MakeMyTrip(MMYT)
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MakeMyTrip(MMYT) - 2025 Q3 - Earnings Call Transcript
2025-01-23 15:44
Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1][2][3] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1][2][3] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1][2][3] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition mentioned in the provided content [1][2][3] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on the operating environment or future outlook mentioned in the provided content [1][2][3] Other Important Information - The event is being recorded and will be available for replay on the company's IR website [2] - Certain statements made during the event may be considered forward-looking under the Safe Harbor provisions of the U S Private Securities Litigation Reform Act of 1995 [3] - Forward-looking statements are subject to uncertainties and actual results may differ materially [3] - Additional information on forward-looking statements is available in the company's annual report on Form 20-F filed with the SEC on July 2 2024 [3] Q&A Session Summary - No Q&A session details provided in the content [1][2][3]
MakeMyTrip (MMYT) Q3 Earnings Miss Estimates
ZACKS· 2025-01-23 13:31
MakeMyTrip (MMYT) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.30%. A quarter ago, it was expected that this online travel company would post earnings of $0.33 per share when it actually produced earnings of $0.36, delivering a surprise of 9.09%.Over the last four quarters, the ...
MakeMyTrip(MMYT) - 2025 Q3 - Earnings Call Transcript
2025-01-23 13:30
Financial Data and Key Metrics Changes - The company reported an all-time high in quarterly gross bookings, revenue, and adjusted operating profit during Q3 fiscal 2025, with adjusted operating profit reaching $46 million, a year-on-year growth of about 38% [5][20]. - Adjusted operating profit margin as a percentage of gross bookings was 1.76%, an improvement from 1.6% in the same quarter last year [20]. - Gross booking value increased by 26.8% year-on-year in constant currency terms, compared to 22.9% in the first half of the fiscal year [5][20]. Business Segment Data and Key Metrics Changes - Air ticketing gross bookings for the quarter were $1.5 billion, reflecting a year-on-year growth of 23.1% in constant currency [21]. - Hotels and Packages segment gross bookings reached $681.5 million, a growth of 23.4% year-on-year in constant currency [22]. - The bus ticketing business saw gross bookings of $328.9 million, growing at 23.6% year-on-year in constant currency [24]. Market Data and Key Metrics Changes - The international air ticketing revenue grew over 32% year-on-year, while international hotels revenue surged over 63% year-on-year, indicating strong growth in the international outbound business [8][20]. - The domestic air market saw a growth of nearly 9% year-on-year on a flown basis, with the company maintaining a market share of over 30% [21]. Company Strategy and Development Direction - The company is focusing on enhancing customer experience through new product features, such as part payment options for international air tickets and value bundles for international flights [9][10]. - The strategy includes expanding into emerging markets and enhancing supply depth in pilgrimage cities to cater to growing spiritual tourism [11][14]. - The company is also investing in technology and customer experience, including the expansion of its Gen AI strategy with the Myra chatbot for accommodation products [13][75]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued growth of the travel sector, driven by rising income levels and changing consumer behavior towards discretionary spending [4][5]. - The company anticipates that macroeconomic factors could impact growth, but remains optimistic about outpacing industry growth rates [49][50]. - Management noted that while there are supply challenges in the domestic air market, improvements are expected in the coming quarters [32]. Other Important Information - The company has a strong cash position of over $700 million, which will be leveraged for potential growth opportunities and stock buyback programs [26]. - A business transfer agreement was signed to acquire the Happe expense management platform, enhancing the company's corporate travel and expense management solutions [26]. Q&A Session Summary Question: Outlook for air travel growth in 2025 - Management acknowledged ongoing supply constraints in the domestic air market but noted improvements are expected in the coming quarters [32]. Question: Take rate changes and competition from Indigo - Management clarified that the decrease in take rates is largely seasonal and not indicative of competitive pressure from Indigo [35]. Question: Future EBIT margin expectations - Management aims to reach an adjusted EBIT margin of 1.8% to 2% in the medium term, with ongoing cost control measures [39]. Question: Demand strength across customer segments - Management confirmed that all customer segments, including budget and premium travelers, are experiencing growth [90].
