4 hours ago
MakeMyTrip reported a net loss of $9.2 million in the fiscal year ended March 2021, compared to a net loss of $86.5 million in the previous year. In line with the results of other travel ticketing platforms, the Gurgaon-based firm suffered a loss primarily due to the continued impact of the COVID-19 pandemic which led to travel restrictions and nationwide lockdown.
The platform’s revenues slipped to $163.4 million as of FY21, from $511.5 million as of the end of FY20, the company’ financial results said. Overall, the company’s operating loss was $18 million for FY21 versus a loss of $69.9 million for FY20. With the second wave of COVID-19 going on, the company said that it is unsure of the extent of the effects of its effects in terms of the result of operations, cash flows and growth prospects.
Operator
Good day, and thank you for standing by. Welcome to the MakeMyTrip Limited Fiscal 2021 Fourth Quarter and Full Year Earnings Call.
[Operator Instructions]
I would now like to hand the conference over to your speaker today, Jonathan Huang, Vice President of Investor Relations at MakeMyTrip. Please go ahead.
Jonathan Huang
Vice President of Investor Relations
Thanks, Catherine. Welcome everybody to MakeMyTrip Limited s fiscal 2021 fourth quarter and full year earnings call. I d like to remind everyone that certain statements made on today s call are considered forward-looking statements within the meaning of the safe harbor provision of the US Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance, are subject to inherent uncertainties, and actual results may differ materially. Any forward-looking information relayed on this call speaks only as of this date. Company undertakes no obligations to update information to
Karnataka to launch cargo services through its buses: Deputy CM
By IANS |
Published on
Fri, Feb 26 2021 0:36 IST |
0 Views
QINGDAO, Feb. 13, 2014 (Xinhua) Photo taken on Feb. 12, 2014 shows the container terminal at the port of Qingdao, a coastal city in east China s Shandong Province. According to the latest data released by Shanghai Shipping Exchange, the cargo thro. Image Source: IANS News
Bengaluru, Feb 26 : In a bid to tide over the revenue loss due to the drop in passengers amid Covid-19, the Karnataka State Road Transport Corporation (KSRTC) will formally launch a parcel and cargo service named Namma Cargo (Our Cargo) from Friday, Deputy Chief Minister Lakshman Savadi said.
Karnataka to launch cargo services through its buses: Deputy CM siasat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siasat.com Daily Mail and Mail on Sunday newspapers.
Bengaluru: SRTC employees boycott work - Bus transport services hampered across state daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.