MMYT 6-K 2022 - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of July 2022

Commission File Number 001-34837

MAKEMYTRIP LIMITED

(Exact name of registrant as specified in its charter)

19^th^Floor, Building No. 5

DLF Cyber City

Gurugram, India, 122002

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Other Events

Unaudited Business and Financial Highlights for the Quarter ended June 30, 2022

On July 27, 2022, MakeMyTrip Limited (“MakeMyTrip”) issued a press release announcing its unaudited business and financial highlights for the fiscal first quarter of 2023 (i.e. quarter ended June 30, 2022). A copy of the press release dated July 27, 2022 is attached hereto as Exhibit 99.1.

Exhibit
99.1	Press release by MakeMyTrip Limited dated July 27, 2022.

EXHIBIT INDEX

99.1	Press release by MakeMyTrip Limited dated July 27, 2022.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 27, 2022

MAKEMYTRIP LIMITED
By:	/s/ Rajesh Magow
Name:	Rajesh Magow
Title:	Group Chief Executive Officer

mmyt-ex991_6.htm

Exhibit 99.1

EARNINGS PRESS RELEASE

MMT delivers highest ever Quarterly Adjusted Operating Profit^1^ of $16.5 Million

Gross Bookings at $1.6 Billion, grew by 487.5% YoY and 63.3% QoQ

National, July 27, 2022 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider, today announced its unaudited financial and operating results for its fiscal first quarter ended June 30, 2022 as attached herewith and available at www.sec.gov/ and on our website.

Business & Financial Highlights | Q1 FY2023

	Q1 FY23<br><br><br>($ Million)	Q1 FY22<br><br><br>($ Million)	YoY Change<br><br><br>(Constant<br><br><br>Currency)^2^
Gross Bookings	1,612.5	286.7	487.5%
Revenue as per IFRS	142.7	32.8	354.6%
Adjusted Margin^1^
Air Ticketing	60.6	19.2	230.0%
Hotels and Packages	66.9	12.3	470.5%
Bus Ticketing	20.8	3.9	451.1%
Others	7.9	2.5	224.9%
Results from Operating Activities	4.3	(19.5)
Adjusted Operating Profit (Loss)^1^(also known as Adjusted EBIT)^3^	16.5	(8.6)
•	Q1 FY23 Gross Bookings grew by 487.5% YoY to approximately $1.6 billion. Our strong recovery is attributable to increased demand for travel during the summer holiday season, and pent-up demand for leisure travel. Even on QoQ basis, Gross Booking growth was 63.3% indicating continued strong recovery momentum.
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•	Adjusted Operating Profit^1^ of $16.5 million in Q1 FY23, as compared to Adjusted Operating Loss^1^of $8.6 million in Q1 FY22. This is primarily due to our long-term cost rationalisation measures and the strong operating leverage of our business.
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Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,

“We witnessed strong recovery during the first quarter of fiscal year 2023, largely attributable to increased demand for travel during the summer holiday season and pent-up demand for leisure travel. While consumer sentiment for travel remains extremely positive, high aviation fuel prices leading to increased air fares continue to impact the recovery of the travel market compared with pre-pandemic levels, particularly with respect to international travel. Our comprehensive suite of travel offerings, along with the strength of our brands, makes us the preferred choice for customers in India, helping us to achieve our aim of profitable growth.”

Notes:

(1)	This is a non-IFRS measure. Reconciliations of non-IFRS measures to IFRS financial measures, and operating results are included at the end of the earnings release. For more information, see “About Key Performance Indicators and Non-IFRS Measures” in our earnings release.
(2)	Constant currency refers to our financial results assuming constant foreign exchange rates for the current fiscal period based on the rates in effect during the comparable period in the prior fiscal year.
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(3)	Adjusted Operating Profit (Loss) is commonly referred to among investors and analysts in India as Adjusted EBIT.
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