Whalesbook
Revenue Top Par, Par Profit Girta Hua!
MakeMyTrip ka naya report bata raha hai ki company revenue toh badha rahi hai, lekin profit kam ho raha hai. Competition kaafi hai aur expenses bhi badh rahe hain.
Record Revenue Ka Kamaal
FY2026 mein MakeMyTrip ka revenue $1.04 billion pahunch gaya, jo pichle saal se 10.7% zyada hai. Gross bookings bhi $10.4 billion ho gaye, 10.4% up. Operational results bhi 30.1% badh kar $156 million ho gaye. Sab badhiya chal raha hai, bookings aur revenue ke hisaab se.
Profit Par Dabav
Sab segments mein growth dikh rahi hai. Air ticketing 13.4%, hotels 15.7%, aur bus ticketing 29.3% badha. Lekin, Q4 mein profit 16.8% gir kar $24.3 million ho gaya. Poore saal ka profit 45.8% gir kar $51.7 million ho gaya. Iska main reason hai finance costs ka $7.5 million se $16.6 million ho jaana.
AI Ka Josh Aur Valuation Ka Tension
Company apne AI travel assistant Myra ko upgrade kar rahi hai, jo roz 54,000 se zyada conversations handle kar raha hai. Lekin, MakeMyTrip ka P/E ratio 86.6 hai, jo Expedia Group (20.8) aur TripAdvisor (67.6) se kaafi zyada hai. Yeh high valuation aur badhti finance costs ek challenge hai. Analysts ka mixed view hai, 'Strong Buy' rating hai aur average target $101.00 hai, par Citigroup ne targets kam kar diye hain. Regulatory issues aur direct booking platforms se competition bhi ek concern hai.
Aage Kya?
MakeMyTrip FY2026 ke Q4 aur full-year results May 19, 2026 ko announce karegi. Investors dekh rahe hain ki company kaise badhti finance costs ko manage karti hai aur AI investments mein progress karti hai.