MakeMyTrip Q4 Profit Declines 83% YoY To $29 Mn

The Nasdaq-listed company’s $171.9 Mn profit for Q4 FY24 included a credit of $126.1 Mn on recognition of deferred tax assets and a one-time gain of $30.6 Mn

Minus the one-off gains, the company’s profits rose 92% YoY

While Q4’s revenue rose 21% YoY to $245.5 Mn, it dipped 8% on a sequential basis

Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter.

It is important to note that the Nasdaq-listed company’s profit…