MakeMyTrip: Record Quarter, But Pricey Stock [Seeking Alpha]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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US:NASDAQ Investor Relations:
investors.makemytrip.com
Company Research
Source: Seeking Alpha
The company's revenue increased by 25.6% YoY to $214.2 million, and gross bookings increased by 21.7% YoY to $2.1 billion. While the stock has performed well, with a 61.03% increase over the last year, the company's high forward P/E ratio suggests it may be overvalued compared to travel industry peers. Travel is booming in India. The country has seen higher domestic air passenger travel than before COVID-19, and reports predict 12-14% growth in the next few fiscal years. India's largest online travel company, MakeMyTrip Limited ( NASDAQ: MMYT ), is riding on this momentum. It has just released its Q3 2024 earnings , beating EPS and revenue expectations. The company has beat EPS expectations in five of the last six quarters. Q3 is a high season quarter for leisure travel, but this quarter, the company has broken records for gross bookings, revenue and profit to date. The stock has increased by 61.03% over the last year. While this stock is attractive due to its upward trending per
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MMYT
News
- Artisan Developing World Fund Q1 2024 Commentary [Seeking Alpha]Seeking Alpha
- MakeMyTrip: Favorable Growth Outlook With Profitability Improvement Potential [Seeking Alpha]Seeking Alpha
- MakeMyTrip (MMYT) Stock Moves -0.52%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Best Momentum Stocks to Buy for April 11th [Yahoo! Finance]Yahoo! Finance
- MakeMyTrip (NASDAQ:MMYT) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]Yahoo! Finance
MMYT
Earnings
- 1/24/24 - Beat
MMYT
Sec Filings
- 3/1/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- MMYT's page on the SEC website