MakeMyTrip Limited, a leading online travel service provider in India, has reported record gross bookings of USD9.8 billion for FY25, marking a 25.9% increase from the previous year. The company's revenue also saw a significant rise of 27.4%, driven by strong demand across air ticketing, hotels, and bus services. The adjusted operating profit grew by 37.9%, reflecting operational efficiency and expanding customer demand. These results highlight MakeMyTrip's robust performance and market position in the travel sector.

Rajesh Magow, Group Chief Executive Officer of MakeMyTrip, underscored the company's success, stating that the record gross bookings and revenue were achieved with robust growth and expanding margins, which demonstrates the strength of their platform. Mohit Kabra, Group Chief Financial Officer, noted that their customer-centric focus has enabled them to consistently deliver strong financial performance, while maintaining a commitment to operational efficiency.

The financial highlights for MakeMyTrip include substantial growth in various service categories. Air ticketing saw a 19.7% growth in adjusted margin, reaching USD373.1 million. Hotels and packages recorded a 25.7% increase, amounting to USD429.5 million. Bus ticketing surged by 30.6%, contributing USD131 million, and other travel services grew by 50.7% to USD72 million. The adjusted operating profit rose by 37.9% to USD44.7 million in Q4 FY25, compared to USD32.4 million in the same period the previous year. Profit for the quarter was reported at USD29.2 million, a decrease from USD171.9 million in Q4 FY24, which included one-time gains; excluding these, the profit for Q4 FY24 stood at USD15.2 million.

In parallel, ixigo (Le Travenues Technology Limited), another tech-driven travel platform in India, has also reported its highest-ever quarterly and annual financial results. For the quarter ended March 31, 2025, ixigo reported a 72% year-on-year (YoY) increase in revenue from operations, reaching ₹284.1 crore, and a 65% YoY jump in Gross Transaction Value (GTV) to ₹4,418.4 crore. Q4 FY25 saw a 128% rise in Profit After Tax (PAT) to ₹16.8 crore and a 74% increase in Profit Before Tax (PBT) to ₹27.2 crore. The EBITDA for the quarter stood at ₹30.7 crore, marking a 64% increase YoY.

Flight and bus categories stood out for ixigo, each experiencing a remarkable 92% YoY growth in GTV. Train GTV also saw a solid 41% increase, showcasing ixigo’s continued strength in Tier 2 and Tier 3 India, a user segment that has been central to its strategy since inception. Rajnish Kumar, Group Co-CEO, and Aloke Bajpai, Group CEO, commented on the record quarter, noting that their outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base, a tech-centric DNA, AI-driven efficiency, and enhanced brand awareness, all while maintaining healthy margins.

The full-year financial highlights for ixigo include an all-time high GTV of ₹14,971.6 crore, up 46% from FY24. Revenue from operations jumped 39% to ₹914.2 crore. Adjusted EBITDA surged 71% YoY to ₹94.8 crore, and Profit Before Tax (PBT) rose 131% to ₹86.2 crore. Group CFO, Saurabh Devendra Singh, emphasized that FY25 was a defining year, with achievements including ₹14,972 crore in GTV and ₹914 crore in Operating Revenue, alongside a 71% YoY increase in Adjusted EBITDA. FY25 also marked ixigo’s debut on the Indian stock exchanges (NSE: IXIGO, BSE: 544192), boosting visibility and investor confidence.