MakeMyTrip partners with Ministry of Tourism to launch 350+ guided tours

MakeMyTrip reported Q1 FY27 earnings, highlighting AI advancements like Myra 2.0, which completes bookings end-to-end. AI generates 75% of code and resolves 50% of customer calls. The company's India subsidiary filed confidentially for an IPO. Management emphasized market share over profitability, with ground transport and hotels offsetting air ticketing declines. A new cross-network hotel loyalty program, OneCircle, was launched.

Delhi High Court ruled in favor of MakeMyTrip in a service tax evasion case brought by DGCEI. The court ordered DGCEI to refund MakeMyTrip’s service tax payments within four weeks and pay 6% simple interest if delayed. It also ordered refunds for Go Ibibo and Ebiz. MakeMyTrip reportedly paid Rs 40 crore since arrest.

MakeMyTrip (NASDAQ: MMYT) shares rose as it reported fiscal Q1 results for the quarter ended June 30. The company said adjusted EPS was $0.53 on sales of $285.5 million, beating Wall Street’s $0.43 EPS estimate, though revenue missed expectations. Gross bookings rose about 20% to ~$2.85 billion. The stock also gained amid a travel-industry rally tied to hopes for de-escalation of the Iran war.

MakeMyTrip shares rose about 9% on Tuesday after the company reported fiscal Q1 results. According to MakeMyTrip, adjusted EPS was $0.53 on sales of $285.5M, vs Street estimates of $0.43 on about $292.2M. Gross bookings rose about 20% to ~$2.85B. The stock also gained amid travel-sector optimism tied to Iran de-escalation hopes.

MakeMyTrip reported fiscal Q1 2027 adjusted EPS of $0.53 vs $0.46 consensus, up 15.2% and 26% from $0.42 a year earlier. Revenue rose 6.2% YoY to $285.6 million, with 16.1% growth in constant currency. Net margin fell to 3.2% from 9.6%, while Hotels and Packages and Bus Ticketing grew, offset by Air Ticketing revenue down 7.5%.

MakeMyTrip reported Q1 FY2027 results. Revenue rose 6.2% to $285.6 million, driven by higher bookings. Net profit fell nearly 65% to $9.1 million, attributed mainly to higher finance costs. Hotels and packages revenue increased 6.7% to $151.2 million, bus ticketing rose about 16%, and air ticketing declined 7.5%. Adjusted EBITDA was $55.5 million.