MakeMyTrip Q4 net income up at $ 2.95 million
MakeMyTrip posted a near 3-fold increase in its net income for the 4th quarter ended March 31, 2012 at $ 2.95 mn, compared to the corresponding period last fiscal.
By PTI | Updated:
NEW DELHI: Online travel firm MakeMyTrip Ltd today posted a near three-fold increase in its net income for the fourth quarter ended March 31, 2012 at $ 2.95 million, compared to the corresponding period last fiscal.
In the quarter ended March 31, 2011, the company had net income of $ 1.07 million, it said in a statement.
The Nasdaq-listed firm's total income also rose 49.6 per cent during the quarter to $ 46.95 million, as against $ 31.37 million.
"MakeMyTrip delivered strong financial results in the fourth fiscal quarter and full year despite a challenging operating environment," MakeMyTrip Chairman and CEO Deep Kalra said.
In the year ended March 31, 2012, the firm's net income rose 76.4 per cent to $ 9 million compared to 5.1 million in the previous year.
It's sales increased 57.5 per cent to $ 196.6 million in FY12, against $ 124.8 million in FY 11.
In the quarter ended March 31, 2011, the company had net income of $ 1.07 million, it said in a statement.
The Nasdaq-listed firm's total income also rose 49.6 per cent during the quarter to $ 46.95 million, as against $ 31.37 million.
"MakeMyTrip delivered strong financial results in the fourth fiscal quarter and full year despite a challenging operating environment," MakeMyTrip Chairman and CEO Deep Kalra said.
In the year ended March 31, 2012, the firm's net income rose 76.4 per cent to $ 9 million compared to 5.1 million in the previous year.
It's sales increased 57.5 per cent to $ 196.6 million in FY12, against $ 124.8 million in FY 11.
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