trending Market Intelligence /marketintelligence/en/news-insights/trending/BOuTLEzcud5C2lIdwGqkIg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

MakeMyTrip fiscal Q2 loss narrows YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

MakeMyTrip fiscal Q2 loss narrows YOY

MakeMyTrip Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 7 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss narrowed 42.7% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.9 million, compared with a loss of $4.6 million in the prior-year period.

The normalized profit margin increased to negative 4.9% from negative 9.8% in the year-earlier period.

Total revenue climbed 27.7% year over year to $60.5 million from $47.4 million, and total operating expenses rose 19.8% on an annual basis to $63.8 million from $53.3 million.

Reported net income totaled a loss of $4.6 million, or a loss of 11 cents per share, compared to a loss of $7.5 million, or a loss of 20 cents per share, in the prior-year period.