MMYT - MakeMyTrip Limited (MMYT) Q1 2025 Earnings Call Transcript

2024-07-23 13:31:02 ET

MakeMyTrip Limited (MMYT)

Q1 2025 Earnings Conference Call

July 23, 2024, 07:30 AM ET

Company Participants

Vipul Garg - VP-IR

Rajesh Magow - Co-Founder and Group CEO

Mohit Kabra - Group CFO

Conference Call Participants

Sachin Salgaonkar - Bank of America

Aditya Suresh - Macquarie

Manik Taneja - Axis Capital

Gaurav Rateria - Morgan Stanley

Vijit Jain - Citi

Aditya Chandrasekar - UBS

Prashant Kothari - Pictet

Presentation

Vipul Garg

Hello everyone. I am Vipul Garg, Vice President, Investor Relations at MakeMyTrip Limited, and welcome to our Fiscal '25 First Quarter Earnings Webinar. Today's event will be hosted by company's leadership team, comprising Rajesh Magow, our Co-Founder and Group Chief Executive Officer; and Mohit Kabra, our Group Chief Financial Officer.

As a reminder, this live event is being recorded by the company and will be made available for replay on our IR website shortly after the conclusion of today's event. At the end of these prepared remarks, we will also be hosting a Q&A session.

Furthermore, certain statements made during today's event may be considered forward-looking statements within the meaning of the Safe-Harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. These statements are not guarantee of future performance, are subject to inherent uncertainties and actual results may differ materially.

Any forward-looking information relayed during this event speaks only as of this date and the company undertakes no obligation to update the information to reflect changed circumstances. Additional information concerning these statements is contained in the Risk Factors and forward-looking statements section of the company's annual report on Form 20-F filed with the SEC on July 2, 2024. Copy of these filings are available from the SEC or from the company's Investor Relations department.

I would like to now turn the call over to Rajesh for his remarks. Over to you, Rajesh.

Rajesh Magow

Thank you, Vipul. Welcome everyone to our first quarter call for fiscal 2025.

We are pleased to share that we've started the financial year-on a strong note with the highest-ever quarterly gross bookings, revenue and adjusted operating profit with robust growth across all our businesses. We delivered these strong numbers despite the late pickup of the season for leisure travel due to general elections in April....

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