MakeMyTrip Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total revenues of $69,965,087 compared with $63,829,963 for the same period a year ago. Loss from operating activities was $1,176,112 compared with $6,148,254 for the same period a year ago. Loss before tax was $1,591,835 compared with $6,609,409 for the same period a year ago. Loss attributable to owners of the company was $1,633,438 or $0.04 per basic and diluted share compared with $5,218,716 or $0.14 per basic and diluted share for the same period a year ago.

For the nine months, the company reported total revenues of $194,523,653 compared with $173,632,978 for the same period a year ago. Loss from operating activities was $12,507,296 compared with $9,369,234 for the same period a year ago. Loss before tax was $18,167,566 compared with $9,281,076 for the same period a year ago. Loss attributable to owners of the company was $18,227,280 or $0.48 per basic and diluted share compared with $7,185,465 or $0.19 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $9,322,570 compared with net cash from operating activities of $3,113,724 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2014. The company remains watchful of the persistent volatility in the rupee to dollar exchange rate and an unpredictable domestic airfare environment in the coming quarters. However, the achieved results in the third quarter of fiscal year 2014 gives confidence to improve annual constant currency growth guidance to 24%-25% for revenue less service costs, which is $99 million to $100 million for the full fiscal year, at an estimated exchange rate of INR 60.39 per dollar.