MakeMyTrip Ltd (MMYT)

[MiamiGent]

MMYT MakeMyTrip Limited Announces Fiscal 2012 Fourth Quarter and Full Year Results
BY GlobeNewswire
— 7:30 AM ET 05/24/2012

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Financial Highlights for Fiscal 2012 Fourth Quarter and Full Year
(YoY Growth % are on constant currency basis(1); please see table below for YoY growth % on actual basis)
Revenue rose 66.8% year over year (yoy) to $47.0 million in 4Q12 and grew 65.5% yoy to $196.6 million for FY12.
Revenue less service costs(2) increased 44.0% yoy to $22.1 million in 4Q12 and increased 51.7% yoy to $88.2 million for FY12.
Net revenue margin(3) for Air ticketing and Hotels and packages combined increased to 8.5% in 4Q12 versus 8.2% in 4Q11. For FY12 net revenue margin was 8.5% versus 7.9% in FY11.
Adjusted operating profit(4) for 4Q12 improved to $2.7 million yoy versus a profit of $1.1 million in 4Q11. FY12 adjusted operating profits grew to $10.9 million, up from $4.6 million in FY11.
Adjusted net income(5) for 4Q12 was $3.0 million yoy versus a profit of $1.1 million in 4Q11. FY12 adjusted net income(5) grew to $9.0 million, up from $5.1 million in FY11.
Adjusted Diluted earnings per share(5) for 4Q12 was $0.08 versus $0.03 in Q411. Adjusted Diluted earnings per share(5) for FY12 was $0.24 versus $0.15 in FY11.

GURGAON, India and NEW YORK, May 24, 2012 (GLOBE NEWSWIRE) -- MakeMyTrip Limited (MMYT) , India's leading online travel company, today announced its unaudited financial and operating results for its fourth fiscal quarter and full fiscal year ended March 31, 2012.

"MakeMyTrip (MMYT) delivered strong financial results in the fourth fiscal quarter and full year despite a challenging operating environment," said Deep Kalra, Chairman and CEO. "In the coming year we will continue to further our market leadership position through our core strength of enhancing the customers' experience."