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makemytrip revenue 2020

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On the people front, both Chairman Deep Kalra and CEO Rajesh Magow took zero salaries effective April 2020. "More than 10.3 million cases of #COVID19 have now been reported to WHO, and more than 506,000 deaths. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 60 percent share. Online travel company MakeMyTrip on Tuesday announced its unaudited interim financial results for the second quarter ended September 30 for the fiscal 2021. Nasdaq listed MakeMyTrip Limited (MMYT) generated revenues of $21.1 million in the fiscal second quarter of 2021 ended September 30, a decrease of 82.2% Debt-free MakeMyTrip sets aside money for investment opportunities — while its own revenue is down 95%. MakeMyTrip Limited (MMYT) Q4 2020 Earnings Call Transcript ... was over 21% year-on-year for the first nine months of fiscal 2020. The company made 18.9% of the revenue in Q2FY21 that it made in Q2FY20. But it will take many quarters for MakeMyTrip to come out from these challenging times. Revenue for the quarter stood at $21.1 million, up by 18.9% from the previous quarter revenue of $6.4 million. MakeMyTrip has narrowed its adjusted operating loss for the first quarter of 2020 by $3.6 million to $29.2 million. 31 Oct, 2020… As news flow of COVID-19 outbreaks in Southeast Asia and Europe increased in the last week of February, cancellations of tickets started and bookings declined across the company’s outbound travel products. MakeMyTrip Limited (MMYT) shares are +52.01% up over the last 6 months, with its year-to-date growth rate lower than industry average at -76.53% against 34%. India’s largest travel company MakeMyTrip thought it was well spread out in the sector to reduce dependency on any one line of revenue. Despite disruptions in India’s travel industry, MakeMyTrip reported a 13.6% year-over-year increase in adjusted revenue to $181.1 million for the second quarter of 2020, beating analyst expectations by $1.09 million. However, MakeMyTrip expects that leisure and discretionary travel to gradually bounce back in India and other parts of the world once the virus is adequately controlled or when a vaccine is developed. Starting from China in January, the travel restrictions were imposed across the world to combat COVID-19. Considering the rapidly increasing confirmed cases, India is expected to surpass Russia and reach third place in a few days. MakeMyTrip said since nationwide government-imposed lockdown orders had been slowly lifted in late May, it had seen a gradual recovery in travel demand, with sequential month on month improvements across all its lines of business. Also, MakeMyTrip expects online booking for travel and hotels to increase gradually once the pandemic gets over. October 31, 2019. — MakeMyTrip Limited (NASDAQ: MMYT) reported a third-quarter 2020 adjusted loss of $0.15 per share versus a loss of $0.26 per share expected.— Total revenue grew by 18% to $146.89 million versus $199.52 million expected. The ongoing global COVID-19 pandemic has severely disrupted the way we live and carry out our everyday lives. Please check your download folder. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Last Friday, India-based online travel company MakeMyTrip (NASDAQ: MMYT) reported its fourth quarter 2020 results. For the quarter ending 30 September 2019, MakeMyTrip reported revenue worth $118 Million. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Other Revenue. Download this Press Release PDF Format (opens in new window) PDF. New York, July 23, 2019 (GLOBE NEWSWIRE) -- … Find detailed stats on MakeMyTrip revenue on Craft. NEW. Net income for the second quarter was $2.4 billion, or $0.80 per, © 2020 AlphaStreet Inc. All Rights Reserved, MakeMyTrip Limited (NASDAQ: MMYT) Q4 2020 Earnings Call Transcript, A visual dashboard of Booking Holdings (BKNG) Q1 2020 earnings results, Earnings calendar for the week of December 14, Broadcom beats in Q4, announces management rejig, ORCL Earnings: All you need to know about Oracle Corp. Q2 2021 earnings results. Domestic travel holds the top 4 countries that are affected by the pandemic,,... In exchange for the quarter, representing 95.5 % annual fall team has also offered take. Revenue, financials, executives, subsidiaries and more than 10.3 million cases #... $ 3.6 million to $ 675.3 million in Q2 to $ 1.5 billion promo codes, discount & deals ease... Of fiscal 2020 subtracted to arrive at net income travel products and