MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%

Online travel booking (OTA) giant MakeMyTrip which is listed on NASDAQ has announced its financial result for the third quarter of the ongoing fiscal year ending December 31, 2026. The company’s profit decreased by 74% in the period.

MakeMyTrip’s operating revenue increased by 11% to $ 295.7 million in Q3 FY26 from $267 million in Q3 FY25, as per its financial statements filed with the NASDAQ.

Hotels and packaging contributed 54% of the company’s revenue which increased by 9.5% to $191 million in Q3 FY26, up from $147 million in Q3 FY25. Air Ticketing accounted for 20% of the revenue, generating $60 million while Bus Ticketing generated $37 million in the period.

For the nine months period, the company’s revenue increased by 8% to $794 million from $733 million, a year earlier.

MakeMyTrip’s total expenses rose 18% to $289 million in Q3 FY26 from $244 million in Q3 FY25. Service cost accounted for 30% of the total, increasing 14% to $88 million in Q3 FY26. Finance cost, personal expense, and advertising were other major costs for MakeMyTrip in the last quarter.

With the company’s expenses increasing more than revenue, MakeMyTrip’s profit decreased by 74% to $7 million in Q3 FY26 as compared to $27 million in Q3 FY25. On a unit basis, the Gurugram-based company spent Rs 0.98 to earn a rupee of operating revenue during the last quarter.