MakeMyTrip Swings to Quarterly Loss; How Indians Are Using its AI for Trip Planning

Indian online travel agency MakeMyTrip reported a net loss of $5.7 million for the second quarter of fiscal 2026, compared to a net profit of $17.9 million in the same quarter last year. In the previous quarter, it had posted a profit of $25.8 million.

Operating revenue rose 9% year-on-year to $229.3 million, up from $211 million.

The company attributed the quarterly loss to accounting effects from a $3.1 billion capital raise, used to repurchase and cancel 34.4 million shares from Trip.com Group in July.

MakeMyTrip also booked a foreign exchange loss of $14.3 million due to the rupee’s depreciation.

Meanwhile, the company said it has extended and expanded its share and debt repurchase program until March 31, 2030.

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