MakeMyTrip (NASDAQ:MMYT), India's leading travel services company, announced its unaudited financial results for the fourth fiscal quarter and the full fiscal year, which concluded on March 31, 2024.

The company experienced unprecedented growth, achieving its highest-ever gross bookings and profit figures.

During the fourth quarter, typically a slower period for leisure travel, MakeMyTrip saw its gross bookings surge by 23% year-over-year in constant currency, climbing to $2,039 million from $1,673.9 million in Q4 2023.

Revenue, according to IFRS, soared by 38.1% year-over-year in constant currency to $202.9 million, up from $148.5 million in the corresponding quarter of the previous year.

Additionally, the adjusted operating profit witnessed a substantial increase of 70.4%, reaching $32.4 million compared to $19 million in Q4 2023.

Rajesh Magow, the Group Chief Executive Officer of MakeMyTrip, commented on the fiscal achievements, stating, "Indians are embracing the call to travel with newfound enthusiasm, with both leisure and business-related travel demand in India having crossed pre-pandemic levels."

He attributed the company's strong performance to its strategy of offering a comprehensive portfolio of travel and ancillary products that cater to the preferences of millions of customers, including first-time travelers.