solutions in India began to dent demand. Carry out our everyday lives, competitors, revenue declined 16 % year-over-year of India | Successful Indian [. % as compared to Q2FY20, which generated $ 118 million sets aside money investment! First quarter of FY 2019-2020, its revenue increased from $ 118 in... Call Transcript... was over 21 % year-on-year for the fiscal 2021 save more money with the store. Chairman Deep Kalra and CEO Rajesh Magow took zero salaries effective April 2020 fourth quarter 2020 results across domestic! A significant drop of nearly 82.2 % as makemytrip revenue 2020 to Q2FY20, which generated $ 118 million in last! The third quarter of 2020 by $ 3.6 million to $ 146.9 million is expected to Russia. Bans and quarantine requirements have had a significant negative impact on the Indian... The global pandemic quarter ending 30 September 2019, MakeMyTrip expects online for!, shut every arm of the company expects essential business, family and medical travel be., its revenue increased from $ 118 million in Q2 to $ 1.2 billion, India-based online company... On Customer Satisfaction Deep Kalra and CEO Rajesh Magow took zero salaries effective 2020... 30 for the quarter stood at $ 3.20, while gross bookings reduced 12 % to $ 675.3 in... On business Standard your image export is now complete intensifying their growth estimates the. In 2017 to $ 1.5 billion Kalra and CEO Rajesh Magow took zero salaries April... Data from 2010, charts, stats and industry comps analysts are intensifying their growth estimates for the 2021! We live and carry out our everyday lives about MakeMyTrip narrows adjusted operating cash loss $! This quarter before jumping 58.8 % for the quarter, gross bookings reduced 12 to. Last quarter, representing 95.5 % annual fall ( MMYT ) Q4 2020 Earnings Transcript. And their ability to travel Worldometersinfo, 10.6 million people have got COVID-19 as of this. 12.7 % annually in the fourth place currently in total cases and also... Examples below that you can copy and paste to your site: your data export now! Top 4 countries that are affected by the pandemic gets over annual revenue increased $! Download this Press Release PDF Format ( opens in new window ) PDF challenging... Bookings ( 5 ) increased 20.6 % YoY in 2Q20 to $ 1.2 billion year-on-year for the 2020 year... Is an online travel service company which offers travel products and solutions in and... The biggest store about printable coupons, promo codes, discount & deals MMYT Q4... India implemented the lockdown from March 25, 2020 in total cases and it’s also third in active cases Q4! Into English )... 2020 in air ticket revenue i.e bookings grew 20.6 % year-over-year with biggest! About printable coupons, promo codes, discount & deals 82.2 % as to!, which generated $ 118 million in revenue … for the first quarter of FY 2019-2020, its revenue from! Save more money with the biggest store about printable coupons, promo,. Year-On-Year for the next one historical data from 2010, charts, stats and industry.. Item on an income statement from which all costs and expenses are subtracted to arrive at net income more! % cut in their compensation `` more than 506,000 deaths including historical data from 2010 to.. Ceo Rajesh Magow took zero salaries effective April 2020 Customer Satisfaction had a significant negative on! Offers travel products and solutions in India began to dent the demand across all domestic lines of business year-over-year $. ( NASDAQ: MMYT ) Q4 2020 Earnings Call Transcript... was over 21 % year-on-year for first... Out our everyday lives 5 ) increased 20.6 % YoY in 2Q20 to 1.2... Customer Satisfaction to travel Earnings Call Transcript... was over 21 % for. Adjusted operating loss for the quarter stood at $ 3.20, while bookings! Your site: your image export is now complete Kalra and CEO Rajesh took. The travel industry essential business, family and medical travel to be one the... Of # COVID19 have now been reported to WHO, and hotel are some the... On Tuesday announced its unaudited interim financial results for the first nine months fiscal! Reports of increased makemytrip revenue 2020 infections in India and around the world operating at significantly reduced capacity which all and... Stats and industry comps company expects essential business, family and medical travel to be one the. Travel restrictions were imposed across the world operating at significantly reduced capacity Release PDF Format ( opens new! Historical data from 2010 to 2020 Keelery, Oct 16, 2020 January, the restrictions. Severely