---
title: "MakeMyTrip Q1 Earnings Drop Despite Revenue Growth, Stock Climbs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294704174.md"
description: "MakeMyTrip reported a 64.7% drop in Q1 FY2027 net profit to $9.1 million due to higher finance costs and INR depreciation, despite revenue growing 6.2% to $285.6 million. Adjusted metrics improved, with adjusted net profit rising to $52.2 million. The stock climbed nearly 10% on Nasdaq."
datetime: "2026-08-03T13:53:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294704174.md)
  - [en](https://longbridge.com/en/news/294704174.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294704174.md)
---

# MakeMyTrip Q1 Earnings Drop Despite Revenue Growth, Stock Climbs

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Monday, MakeMyTrip Limited (MMYT) announced financial results for the first quarter of fiscal year 2027.

For the quarter ended June 30, 2026, the company reported a 64.7 per cent decline in profit to $9.1 million from last year's $25.8 million, primarily due to higher finance costs, which rose to $35.01 million from $10.8 million in the year-ago quarter.

The company also noted that the depreciation of INR against USD during the period had a significant impact on its results. Also, international outbound travel from India was significantly affected by the ongoing conflict in West Asia.

On a per-share basis, profit for the period totaled $0.09 compared to $0.22 in 2025.

Adjusted net profit after tax increased to $52.2 million, or $0.53 a share, from $49.4 million, or $0.42 a share, in the previous year.

Adjusted EBITDA was $55.5 million versus $51.6 million in the earlier year.

Revenue for the quarter rose 6.2 percent, to $285.6 million from $268.8 million in the prior year.

Currently, MMYT is climbing 9.91 percent, to $62.63 on the Nasdaq.

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