India, July 22 -- Nasdaq-listed online travel aggregator (OTA) MakeMyTrip posted a 23% increase in its profit for the first quarter of FY26 to $25.8 Mn from $21 Mn in the year-ago quarter. Sequentially, profit fell 12% from $29.2 Mn.

While the company's top line grew on a sequential as well as YoY basis, the growth took a hit due to the geopolitical situation and the crash of an Air India plane during the quarter. MakeMyTrip reported a 5.6% increase in revenue to $268.9 Mn in Q1 FY26 from $254.5 Mn in the year-ago quarter. On a QoQ basis, it rose 10% from $245.5 Mn.

The company said while it saw strong growth in April, the business growth was impacted in May and June due to the terrorist attack in Pahalgam and the subsequent India-Pakis...