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MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2022 FIRST QUARTER RESULTS Financial Highlights for Fiscal 2022 First Quarter • Gross Bookings in 1Q22 reached $ 286.7 million versus $ 64.5 million in 1Q21 . • Revenue was $ 32.8 million for 1Q22 versus $ 6.4 million for 1Q21 . • • • • • • Air Ticketing Revenue improved to $ 14.7 million in 1Q22 versus $ 3.8 million in 1Q21 . Adjusted Margin ( ² ) for Air Ticketing increased to $ 19.2 million in 1Q22 versus $ 4.1 million in 1Q21 . Hotels and Packages Revenue improved to $ 11.4 million in 1Q22 versus $ 1.1 million in 1Q21 . Adjusted Margin ( 2 ) for Hotels and Packages increased to $ 12.3 million in 1Q22 versus $ 1.2 million in 1Q21 . Bus Ticketing Revenue improved to $ 4.2 million in 1Q22 versus $ 0.3 million in 1Q21 . Adjusted Margin ( 2 ) for Bus Ticketing increased to $ 3.9 million in 1Q22 versus $ 0.3 million in 1Q21 . Other Revenue improved to $ 2.5 million in 1Q22 versus $ 1.1 million in 1Q21 . Adjusted Margin ( 2 ) for Others increased to $ 2.5 million in 1Q22 versus $ 1.1 million in 1Q21 . Results from Operating Activities was a loss of $ 19.5 million in 1Q22 versus a loss of $ 34.6 million in 1Q21 , reflecting an improvement of $ 15.1 million YoY . Adjusted Operating Loss ( 2 ) was $ 8.6 million in 1Q22 versus Adjusted Operating Loss ( 2 ) of $ 21.3 million in 1Q21 , reflecting an improvement of $ 12.7 million YoY . _ Gurugram , India and New York , July 27 , 2021 MakeMyTrip Limited ( NASDAQ : MMYT ) , India's leading online travel company , today announced its unaudited interim financial and operating results for its fiscal first quarter ended June 30 , 2021 . " MakeMyTrip continued to show resilience in navigating its way through the highly challenging environment impacted by the second wave of COVID - 19 that hit India during this reported quarter . It remains well positioned to be stronger following the pandemic with its more efficient cost structure , strong balance sheet and long term investments . ” said Deep Kalra , Group Executive Chairman . “ While we remain cautiously optimistic due to the gradual recovery of travel demand in June 2021 , we continued to leverage our highly variable and more efficient fixed cost structure throughout the quarter ended June 30 , 2021 to minimize operating losses , while maintaining our leading position in the travel market in India . ”