MMYT - MakeMyTrip EPS beats by $0.28 beats on revenue

MakeMyTrip (MMYT): FQ4 GAAP EPS of $0.11 beats by $0.28.Revenue of $104.9M (-23.5% Y/Y) beats by $28.04M."We currently expect the impact of the second wave of COVID-19 pandemic on our financial results to be greater in the first quarter of the fiscal 2022 year as several state governments in India have imposed lockdowns and travel demand has been significantly impacted during April and May 2021. The extent of the effects of the COVID-19 pandemic on our business, results of operations, cash flows and growth prospects remain uncertain and would be dependent on future developments. These include, but are not limited to, the severity, extent and duration of the pandemic, its impact on the travel industries and consumer spending, rates of vaccination and the effectiveness of vaccinations against various mutations of the COVID-19 virus. While many countries have begun the process of vaccinating their residents against COVID-19, the large scale and

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MakeMyTrip EPS beats by $0.28, beats on revenue