MakeMyTrip posted a total loss of $2.8 Mn in Q2 of FY22 as compared to $5.6 Mn in Q2 of FY21
MMT saw its revenue grow by 216% from $21.4 Mn in Q2 of FY21 to $67.8 Mn in Q2 of FY22
The company's total expenses dropped by 52.5% from $27.08 Mn in Q2 of FY21 to $12.8 Mn in Q2 of FY22.
NASDAQ-listed online travel portal MakeMyTrip has managed to narrow its loss by almost 50% from $5.6 Mn in Q2 of FY21 to $2.8 Mn in Q2 of FY22.
The 21-year-old company saw its total revenue from operations grow by 216% from $21.4 Mn in Q2 of FY21 to $67.8 Mn in three months ended September 2021. Segment-wise, hotels and packages contributed the most in revenue in the ongoing financial year.
One of the biggest challenge for Royal Challengers Bangalore (RCB) in the impending Indian Premier League (IPL) auction for the 2022 edition will be finding a new skipper as Virat Kohli stepped down from his role at the end if IPL 2021. Former Indian all-rounder Irfan Pathan feels that RCB might not find a captain from among the three players they retain for the 15th season and would rather have to look for a skipper from the auction pool.
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