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Exhibit 99.1
EARNINGS PRESS RELEASE
Quarterly Gross Bookings growth at 126.3% YoY2 |$15.1 Million Adjusted Operating Profit1
National, November 1, 2022 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider, today announced its unaudited financial and operating results for its fiscal second quarter ended September 30, 2022 as attached herewith and available at www.sec.gov/ and on our website at http://investors.makemytrip.com.
Business & Financial Highlights | Q2 FY2023
| Q2 FY23 ($ Million) | Q2 FY22 ($ Million) | YoY Change (Constant Currency)2 |
Gross Bookings | 1,541.7 | 734.1 | 126.3% |
Revenue as per IFRS | 131.3 | 67.5 | 111.4% |
Adjusted Margin1 |
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Air Ticketing | 75.0 | 38.6 | 109.2% |
Hotels and Packages | 57.4 | 35.5 | 74.7% |
Bus Ticketing | 16.9 | 7.9 | 129.8% |
Others | 7.5 | 4.4 | 89.1% |
Results from Operating Activities | 3.9 | (8.0) |
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Adjusted Operating Profit (Loss)1 (also known as Adjusted EBIT)3 | 15.1 | 6.6 |
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Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,
“Travel continues to rebound on the back of waning COVID-19 infections and positive consumer sentiment. We witnessed strong performance both in terms of revenue and profitability in a seasonally weak quarter. As a leading travel service provider, we continue to garner a major share of travel demand on the back of our robust multi-product platform and customer-first approach.”
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Notes: