RateGain Travel Technologies Limited is a global provider of SaaS solutions for the travel and hospitality industry, serving in more than 100 countries by focusing on accelerating revenue generation through customer acquisition, retention, and wallet share expansion.
RateGain announced impressive financial results for Q4FY24 today. The firm’s net profit rose 48% YoY to Rs. 50 Cr, up from Rs. 33.8 Cr in the same period last year. Operating revenue increased 40% YoY to Rs. 255.8 Cr, compared to Rs. 182.9 Cr in Q4FY23. On the operating front, EBITDA surged 68.5% YoY to Rs. 54.2 Cr, while the EBITDA Margin improved to 21.2% from 17.6% in Q4FY23.
| Parameters | Q4FY24 | Q4FY23 | Y-o-Y Growth |
|---|---|---|---|
| Net Profit | Rs. 50 Cr | Rs. 33.8 Cr | 48% |
| Operating Revenue | Rs. 255.8 Cr | Rs. 182.9 Cr | 40% |
| EBITDA | Rs. 54.2 Cr | Rs. 32.2 Cr | 68.5% |
| EBITDA Margin | 21.2% | 17.6% | 360 bps |
The stock price of RainGate reached a day’s high of Rs. 820, marking an 11.7% increase, and is now just 11% away from its 52-week high of Rs. 921.10, achieved on February 16, 2024. The stock has shown a strong performance, rallying 121% from its 52-week low of Rs. 371.05 on May 30, 2023, and has surged 78.5% in the last year. In 2024 alone, the stock has risen almost 13%.
Bhanu Chopra, Chairman and MD, highlighted FY24 as a transformative year for RateGain as he emphasized the company’s investments in technology and talent to enhance AI-led products, which are crucial for driving future growth and delivering value to clients. CFO, Tanmaya Das noted significant improvements in customer retention and revenue diversification, attributing the company’s success to focused execution and strong market demand.
Conclusion: RateGain showcased stellar performance in Q4FY24, with impressive growth across key financial metrics. The company’s strategic investments in technology and talent propelled its net profit by 48% YoY and operating revenue by 40%. The company seems well-positioned for future success and growth in this industry.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: May 21, 2024, 4:34 PM IST
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