MakeMyTrip reported revenues of $255.4 million for the year ending March 2014, an increase of 11.6% year-on-year.
The NASDAQ-listed online travel agency reported a loss of $20.9 million over the same period, compared to a loss of $27.6 million the previous year.
The company also reported revenues of $60.9 million for first of 2014, up 10.3% y/y. Losses during that period were $2.7 million, compared to a loss of $20.3 million in the quarter ending March 2013.
Mobile updates
MakeMyTrip says its mobile apps have been downloaded over three million times, with over 19% of its monthly unique visitors from mobile channels. Mobile now constitutes some 15% of bookings.
In case of domestic flights, 15% of online flight bookings and 27% of online hotel bookings are via mobile channels.
Other fourth quarter financial updates
Air ticketing revenue was $16.4 million, an increase of 16.1% compared to the same period previous year.
Hotels and packages business generated a revenue of $43.1 million, an increase of 7.3% compared to the same period previous year. This growth was aided by the acquisition of Easytobook in February 2014.
Number of transactions in the hotel and packages business were about 280,000, an increase of 68.9% compared to the same period previous year.
Personnel expenses decreased to $8.4 million (it was at $9.8 million for the same period previous year).
Other operating expenses were reported at $22.5 million, an increase of 15.8% compared to the same period previous year. This was primarily due to an increase in expenses related to advertisement and payment gateway charges.
Gross bookings reached $341.8 million, an increase of 23% compared to the same period previous year.
Fiscal 2014 full year financial updates
Air ticketing revenue was $66.5 million, an increase of 9.3% compared to the same period previous year.
Hotels and packages business generated a revenue of $184.5 million, an increase of 12.4% compared to the same period previous year.
Number of transactions in the hotel and packages business were about 870,000, an increase of 53.1% compared to the same period previous year.
Personnel expenses increased to $37.2 million (it was at $34.5 million for the same period previous year).
Other operating expenses were reported at $80.1 million, an increase of 17.9% compared to same period previous year. This was primarily due to an increase in expenses related to advertisement, business promotion and payment gateway charges.
Gross bookings reached $1.26 billion, an increase of 18.6% compared to the same period previous year.