India, Jan. 21 -- Nasdaq-listed online travel aggregator (OTA) MakeMyTrip (MMT) reported a 73% decline in its net profit to $7.3 Mn for the quarter ended December 31, 2025 (Q3 FY26) from $27.1 Mn in the year-ago period, largely due to rise in finance costs.

On a sequential basis, the company recovered after posting a loss of $5.7 Mn.

Meanwhile, operating revenue increased 11% YoY and 29% QoQ to $295.7 Mn in Q3 FY26.

MakeMyTrip's net finance cost in the quarter surged to $27.7 Mn from $4.8 Mn in the quarter ended December 31, 2024. This increase came primarily due to an increase of $24.2 Mn in interest expense on financial liabilities measured at amortised cost related to convertible senior notes due 2030.

The rise was due to the accou...