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27 Years
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IT Software Products company RateGain Travel Technologies announced Q3FY24 & 9MFY24 results:
- Q3FY24:
- Total Revenue: Rs 2,628.9 million vs. Rs 1,388.5 million ( 89.3% YoY)
- EBITDA: Rs 512.6 million vs. Rs 229.3 million ( 123.5% YoY)
- PAT: Rs 404.2 million vs. Rs 132.3 million ( 205.5% YoY)
- EBITDA Margin: 20.3% vs. 16.6%
- PAT Margin: 16.0% vs. 9.6%
- 9MFY24:
- Total Revenue: Rs 7,217.3 million vs. Rs 3,973.3 million ( 81.6% YoY)
- EBITDA: Rs 1,354.7 million vs. Rs 524.5 million ( 158.3% YoY)
- PAT: Rs 953.7 million vs. PAT of Rs 346.1 million ( 175.5% YoY)
- EBITDA Margin: 19.3% vs. 13.7%
- PAT Margin: 13.6% vs. 9.1%
Sharing his views on what helped drive the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “Our team continues to demonstrate value and add marquee global clients while increasing penetration in key accounts, helping us maintain our focus on sustainable growth.
The Industry is now moving from pricing-led growth to occupancy-led growth. RateGain with its AI led products is suitably positioned to capitalize on this change and help the industry simplify guest acquisition and improve ROI.
We continue to invest in areas that are critical to drive the next leg of growth and sharpen focus on execution to capitalize on emerging opportunities and drive value for our customers.”
Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company has delivered another quarter of robust performance with strong growth momentum, steady margins and stellar new contract wins. The strength of the underlying business model with strong and continued execution from the team, has been key to improvement across key operating metrics.
The successful completion of capital raise in the past quarter highlights the faith of our investors. We are focused on delivering on the stated objectives, with a healthy pipeline in tow and in line with our vision of building an integrated tech stack to help our customers increase their revenue.”
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