MakeMyTrip: Fiscal Q4 Earnings Snapshot
May 25, 2021
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GURGAON, India (AP) MakeMyTrip Ltd. (MMYT) on Tuesday reported fiscal fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Gurgaon, India-based company said it had profit of 3 cents.
The online travel company posted revenue of $79.2 million in the period.
For the year, the company reported that its loss narrowed to $55.6 million, or 52 cents per share. Revenue was reported as $163.4 million.
MakeMyTrip shares have declined 12% since the beginning of the year. The stock has increased 75% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMYT at https://www.zacks.com/ap/MMYT
MakeMyTrip Turns To Profit In Q4, Revenues Down; Warns On Q1
NEW DELHI (dpa-AFX) - MakeMyTrip Ltd. (MMYT), an Indian online travel company, on Tuesday reported its fourth-quarter profit attributable to owners of the company of $3.17 million, compared to a loss of $338.6 million last year.
Earnings per share were $0.03 for the quarter, compared to loss per share of $3.20 a year ago.
Adjusted net profit was $12.1 million or $0.11 per share, compared to prior year s adjusted net loss of $18.3 million or $0.17 per share. The results also improved sequentially due to gradual recovery in travel demand.
The company generated revenue of $79.22 million in the quarter, a decrease of 24.5 percent from last year s $104.95 million. Revenues fell 23.1 percent in constant currency.
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MakeMyTrip raises Rs 1,458 cr through 0% interest coupon bond
By IANS| Published: 5th February 2021 8:01 pm IST
New Delhi, Feb 5 : Online travel major MakeMyTrip on Friday announced fund raising of $200 million (approximately Rs 1,458 crore) through zero per cent interest coupon bond.
The latest fund raise for the company comes at a time when the travel and tourism industry has been hit hard by the Covid-19 pandemic.
“While the travel industry is in the midst of very difficult times, we are pleased with the overwhelming response to our convertible bond offering,” Mohit Kabra, Group Chief Financial Officer, MakeMyTrip Ltd. said in a statement.
MakeMyTrip raises $200 million in debt for ‘war chest’
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Synopsis MakeMyTrip, India’s biggest online travel company that currently has $227.6 million on its balance sheet, is looking to build a war chest and invest in new areas and initiatives, co-founder Rajesh Magow says.
Agencies
MakeMyTrip’s fundraising got a good response and the terms were good, co-founder Rajesh Magow says.
MakeMyTrip, India’s biggest online travel company, raised $200 million through an issue of debt securities, the company said on Friday.
The funds, which are in addition to $227.6 million on the company’s balance sheet, will be used to build a “war chest” and to invest in new areas and initiatives, MakeMyTrip cofounder and group CEO Rajesh Magow told ET in an interview.