- | $- | $- | $-15.18M | $-14.68M | $-14.56M | $-9.08M | $-10.03M | $- | $-4.51M | $- | $- | $- | $-4.51M | $- | $- | $- | $-29.00K |
Stock Based Compensation | $- | $- | $8.40M | $-12.79M | $7.86M | $8.44M | $7.87M | $7.66M | $9.08M | $10.03M | $8.87M | $8.94M | $9.86M | $10.45M | $7.44M | $7.23M | $8.95M | $9.62M | $9.79M | $13.37M |
Change in Working Capital | $-61.61M | $-5.87M | $29.42M | $-28.27M | $34.82M | $-14.06M | $2.77M | $21.75M | $-31.62M | $-14.04M | $-28.37M | $-12.54M | $-12.08M | $24.52M | $-27.03M | $-13.84M | $21.84M | $32.26M | $24.85M | $-46.29M |
Accounts Receivables | $- | $- | $- | $-25.11M | $- | $- | $- | $-37.67M | $- | $- | $- | $-11.01M | $- | $- | $- | $34.62M | $- | $- | $- | $-1.97M |
Inventory | $- | $- | $- | $-195.00K | $- | $- | $- | $-6.00K | $- | $- | $- | $-2.00K | $- | $- | $- | $-2.00K | $- | $- | $- | $560.00K |
Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Working Capital | $-61.61M | $-5.87M | $29.42M | $-38.12M | $34.82M | $-14.06M | $2.77M | $59.43M | $-31.62M | $-14.04M | $-28.37M | $-12.54M | $-12.08M | $24.52M | $-27.03M | $-13.84M | $21.84M | $32.26M | $24.85M | $-46.85M |
Other Non Cash Items | $24.02M | $23.57M | $28.53M | $-117.78M | $6.24M | $29.89M | $15.18M | $17.00M | $16.33M | $18.55M | $23.13M | $7.92M | $26.50M | $10.30M | $12.23M | $11.50M | $12.90M | $13.83M | $17.22M | $332.56M |
Net Cash Provided by Operating Activities | $-10.52M | $35.64M | $72.32M | $18.97M | $72.01M | $17.83M | $36.54M | $44.20M | $-8.32M | $4.51M | $-8.32M | $-1.71M | $5.38M | $34.17M | $-31.84M | $864.00K | $31.25M | $24.91M | $7.50M | $-52.34M |
Investments in Property Plant and Equipment | $- | $- | $- | $-6.90M | $- | $- | $- | $-9.20M | $- | $- | $- | $-9.72M | $- | $- | $- | $-642.00K | $- | $- | $- | $-3.54M |
Acquisitions Net | $- | $- | $- | $387.85K | $- | $- | $- | $400.62K | $- | $- | $- | $301.05K | $- | $- | $- | $- | $- | $- | $- | $-14.63M |
Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Investing Activities | $1.56M | $17.66M | $-46.44M | $23.93K | $-65.18M | $-44.15M | $13.86M | $24.73M | $-34.45M | $15.63M | $49.65M | $38.15M | $25.70M | $-28.61M | $-112.83M | $-125.82M | $-1.61M | $-26.56M | $35.13M | $32.45M |
Net Cash Used for Investing Activities | $1.56M | $17.66M | $-46.44M | $-9.86M | $-65.18M | $-44.15M | $13.86M | $15.94M | $-34.45M | $15.63M | $49.65M | $38.15M | $25.70M | $-28.61M | $-112.83M | $-125.82M | $-1.61M | $-26.56M | $35.13M | $17.82M |
Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock Issued | $- | $- | $- | $5.98M | $- | $- | $- | $2.15M | $- | $- | $- | $-512.97K | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock Repurchased | $- | $- | $- | $-5.99M | $- | $- | $- | $- | $-2.20M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Financing Activities | $4.82M | $547.00K | $-4.43M | $-1.44M | $-609.00K | $-2.94M | $-1.26M | $-1.20M | $-3.63M | $1.62M | $-797.00K | $-764.00K | $-6.53M | $-888.00K | $-1.39M | $223.07M | $-1.22M | $-1.23M | $-1.23M | $-2.05M |
Net Cash Used Provided by Financing Activities | $4.82M | $547.00K | $-4.43M | $8.75M | $-609.00K | $-2.94M | $-1.26M | $-1.20M | $-5.83M | $1.62M | $-797.00K | $-764.00K | $-6.53M | $-888.00K | $-1.39M | $223.07M | $-1.22M | $-1.23M | $-1.23M | $-2.05M |
Effect of Forex Changes on Cash | $-7.04M | $-541.00K | $44.00K | $-492.00K | $-80.00K | $-690.00K | $395.00K | $-2.01M | $1.03M | $-893.00K | $-33.00K | $-755.00K | $-89.00K | $199.00K | $37.00K | $-145.00K | $599.00K | $-278.00K | $-53.00K | $3.25M |
Net Change in Cash | $-11.18M | $53.30M | $21.78M | $17.31M | $6.15M | $-29.95M | $49.54M | $56.93M | $-47.56M | $20.87M | $40.50M | $34.91M | $24.46M | $4.87M | $-146.02M | $97.97M | $29.02M | $-3.15M | $41.34M | $-33.33M |
Cash at End of Period | $390.69M | $401.87M | $348.85M | $327.06M | $309.75M | $303.61M | $333.56M | $284.02M | $227.09M | $274.65M | $253.78M | $213.28M | $178.37M | $153.91M | $149.04M | $295.07M | $197.09M | $168.07M | $171.22M | $129.88M |
Cash at Beginning of Period | $401.87M | $348.57M | $327.06M | $309.75M | $303.61M | $333.56M | $284.02M | $227.09M | $274.65M | $253.78M | $213.28M | $178.37M | $153.91M | $149.04M | $295.07M | $197.09M | $168.07M | $171.22M | $129.88M | $163.21M |
Operating Cash Flow | $-10.52M | $35.64M | $72.32M | $18.97M | $72.01M | $17.83M | $36.54M | $44.20M | $-8.32M | $4.51M | $-8.32M | $-1.71M | $5.38M | $34.17M | $-31.84M | $864.00K | $31.25M | $24.91M | $7.50M | $-52.34M |
Capital Expenditure | $- | $- | $- | $-6.90M | $- | $- | $- | $-9.20M | $- | $- | $- | $-9.72M | $- | $- | $- | $-642.00K | $- | $- | $- | $-3.54M |
Free Cash Flow | $-10.52M | $35.64M | $72.32M | $12.07M | $72.01M | $17.83M | $36.54M | $35.00M | $-8.32M | $4.51M | $-8.32M | $-11.43M | $5.38M | $34.17M | $-31.84M | $222.00K | $31.25M | $24.91M | $7.50M | $-55.88M |
MakeMyTrip Dividends
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Is It Worth Investing in MakeMyTrip (MMYT) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is MakeMyTrip (MMYT) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

