CL Educate’s Q3 results reflect continued growth

Growth momentum continued in Q3 FY23 despite Q3 traditionally being the weakest quarter due to exams. EdTech and MarTech revenues were up 31% and 22% respectively on a y-o-y basis. CL has crossed FY22 revenue and EBITDA in 9m FY23. While much of this recovery is due to return to…

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Can MakeMyTrip (MMT) survive for long now?

MMT’s share price hit an all-time low of around USD10 in Apr’20. While it has recovered to around USD15, it is still much less than its normal trading range. While one can blame the share price fall on Covid, but for MMT, this may not be a passing malady. Things…

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