MakeMyTrip Limited (NASDAQ: MMYT) reported Q1 EPS of ($0.73), versus ($0.05) reported last year. Revenue for the quarter came in at $121.23 million, versus $93.66 million reported last year.

Fiscal Year 2016-17 Business Outlook

We remain optimistic of the long term business growth opportunities that are presented by India’s low penetration in the online hotels market as well as the growing domestic aviation market. Based on the strong first fiscal quarter’s high revenue less service costs achievement and the continuation of our high growth strategy to increase our India standalone online hotels market share, we are improving our outlook for year on year Net Revenue growth in fiscal year 2017 in constant currency to a range of 35% to 40% which will be a 10% points increase over the previously rolled out growth guidance range of 25-30%.

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