Stock Track | MakeMyTrip Soars 7.11% in Pre-market After Q1 Earnings Beat Estimates

Stock Track

Aug 03

Shares of MakeMyTrip (MMYT) surged 7.11% in pre-market trading on Monday, after the online travel company reported fiscal first-quarter results that significantly exceeded analyst expectations.

The company posted adjusted diluted earnings per share of $0.53, a substantial beat compared to the FactSet consensus estimate of $0.31. Revenue for the quarter came in at $285.6 million, representing a 16.1% year-over-year increase in constant currency, while gross bookings climbed 19.9% to $2,854.7 million. The strong earnings performance highlighted robust demand in the travel sector and operational efficiency, fueling investor optimism.

The upbeat quarterly report underscored MakeMyTrip's ability to capitalize on sustained travel demand, with growth in both revenue and bookings reinforcing the company's positive trajectory heading into the new fiscal year.

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