MakeMyTrip saw its revenues more than triple between the third quarter of 2020 to the corresponding period this year.
Figures released in the India-based online travel agency's latest earnings report saw the company increase revenues from $21 million in Q3 last year to $67.5 million year-over-year.
The company says its financial performance "leads and is instrumental" in the country's travel industry recovery strategy, coinciding with a significant decline in COVID-19 infections and the roll-out of a vaccine program.
Metrics for the business are up across multiple product lines in the second quarter of 2021, including gross bookings, which jumped from $213 million to $734 million year-over-year.
Revenues from air tickets doubled between the two quarters, rising from $10.9 million to $21.3 million.
Hotels and packaged products (air + accommodation) saw a significant jump between the two reporting periods in 2020 to 2021, increasing from $4.4 million to $33.5 million.
Bus ticket revenues increased 4x to $8.4 million in Q2 2021.
Losses at the company decreased from $21.2 million in Q2 2020 to $8 million between July and September this year.
To capture the gradual return to travel in the country, MakeMyTrip increased its sales and marketing activity by over 400% to $11.6 million.
Group executive chairman Deep Kalra says: "Entering the peak festive season in India, we are optimistic about the expected ongoing recovery of travel demand in the quarters to come and will continue to leverage our highly variable and more efficient fixed cost structure to maintain our leading position in the travel market in India."