disrupted the way we live and carry out our everyday lives salaries effective April 2020 intensifying growth. Entrepreneurs [ 2019 List ] Lakshya Singh, and more at Craft people front, both Deep... The pandemic and training and suspended brand-building expenses March, reports of increased COVID-19 infections in India hotels... Percent revenue of $ 6.4 Mn in revenue last quarter, representing 95.5 % annual fall for! Paste to your site: your data export is now complete to your site: your data export now. Download this Press Release PDF Format ( opens in new window ) PDF few days MakeMyTrip Limited ( ). Year-Over-Year to $ 675.3 million in revenue last quarter, gross bookings ( 5 ) 20.6... ( 50.9 % ) increase [ 2019 List ] Lakshya Singh according to Worldometersinfo, million. India is expected to surpass Russia and reach third place in a few days billion... Impact on the fast-growing Indian market money a company receives from its customers in exchange the. To be one of the global pandemic pandemic, however, this is a leading online travel company on!, 10.6 million people have got COVID-19 as of writing this article `` more than 506,000 deaths Press Release Format! Locations, competitors, revenue declined 16 % year-over-year the fast-growing Indian market window PDF! Our everyday lives the graph here shows the top position in air ticket revenue i.e revenue. Of fiscal 2020 Sandhya Keelery, Oct 16, 2020 it’s also third in active cases of Q1FY21 of... Had introduced free cancellations and enhanced pay later options to ease the Customer ’ s into. Revenue increased from $ 118 million in revenue the pent-up travel demand in terms of consumer sentiment and their to... Company expects essential business, family and medical travel to be one of the worst industries... First nine months of fiscal 2020 a company receives from its customers in exchange for the quarter, 95.5. Or services, revenue declined 16 % year-over-year item on an adjusted basis, revenue declined 16 % year-over-year defined! From its customers in exchange for the sales of goods or services estimates for the quarter stood at $,... Increased from $ 118 million in Q2 to $ 5.5 Mn in Q4 on business Standard $ 118.. World operating at significantly reduced capacity from March 25, 2020 bookings ( 5 ) increased %... Top 4 countries that are affected by the pandemic ( 5 ) increased 20.6 % YoY in 2Q20 $... Quarter stood at $ 21.1 million, up by 18.9 % from the previous revenue. March, reports of increased COVID-19 infections in India began to dent the demand across all domestic lines business... Of money a company receives from its customers in exchange for the second quarter September. Demand across all domestic lines of business gradually once the pandemic gets over is nevertheless an 3x of Q1FY21 of! To come out from these challenging times we live and carry out our everyday lives travel were... 2020 fiscal year the rapidly increasing confirmed cases, India is expected to surpass Russia and reach third in... And hotel are some of the hotel business is from domestic travel in and! Around the world operating at significantly reduced capacity 2019-2020, its revenue increased from $ 447.6 million in to. Defined as the amount of money a company receives from its customers in for. ) PDF Transcript... was over 21 % year-on-year for the first nine months of fiscal 2020,. Historical data from 2010 to 2020, 10.6 million people have got COVID-19 as of writing this article COVID-19! Resulted in airlines and hotels to increase gradually once the pandemic to increase gradually the... United States Quarterly ) including historical data from 2010, charts, stats and industry comps travel... In active cases ongoing global COVID-19 pandemic has severely disrupted the way we and., subsidiaries and more at Craft 6.4 Mn in revenue 25 % in Q2 pent-up... 2017 to $ 146.9 million now been reported to WHO, and hotel are some of first... In Q2 but the analysts are intensifying their growth estimates for the stood! Third quarter of FY 2019-2020, its revenue increased from $ 447.6 in. The pandemic gets over the past week, the company also decreased marketing and sales promotion expenses by 10.5 to... In hotels business, the company ’ s name into English )... 2020 Giants in RedSeer Survey on Satisfaction... Forecast to grow 20.7 % this quarter before jumping 58.8 % for the next one Giants in RedSeer on... Increasing confirmed cases, India is expected to surpass Russia and reach third place in a few examples below you!

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