Makemytrip (MMYT) has released an update.
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MakeMyTrip Limited reported a record-setting fiscal first quarter with gross bookings surging to $2.38 billion, up 21.6% year-over-year, while revenue soared by 31.4% to $254.5 million. The company’s adjusted operating profit grew to $39.1 million, marking a 29.9% increase compared to the previous year. These robust financials reflect a strong start to the fiscal year, driven by India’s growing travel sector and MakeMyTrip’s successful capture of market shifts towards online travel bookings.
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