$MMYT

MakeMyTrip Ltd

CIK:0001495153|SEC Filings

Consolidated Statement of Profit or Loss and Other Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Revenue
Other revenue	$ 125,709	$ 97,035	$ 53,043
Total revenue	1,043,991	978,336	782,524
Other income	2,043	317	770
Service cost
Procurement cost of hotels and packages services	240,863	246,550	210,357
Other cost of providing services	32,988	27,798	4,732
Personnel expenses	158,834	160,065	147,587
Marketing and sales promotion expenses	176,268	165,324	123,304
Other operating expenses	253,260	231,905	204,833
Depreciation, amortization and impairment	27,846	27,122	27,267
Results from operating activities	155,975	119,889	65,214
Finance income	27,149	28,256	24,365
Finance costs	104,756	32,191	(3,307)
Net finance income (costs)	(77,607)	(3,935)	27,672
Share of profit (loss) of equity-accounted investees	(2)	(64)	52
Profit before tax	78,366	115,890	92,938
Income tax benefit (expense)	(26,696)	(20,616)	123,805
Profit for the year	51,670	95,274	216,743
Items that will not be reclassified subsequently to profit or loss:
Remeasurements of defined benefit liability	(423)	(642)	(964)
Equity instruments at fair value through other comprehensive income - net change in fair value	275	(452)	0
Total other comprehensive income that will not be reclassified to profit or loss, net of tax	(148)	(1,094)	(964)
Items that are or may be reclassified subsequently to profit or loss:
Foreign currency translation differences on foreign operations	(80,437)	(20,898)	(9,862)
Total other comprehensive income that may be reclassified to profit or loss, net of tax	(80,437)	(20,898)	(9,862)
Other comprehensive loss for the year, net of tax	(80,585)	(21,992)	(10,826)
Total comprehensive income (loss) for the year	(28,915)	73,282	205,917
Profit (loss) attributable to:
Owners of the Company	51,804	95,101	216,801
Non-controlling interests	(134)	173	(58)
Profit for the year	51,670	95,274	216,743
Total comprehensive income (loss) attributable to:
Owners of the Company	(28,612)	73,255	206,059
Non-controlling interests	(303)	27	(142)
Total comprehensive income (loss) for the year	$ (28,915)	$ 73,282	$ 205,917
Earnings per share (in USD)
Basic	$ 0.51	$ 0.84	$ 1.95
Diluted	$ 0.36	$ 0.83	$ 1.74
Air Ticketing [Member]
Revenue
Revenue	$ 239,948	$ 241,529	$ 201,246
Hotels and Packages [Member]
Revenue
Revenue	533,063	520,411	435,542
Bus Ticketing [Member]
Revenue
Revenue	$ 145,271	$ 119,361	$ 92,693

