MakeMyTrip Q4 revenue tops $250M but profit slides 16.8% as finance costs double
Q4 FY26 revenue rose 1.9% YoY to $250.1M while profit fell to $24.3M, squeezed by finance costs jumping to $16.6M from $7.5M. Bus ticketing grew 7.3%; air (-4.7%) and hotels (-1.2%) softened. FY26 revenue crossed $1.04B (+6.7%) but profit dropped 45.8% to $51.7M.
What happened
MakeMyTrip Q4 FY26 revenue grew 1.9% YoY to $250.1M, but profit fell 16.8% to $24.3M as finance costs more than doubled. Bus ticketing led growth; hotels and
Key facts
- Q4 revenue $250.1M (+1.9% YoY)
- Q4 profit $24.3M (-16.8%)
- Finance costs $16.6M vs $7.5M
- Air ticketing $58.7M (-4.7%)
- Hotels & packages $121.8M (-1.2%)
- Bus ticketing $35.9M (+7.3%)
- FY26 revenue $1.04B (+6.7%)
- FY26 profit $51.7M (-45.8%)
- Market cap ~$4.8B
Why this matters
MakeMyTrip's margin compression and rising leverage create an opening to evaluate adjacent travel assets or partnerships while the stock digests a 45.8% FY profit drop.
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