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

EntrackrEntrackr ยท 2m ago
MakeMyTrip posts $295 Mn revenue in Q3 FY26; profit down 74%
Medial

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 results for the third quarter of the ongoing fiscal year ending December 31, 2026. The companyโ€™s profit decreased by 74% in the period. MakeMyTripโ€™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 NASDAQ. Hotels and packaging contributed 54% of the companyโ€™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-month period, the companyโ€™s revenue increased by 8% to $794 million from $733 million, a year earlier. MakeMyTripโ€™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 companyโ€™s expenses increasing more than revenue, MakeMyTripโ€™s profit decreased by 74% to $7 million in Q3 FY26 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.

MakeMyTrip eyes India listing to tap domestic capital markets

EntrackrEntrackr ยท 15d ago
MakeMyTrip eyes India listing to tap domestic capital markets
Medial

MakeMyTrip, a travel platform listed on NASDAQ, is considering an initial public offering (IPO) for its India operations. This strategic listing would allow the company to tap into domestic capital markets and strengthen its position in India. This represents the Gurugram-based companyโ€™s second attempt to list in India in the past five years. The decision to list in India comes at a time when MakeMyTripโ€™s market cap has dropped from $10 billion to $4.5 billion over the past six months. Analysts say that weaker demand in specific travel segments, along with broader industry challenges, led MakeMyTrip to miss its revenue estimates and push its stock to a 52-week low. According to a company press release, the firm is exploring a potential listing of MakeMyTrip India, the entity that owns its key brands and operations in the country. It recently completed an internal restructuring by merging RedBus India into MakeMyTrip (India) Private Limited which consolidated its core India businesses under a single entity. The announcement was part of a larger update where MakeMyTrip confirmed its commitment to becoming the leader in India's travel market by investing, buying other companies, and improving technology. The company expects the move to enable the use of India-listed equity as consideration for future growth initiatives. The firm recently acquired a majority stake in group tour operator Flamingo Transworld and made a strategic minority investment in visa processing platform Atlys to expand its travel ecosystem. The Rajesh Magao-led firm also attempted to list in India shortly after Covid (2021โ€“2022). However, it could not proceed due to challenging market conditions, when its peer Ixigo also deferred its listing plans. On the financial side, MakeMyTripโ€™s operating revenue increased by 11% to $295.7 million in Q3 FY26 from $267 million in Q3 FY25, while its profit decreased by 74% to $7 million in the same period.

Delhivery profit surges over 2X to Rs 25 Cr in Q3 FY25

EntrackrEntrackr ยท 1y ago
Delhivery profit surges over 2X to Rs 25 Cr in Q3 FY25
Medial

Delhiveryโ€™s revenue from operations grew to Rs 2,378 crore in Q3 FY25, according to its financial statements filed with the National Stock Exchange. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 99 crore from non-operating activities, bringing its total revenue to Rs 2,477 crore in Q3 FY25. For Delhivery, freight handling and servicing costs made up 71% of its total expenditure, rising by 11.3% to Rs 1,750.7 crore in Q3 FY25. Employee benefit expenses remained steady at Rs 356.2 crore. Legal, depreciation, and other overhead costs contributed to a 7% increase in overall expenditure, which reached Rs 2,450 crore during the quarter. Delhivery's continued growth and controlled expenditure resulted in a more than twofold increase in its profits, reaching Rs 25 crore in Q3 FY25, compared to Rs 11.7 crore in Q3 FY24. Notably, Delhivery has generated Rs 6,740 crore in revenue during the first nine months of the current fiscal year, achieving a positive bottom line of Rs 89.5 crore. Delhivery has recently ventured into the quick commerce segment with a two-hour delivery service to cater to the rising consumer demand for faster order fulfillment. Initially launched in Bengaluru, the service will support brands across categories such as beauty and personal care, fashion, and electronics.

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X

EntrackrEntrackr ยท 1m ago
PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X
Medial

PB Fintech posts Rs 1,711 Cr revenue in Q3 FY26; profit surges 2.6X PB Fintech has released its financial results for the third quarter of the ongoing fiscal year (Q3 FY26) on Monday. The company reported a 32.5% growth in scale, while its year-on-year (YoY) profits increased by 2.6X during the same period. PolicyBazaarโ€™s revenue from operations surged to Rs 1,711 crore in Q3 FY26 in contrast to Rs 1,292 crore in Q3 FY25, as per the firmโ€™s financial results sourced from the National Stock Exchange (NSE). The Gurugram-based company generated the largest share (92%) of its operating revenue from insurance broker services, which rose to Rs 1,573 crore in Q3 FY26 from Rs 1,132 crore in Q3 FY25. Besides operating revenue, the firm also earned Rs 144 crore via interest and gains from financial assets during the quarter which took its total topline to Rs 1,856 crore in the quarter ending December 2025. PolicyBazaar has not provided a detailed breakdown of expenses in its quarterly financial statements. However, employee benefits expenses rose 25% YoY to Rs 607 crore. Overall, the company's total costs grew 27% to Rs 1,655 crore in Q3 FY26 compared to Rs 1,307 crore in Q3 FY25. PolicyBazaar's net profits surged 164% to Rs 189 crore in Q3 FY26 from Rs 71.5 crore in Q3 FY25. Sequentially, its profit increased by 40% from Rs 135 crore in Q2 FY26. At the end of the day, PolicyBazaar traded at Rs 1,545 with a total market capitalization of Rs 71,483 crore (approximately $7.8 billion).

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