MakeMyTrip Limited (NASDAQ: MMYT) reported Q4 EPS of ($0.82), $0.32 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $88 million versus the consensus estimate of $37.53 million.

Fiscal Year 2016-17 Business Outlook

We remain optimistic of leveraging increasing smartphone driven internet penetration by acquiring new users through aggressive customer promotions and driving repeat usage as well as brand loyalty through engaging brand campaigns and good customer experience. In doing this, we will be guided by our longer term key strategic objective of driving up the Hotels and packages business mix to over 70% in the coming years. Enthused by the high transaction growth in fiscal year 2016 in the India standalone online hotels business booked online, we will continue to remain focused on increasing our market share in this business in fiscal year 2017. Our outlook for year on year Net Revenue growth in fiscal year 2017 in constant currency is approximately 25% to 30%

For earnings history and earnings-related data on MakeMyTrip Limited (MMYT) click here.