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities
Profit for the year	$ 51,670	$ 95,274	$ 216,743
Adjustments for:
Depreciation	9,795	9,110	7,436
Amortization	18,051	18,012	19,809
Impairment of intangible assets			22
Impairment provision for non-financial assets			10,047
Intangible assets written off	1,755	1,481	982
Gain on discontinuation of equity accounted investments	(1,361)
Net gain on de-recognition of property, plant and equipment	(141)	(61)	(132)
Gain on lease modification	(63)	(20)	(12)
Net finance (income) costs	77,607	3,935	(27,672)
Share of (profit) loss of equity-accounted investees	2	64	(52)
Share based payment	22,976	36,018	36,963
Income tax (benefit) expense	26,696	20,616	(123,805)
Operating cash flows before changes in following assets and liabilities	206,987	184,429	140,329
Changes in:
Inventories	(273)	(145)	(195)
Trade and other receivables and contract assets	(22,596)	(52,424)	(25,112)
Other assets	29,736	427	(42,455)
Trade and other payables and contract liabilities and related payables	(32,776)	51,183	42,524
Employee benefits	2,736	2,272	1,705
Other liabilities	3,084	5,092	18,608
Cash generated from operating activities	186,898	190,834	135,404
Income tax paid, net	(4,361)	(5,548)	(9,664)
Net cash generated from operating activities	182,537	185,286	125,740
Cash flows from investing activities
Interest received	23,279	24,747	21,935
Acquisition of property, plant and equipment (refer note (a) below)	(4,511)	(4,473)	(5,904)
Acquisition of intangible assets	(10,015)	(7,289)	(6,920)
Proceeds from sale of property, plant and equipment	1,288	437	389
Redemption of term deposits	347,899	403,195	345,903
Investment in term deposits	(460,902)	(379,211)	(423,612)
Acquisition of subsidiary/business,net of cash acquired (refer note 7(b)-7(d) and note (b) below)	(11,941)	(10,394)	(6,476)
Loan given to equity-accounted investee received back (refer note 37)		24	24
Payment of contingent consideration (refer note 7 (c))	(566)
Investment in equity securities (refer note 9)	(10,300)
Acquisition of other securities measured at fair value through profit or loss	(39)	(73)	(11)
Income tax paid on term deposits	(1,273)	(519)	(918)
Net cash generated from (used in) investing activities	(127,081)	26,444	(75,590)
Cash flows from financing activities
Proceeds from issuance of ordinary shares (refer note 26)	1,656,000
Proceeds from issuance of convertible notes due 2030 (refer note 28)	1,437,500
Payment towards repurchase of own shares (refer note 26)	(3,038,817)
Direct cost incurred in relation to issuance of ordinary shares and convertible notes due 2030	(57,933)
Repurchase of convertible notes (refer note 28)	(4,642)
Repurchase of treasury shares (refer note 26)	(91,729)	(21,722)
Acquisition of non-controlling interest (refer note 7(a))			(7,427)
Settlement of share based arrangement (refer note 33 (d) (i))		(122)
Proceeds from issuance of shares on exercise of share based awards	1,328	7,009	5,995
Proceeds from bank loans (refer note 28)			2,114
Repayment of bank loans (refer note 28)	(1,778)	(1,455)	(1,009)
Payment of principal portion of lease liabilities (refer note 28)	(4,688)	(3,763)	(3,105)
Interest paid, including finance and other charges (refer note 16 and 28)	(2,646)	(2,838)	(2,804)
Net cash used in financing activities	(107,405)	(22,891)	(6,236)
Net increase (decrease) in cash and cash equivalents	(51,949)	188,839	43,914
Cash and cash equivalents at beginning of the year	508,362	327,065	284,018
Effect of exchange rate fluctuations on cash held	(32,409)	(7,542)	(867)
Cash and cash equivalents at end of the year (refer note 22)	424,004	508,362	$ 327,065
Supplementary information: non-cash transactions
(a) Property, plant and equipment acquired through secured bank loans (refer note 28)	$ 1,201	2,435
(b) Transfer of right to receive collection from trade receivables used to settle purchase consideration (refer note 7 (c))		$ 803

Consolidated Statement of Financial Position - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Assets
Property, plant and equipment	$ 21,654	$ 26,457
Intangible assets and goodwill	552,245	597,791
Trade and other receivables	9,182	8,879
Investment in equity-accounted investees	1,586	1,914
Other investments	12,756	972
Term deposits	17,704	2,130
Non-current tax assets, net	22,693	18,044
Deferred tax assets, net	70,503	106,431
Other non-current assets	75	402
Total non-current assets	708,398	763,020
Inventories	612	363
Contract assets	83	507
Current tax assets, net	0	9,140
Trade and other receivables	163,011	141,143
Term deposits	340,297	252,286
Other current assets	117,654	152,931
Cash and cash equivalents	424,826	508,898
Total current assets	1,046,483	1,065,268
Total assets	1,754,881	1,828,288
Equity
Share capital	48	56
Share premium	2,714,138	2,203,445
Other components of equity	10,773	(71,003)
Accumulated deficit	(2,792,733)	(929,868)
Total equity attributable to owners of the Company	(67,774)	1,202,630
Non-controlling interests	9,313	5,347
Total equity	(58,461)	1,207,977
Liabilities
Loans and borrowings	1,399,722	13,895
Employee benefits	16,477	14,705
Contract liabilities and related payables	147	175
Deferred tax liabilities, net	47,142	2,526
Other non-current liabilities	6,649	12,396
Total non-current liabilities	1,470,137	43,697
Bank overdraft	822	536
Loans and borrowings	5,877	222,142
Trade and other payables	135,777	146,999
Contract liabilities and related payables	113,003	120,098
Other current liabilities	87,726	86,839
Total current liabilities	343,205	576,614
Total liabilities	1,813,342	620,311
Total equity and liabilities	$ 1,754,881	$ 1,828,288