MakeMyTrip Limited (NASDAQ:MMYT) Earnings Report Highlights

Core Insights - MakeMyTrip Limited (MMYT) is a significant player in the online travel services industry, offering various travel services and competing with companies like Expedia and Booking Holdings [1] Financial Performance - MMYT reported an earnings per share (EPS) of $0.52, surpassing the estimated $0.39, marking a 33.33% positive surprise and a notable improvement from last year's EPS of $0.39 [2][6] - The company's revenue for the quarter was approximately $311 million, slightly below the Zacks Consensus Estimate of $313.62 million, resulting in a negative surprise of 5.72%. However, this represents a 10.6% increase compared to the same period last year [3][6] Financial Metrics - MMYT has a price-to-earnings (P/E) ratio of 83.91, indicating high investor expectations for future growth, while the price-to-sales ratio is 6.17 and the enterprise value to sales ratio is 7.29, suggesting a premium valuation [4] - The company has a negative debt-to-equity ratio of -6.71, indicating reliance on equity financing [4] - A current ratio of 1.91 suggests a strong ability to cover short-term liabilities, reflecting financial stability [5] - The enterprise value to operating cash flow ratio is 43.94, and the earnings yield is 1.19%, providing additional context for evaluating the company's financial health [5]