MakeMyTrip: Long-Term Double-Digit Growth Is Worth The Premium Price
MakeMyTrip stock has surged 127.23% in a year, driven by record-breaking growth and favorable macro trends, with FY 2025 showing promising results. Despite a premium valuation, a TTM PEG of 0.18 suggests MMYT may be undervalued, with significant growth prospects in India's booming travel industry. The company has delivered positive earnings for nine consecutive quarters, with major revenue from its hotels and packaging segment, and international expansion opportunities.

MakeMyTrip Ltd: Still Well Positioned To Grow
I reiterate my buy rating for MakeMyTrip Ltd. due to its strong market leadership, scale, and product innovation driving growth and profitability. MMYT's 3Q25 results showed a 25% y/y revenue increase and a 38% y/y rise in adj EBIT, reinforcing its favorable growth outlook. MMYT's strategic investments in tier 2 and 3 cities and product innovations like GenAI and part-payment options enhance its competitive position and customer retention.

MakeMyTrip Limited (MMYT) Q3 2025 Earnings Call Transcript
MakeMyTrip Limited (NASDAQ:MMYT ) Q3 2025 Earnings Call January 23, 2024 7:30 AM ET Company Participants Vipul Garg - VP, IR Rajesh Magow - Co-Founder & Group CEO Mohit Kabra - Group CFO Conference Call Participants Sachin Salgaonkar - Bank of America Manish Adukia - Goldman Sachs Vijit Jain - Citigroup Ankur Rudra - J.P. Morgan Gaurav Rateria - Morgan Stanley Vipul Garg Good evening everyone.

MakeMyTrip Limited to report Fiscal 2025 Third Quarter Financial & Operating Results on January 23, 2025
GURUGRAM, India & NEW YORK,--(BUSINESS WIRE)---- $MMYT #FinancialResults--MakeMyTrip Limited plans to report its fiscal 2025 third quarter financial and operating results before markets open on Thursday, January 23, 2025.

Brokers Suggest Investing in MakeMyTrip (MMYT): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

This Travel Stock Nears Buy Point After Whopping 138% Year-To-Date Gain
Shares of the India-based travel stock MakeMyTrip are just pennies below a buy point, and are up a whopping 138% year to date. The post This Travel Stock Nears Buy Point After Whopping 138% Year-To-Date Gain appeared first on Investor's Business Daily.

MakeMyTrip Limited (MMYT) Q2 2025 Earnings Call Transcript
MakeMyTrip Limited (NASDAQ:MMYT ) Q2 2025 Earnings Conference Call October 23, 2024 7:30 AM ET Company Participants Rajesh Magow - Co-Founder & Group Chief Executive Officer Mohit Kabra - Group Chief Financial Officer Vipul Garg - Vice President, Investor Relations Conference Call Participants Sachin Salgaonkar - Bank of America Manish Adukia - Goldman Sachs Gaurav Rateria - Morgan Stanley Aditya Suresh - Macquarie Vijit Jain - Citi Ankur Rudra - JPMorgan Manik Taneja - Axis Capital Vipul Garg Hello everyone. I am Vipul Garg, Vice President, Investor Relations at MakeMyTrip Limited.

MakeMyTrip Limited to Report Fiscal 2025 Second Quarter Financial & Operating Results on October 23, 2024
GURUGRAM, India & NEW YORK--(BUSINESS WIRE)---- $MMYT #Goibibo--MakeMyTrip Limited plans to report its fiscal 2025 second quarter financial and operating results before markets open on Wednesday, October 23, 2024.

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