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MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2022 SECOND QUARTER RESULTS Financial Highlights for Fiscal 2022 Second Quarter • Gross Bookings in 2Q22 reached $ 734.1 million versus $ 213.0 million in 2Q21 and $ 286.7 million in 1Q22 . • Revenue was $ 67.5 million for 2Q22 versus $ 21.1 million for 2Q21 and $ 32.8 million in 1Q22 . • • • • • Air Ticketing Revenue improved to $ 21.3 million in 2Q22 versus $ 10.9 million in 2Q21 and $ 14.7 million in 1Q22 . Adjusted Margin ( 2 ) for Air Ticketing increased to $ 38.6 million in 2Q22 versus $ 11.9 million in 2Q21 and $ 19.2 million in 1Q22 . Hotels and Packages Revenue improved to $ 33.5 million in 2Q22 versus $ 4.4 million in 2Q21 and $ 11.4 million in 1Q22 . Adjusted Margin ( 2 ) for Hotels and Packages increased to $ 35.5 million in 2Q22 versus $ 5.5 million in 2Q21 and $ 12.3 million in 1Q22 . Bus Ticketing Revenue improved to $ 8.4 million in 2Q22 versus $ 2.7 million in 2Q21 and $ 4.2 million in 1Q22 . Adjusted Margin ( 2 ) for Bus Ticketing increased to $ 7.9 million in 2Q22 versus $ 2.5 million in 2Q21 and $ 3.9 million in 1Q22 . Other Revenue improved to $ 4.3 million in 2Q22 versus $ 3.1 million in 2Q21 and $ 2.5 million in 1Q22 . Adjusted Margin ( 2 ) for Others increased to $ 4.4 million in 2Q22 versus $ 3.1 million in 2Q21 and $ 2.5 million in 1Q22 . Results from Operating Activities was a loss of $ 8.0 million in 2Q22 versus a loss of $ 26.1 million in 2Q21 and $ 19.5 million in 1Q22 , reflecting an improvement of $ 18.1 million YoY and $ 11.5 million QoQ . Adjusted Operating Profit ( ² ) was $ 6.6 million in 2Q22 versus Adjusted Operating Loss ( 2 ) of $ 12.9 million in 2Q21 and $ 8.6 million in 1Q22 , reflecting an improvement of $ 19.5 million YoY and $ 15.2 million QoQ . _ Gurugram , India and New York , October 26 , 2021 — MakeMyTrip Limited ( NASDAQ : MMYT ) , India's leading online travel company , today announced its unaudited interim financial and operating results for its fiscal second quarter ended September 30 , 2021 . " MakeMyTrip continued to lead and be instrumental in the recovery of travel in India as the country's new daily reported COVID - 19 infections have declined significantly since May 2021 , aided by over one billion vaccine doses that have been administered so far . The results of the reported fiscal quarter clearly showcases the durable strength of its multiple brands , driven by its relentless focus on serving its customers with the best possible experience for their travel booking needs . ” said Deep Kalra , Group Executive Chairman . “ Entering the peak festive season in India , we are optimistic about the expected ongoing recovery of travel demand in the quarters to come and will continue to leverage our highly variable and more efficient fixed cost structure to maintain our leading position in the travel market in India . ”