New Delhi: Online travel firm MakeMyTrip on Wednesday reported a net loss of $62.3 million (over Rs 400 crore) for the quarter ended September 30, 2017.
The company had posted a net loss of $39.5 million (over Rs 250 crore) for the corresponding period of the previous fiscal, MakeMyTrip said in its earnings release.
The company's revenue stood at $152.9 million for the September quarter. It was $83.1 million for the same period year ago.
As the results for the second quarter include the financial and operating results of ibibo Group, which was acquired on January 31, 2017, the results may not be comparable, MakeMyTrip said.
Commenting on the results, MakeMyTrip Group Chairman and Group CEO Deep Kalra said the results reflected the successful execution of the company's strategy to deliver high growth with increased operational efficiency leveraging increasing scale.