Industry Trends

MMT Q3 net profit at $7.3 million, operating revenue at $295.7 million

MakeMyTrip’s Q3 net profit fell 73% to $7.3 million as finance costs surged after its capital raise, even as revenues, operating profit and hotel bookings grew, aided by portfolio diversification and AI-led efficiency initiatives despite slower domestic air travel growth.

Industry Trends

PNB Housing Finance Q3 Results: Net profit up 11% on strong retail disbursements, stable asset quality

PNB Housing Finance reported a 10.6% year-on-year increase in Q3 net profit to ₹521 crore, supported by a 12.8% rise in net interest income to ₹757 crore. Growth was driven by steady expansion in the retail loan book, which rose 16% year-on-year to ₹81,931 crore and now accounts for nearly the entire loan portfolio, while the corporate book continued to shrink sharply.