MakeMyTrip(US:MMYT)2025-05-14 10:07Revenue Growth - MakeMyTrip reported a revenue of $245.5 million for Q4 FY2025, a 21.0% increase YoY, and $978.3 million for the full year, a 25.0% increase YoY[2]. - Total revenue for the year ended March 31, 2025, increased by 25% to $978.3 million compared to $782.5 million for the previous year[67]. - The company reported a total revenue of $978,330 thousand for the year ended March 31, 2025, marking a growth of 25% year-over-year[77]. - The increase in revenue was primarily driven by robust travel demand in India for both domestic and international outbound travel[8]. Segment Performance - Gross bookings reached $2.55 billion in Q4 FY2025, up 30.4% YoY, and $9.80 billion for the full year, up 25.9% YoY[6]. - The air ticketing segment generated $61.6 million in revenue for Q4 FY2025, an 11.9% increase YoY, with an adjusted margin of $94.2 million, up 12.5% YoY[10]. - Revenue from hotels and packages increased by 16.9% YoY to $123.3 million in Q4 FY2025, with an adjusted margin of $109.6 million, up 23.3% YoY[11]. - Bus ticketing revenue surged 40.8% YoY to $33.5 million in Q4 FY2025, with an adjusted margin of $36.5 million, up 39.6% YoY[12]. - Revenue from the air ticketing business increased by 20.0% to $241.5 million for the fiscal year ended March 31, 2025, with an Adjusted Margin of $373.1 million[26]. - Revenue from the hotels and packages business increased by 19.5% to $520.4 million for the fiscal year ended March 31, 2025, with an Adjusted Margin of $429.5 million[27]. - Revenue from the bus ticketing business increased by 28.8% to $119.4 million for the fiscal year ended March 31, 2025, with an Adjusted Margin of $131.0 million[29]. - Revenue from the others business surged by 82.9% to $97.0 million for the fiscal year ended March 31, 2025, with an Adjusted Margin of $72.0 million[30]. Profitability - The company's profit for the period decreased by 83.0% YoY to $29.2 million in Q4 FY2025, and by 56.0% YoY to $95.3 million for the full year[2]. - Profit for the year was $95.3 million for the year ended March 31, 2025, down from $216.7 million for the year ended March 31, 2024[41]. - Basic earnings per share for the year ended March 31, 2025, decreased to $0.84 from $1.95 in the previous year, a decline of 57%[67]. - The company reported a profit of $29.2 million for the quarter ended March 31, 2025, a decrease from $171.9 million in the same quarter of 2024, largely due to changes in tax benefits[22]. Operating Expenses - Service costs increased by 17.5% to $62.1 million for the quarter ended March 31, 2025, primarily due to robust travel demand in India[15]. - Marketing and sales promotion expenses increased by 33.2% to $42.1 million for the quarter ended March 31, 2025, driven by increased variable costs and discretionary expenditures[17]. - Service cost increased by 27.6% to $274.3 million for the year ended March 31, 2025, compared to $215.1 million for the year ended March 31, 2024[32]. - Personnel expenses rose by 8.5% to $160.1 million for the year ended March 31, 2025, up from $147.6 million for the year ended March 31, 2024[33]. - Marketing and sales promotion expenses increased by 34.1% to $165.3 million for the year ended March 31, 2025, compared to $123.3 million for the year ended March 31, 2024[34]. - Other operating expenses grew by 13.2% to $231.9 million for the year ended March 31, 2025, from $204.8 million for the year ended March 31, 2024[34]. Cash and Financial Position - Cash and cash equivalents and term deposits totaled $763.3 million as of March 31, 2025[43]. - Cash and cash equivalents increased significantly by 55% to $508.9 million as of March 31, 2025, compared to $327.1 million a year earlier[65]. - Total assets grew by 10% to $1.83 billion as of March 31, 2025, up from $1.66 billion[65]. - The company reported a net finance cost of $3.9 million for the year ended March 31, 2025, compared to a net finance income of $27.7 million in the previous year[67]. - Loans and borrowings decreased significantly from $216.8 million to $13.9 million as of March 31, 2025[65]. Adjusted Metrics - Adjusted operating profit improved to $44.7 million in Q4 FY2025, reflecting a $12.3 million YoY increase, and $167.3 million for the full year, up $43.1 million YoY[6]. - Adjusted Operating Profit was $167.3 million for the year ended March 31, 2025, compared to $124.2 million for the year ended March 31, 2024[36]. - The Adjusted Net Profit for the year ended March 31, 2025, reached $178,222 thousand, compared to $137,221 thousand in the prior year, indicating a growth of 29.9%[75]. - The Adjusted Diluted Earnings per Share for the year ended March 31, 2025, was $1.56, up from $1.22 in the previous year, representing a 28% increase[76]. Strategic Focus - MakeMyTrip's investments in new demand segments and personalized customer experiences contributed to the growth in customer base and repeat bookings[5]. - The company remains focused on operational efficiency and strategic reinvestment in key growth areas to expand margins[7].