MakeMyTrip narrows adjusted operating cash loss to $5.5 mn in Q4

Total Adjusted Revenue falls to $137.2 million in the quarter ended March 31, 2020 from $163.3 million in the same quarter last year

Online travel portal MakeMyTrip on Friday said its adjusted operating cash loss narrowed to $5.5 million for the quarter ended March 31. The fourth quarter of FY20 was partially marked by weak consumer travel demand due to a challenging macroeconomic environment caused by the Covid-19 pandemic.

The adjusted loss includes a one-time increase of 84.2 per cent in other operating expenses at $65.8 million in the quarter, from $35.7 million a year ago, primarily due to a one-time provision for litigations of $30.8 million for a dispute related to a prior acquisition. Barring these one-time costs, adjusted net loss remained