Free Research Report as MakeMyTrip’s Q4 Top-Line Surged 31.5% Y-o-Y and Beat Forecasts

Stock Monitor: Carnival Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 27, 2018 / If you want access to our free earnings report on MakeMyTrip Ltd (NASDAQ: MMYT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MMYT. The Company posted its financial results on May 30, 2018, for the fourth quarter of the fiscal year 2018 (Q4 FY18) and for the full fiscal year 2018 (FY18). The Gurgaon, India-based Company’s quarterly total revenues surged 31.5% y-o-y, outperforming market consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Carnival PLC (NYSE: CUK), which also belongs to the Services sector as the Company MakeMyTrip. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CUK

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MakeMyTrip most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MMYT

Earnings Highlights and Summary

During the quarter ended March 31, 2018, MakeMyTrip’s total revenues increased to $157.81 million from the $120.03 million recorded at the end of Q4 FY17. The Company’s total revenue numbers for Q4 FY18 topped market consensus estimates of $143.03 million. The Company’s air ticketing revenues rose to $45.27 million in Q4 FY18 from $32.86 million in Q4 FY17. The Company’s hotels and packages revenues increased to $93.40 million during Q4 FY18 from $78.88 million in Q4 FY17. Furthermore, the Company’s other revenues improved to $19.14 million in Q4 FY18 from $8.29 million in Q4 FY17.

The online travel Company’s total comprehensive loss increased to $63.78 million, or $0.42 loss per diluted share, in Q4 FY18 from a total comprehensive loss of $23.62 million, or $0.93 loss per diluted share, in Q4 FY17. Meanwhile, the Company’s adjusted net loss fell to $25.76 million, or $0.25 loss per diluted share, during Q4 FY18 from an adjusted net loss of $33.07 million, or $0.42 loss per diluted share, in the previous year’s same quarter. Wall Street had expected the Company to report an adjusted net loss of $0.39 per diluted share.

For FY18, MakeMyTrip’s total revenues came in at $675.26 million compared to $447.62 million in the previous year. The Company reported a total comprehensive loss of $220.30 million, or $2.18 loss per diluted share, in FY18 versus a total comprehensive loss of $62.76 million, or $2.09 loss per diluted share, in FY17. Furthermore, the Company’s adjusted net loss was $153.52 million, or $1.53 loss per diluted share, during FY18 compared to an adjusted net loss of $99.16 million, or $1.88 loss per diluted share, in FY17.

Operational Metrics

For the reported quarter, the Company’s loss from operating activities came in at $41.69 million versus a loss from operating activities of $75.32 million in the prior year’s comparable quarter. The Company reported an adjusted operating loss of $23.55 million during Q4 FY18 compared to $35.78 million in Q4 FY17.

MakeMyTrip’s air ticketing gross bookings surged 63.0% to $743.19 million y-o-y, while its hotels and packages gross bookings grew 42.4% to $305.12 million y-o-y in Q4 FY18.

Cash Flow and Balance Sheet

During the full fiscal year 2018, MakeMyTrip’s net cash used in operating activities was $125.48 million, up from $108.46 million in FY17. At the close of books in the reported quarter, MakeMyTrip had cash and cash equivalents of $187.65 million compared to $101.70 million at the close of books on March 31, 2017.

Share Repurchase

On January 22, 2016, the Company’s Board of Directors authorized an increase in its share repurchase plan to an amount aggregating up to $150 million, at a price per ordinary share not exceeding $21.50, until November 30, 2021.

Stock Performance Snapshot

June 26, 2018 – At Tuesday’s closing bell, MakeMyTrip’s stock rose 3.43%, ending the trading session at $36.15.

Volume traded for the day: 381.28 thousand shares, which was above the 3-month average volume of 302.72 thousand shares.

Stock performance in the last month – up 0.98%; previous three-month period – up 7.91%; past twelve-month period – up 7.43%; and year-to-date – up 21.11%

After yesterday’s close, MakeMyTrip’s market cap was at $3.45 billion.

The stock is part of the Services sector, categorized under the General Entertainment industry. This sector was up 0.3% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors

ReleaseID: 503819