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Makemytrip Ltd Maintains FY 2013 Revenue Guidance

Monday, 6 Aug 2012 08:00am EDT 

Makemytrip Ltd announced that it is maintaining its fiscal 2013 revenue less service costs growth guidance in the range of 30% to 32% on a constant currency basis. This growth guidance is based on average actual Indian Rupee to U.S. Dollar exchange rate of 48.23 for fiscal 2012. On a U.S. dollar basis, the Company updating its revenue less service cost guidance in the range of $99 million to $102 million solely to reflect the current the second quarter 2013 average exchange rate of INR55 to a U.S. Dollar. The previously provided guidance range had assumed an average exchange rate of INR53 to a U.S. Dollar. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $104 million for fiscal 2013. 

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