Travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 0.2 million in the third quarter ended December 2022.
The NASDAQ-listed firm had posted a loss of USD 9 million in the year-ago period, it said in a statement.
In the third quarter gross bookings grew by 64.4 per cent in constant currency year-on-year to USD 1.74 billion, the highest-ever in the company's history, it added.
"Positive consumer sentiment and peak seasonality on the back of festivals and holidays led to improved travel demand during this quarter. As a result, we recorded our highest-ever quarterly gross bookings and adjusted operating profit," MakeMyTrip Group CEO Rajesh Magow said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.