MakeMyTrip(MMYT) - 2025 Q3 - Quarterly Report
2025-01-23 11:03
Exhibit 99.1 MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2025 THIRD QUARTER RESULTS Gurugram, India and New York, January 23, 2025 — MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal third quarter ended December 31, 2024. | | | | | | | YoY | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | For the three | | For the three | | Change | For the nine | | For the nine | ...
MakeMyTrip (MMYT) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-01-16 16:06
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for MakeMyTrip (MMYT) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - MakeMyTrip is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of +22.9% [3]. - Revenues are projected to be $256.68 million, which is a 19.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst assessments [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded expectations by delivering earnings of $0.36 per share against an expected $0.33, resulting in a surprise of +9.09% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While MakeMyTrip does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].
MakeMyTrip (MMYT) Rises But Trails Market: What Investors Should Know
ZACKS· 2025-01-04 00:36
MakeMyTrip (MMYT) closed the latest trading day at $117.16, indicating a +0.8% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.26%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.77%.Prior to today's trading, shares of the online travel company had lost 0.08% over the past month. This has lagged the Computer and Technology sector's gain of 0.84% and was narrower than the S&P 500's loss of 2.82% in that time.The i ...
MakeMyTrip (MMYT) Declines More Than Market: Some Information for Investors
ZACKS· 2024-12-28 00:06
The latest trading session saw MakeMyTrip (MMYT) ending at $114.53, denoting a -1.45% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.Heading into today, shares of the online travel company had gained 1.84% over the past month, lagging the Computer and Technology sector's gain of 5.27% and outpacing the S&P 500's gain of 0.4% in that time.Analysts and inve ...
MakeMyTrip Rises 41% in 6 Months: Should You Hold or Fold the Stock?
ZACKS· 2024-12-20 16:30
MakeMyTrip Limited (MMYT) shares have soared 40.5% in six months, outperforming the broader Zacks Computer and Technology sector’s return of 5.1%. Over the same time frame, it also outperformed its Internet - Delivery Services industry and competitors, including Yatra Online (YTRA) , Tripadvisor (TRIP) and Mondee Holdings (MOND) .In the past six months, shares of YTRA have risen 13.1%, while shares of TRIP and MOND have plunged 21.8% and 98.5%, respectively. The industry appreciated 34.7% in the same time ...
MakeMyTrip (MMYT) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-12-20 00:06
Core Viewpoint - MakeMyTrip is expected to show strong earnings performance in the upcoming release, with significant year-over-year growth in both EPS and revenue. Financial Performance - The forecasted EPS for MakeMyTrip is $0.44, representing a 25.71% increase from the same quarter last year [2] - Projected revenue is $256.68 million, reflecting a 19.82% rise from the equivalent quarter last year [2] - For the entire fiscal year, earnings are projected at $1.61 per share and revenue at $968.67 million, indicating increases of +31.97% and +23.79% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip are being closely monitored, as positive revisions indicate optimism about the company's business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 69.45, significantly higher than the industry average of 24.98, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.05, compared to the industry average PEG ratio of 1.34, suggesting a higher valuation relative to projected earnings growth [8] Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]
MakeMyTrip Shares Soaring on Big Money Support
FX Empire· 2024-12-11 12:38
Core Viewpoint - The article emphasizes the importance of conducting thorough due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The content includes general news, personal analysis, and third-party publications intended for educational and research purposes [1]. - It highlights that the information provided is not a recommendation or advice for any financial action [1]. - The website does not guarantee the accuracy or real-time nature of the information, and prices may be provided by market makers rather than exchanges [1]. Group 2 - The article warns that cryptocurrencies and CFDs are complex instruments with a high risk of losing money [1]. - It encourages investors to understand how these instruments work and to assess their financial capacity to take on such risks [1]. - The company advises performing independent research before making investment decisions and to avoid investing in instruments that are not fully understood [1].