MakeMyTrip Reports Record-Breaking Quarter: Here's How They Made It [Yahoo! Finance]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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Source: Yahoo! Finance
Gross bookings reached $2.1 billion, growth of 22%, while adjusted operating profit grew by 70% to $33.4 million. The India Story Infrastructure Investment: Highlighting substantial investments in travel infrastructure, including airports, highways, and railways, MakeMyTrip Co-Founder and Group CEO, Rajesh Magow, talked about India's growing share in the global travel market during the earnings call on Tuesday. Travel Growth: Outbound travel from India has recovered to pre-pandemic levels, and India is expected to be the fifth-largest outbound market by 2027. India now represents 2% of tourism receipts globally, up from 0.7% in 2000, while the country's domestic travel is poised to become the third-largest globally by 2027. “The way in which disposable income is growing in country, that's definitely going to be the driving force for demand to go up for outbound destinations,” Magow said. Disposable Income Increase: With consumers taking more holidays and allocating a higher
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MMYT
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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