RateGain Share Price Dips 5.97%; Reports 18.1% Revenue Growth in Q2 FY 2025 Earnings

RateGain Travel Technologies has announced its financial results for the quarter and half-year ended September 30, 2024. 

Q2 FY25 Financial Highlights

For the second quarter of FY25, RateGain’s operating revenue rose to ₹2,772.6 million, representing an 18.1% year-over-year (YoY) increase from the previous year. In terms of consolidated quarterly results, RateGain recorded a total revenue of ₹2,945.8 million, marking a 23.6% increase from the ₹2,383.8 million posted in Q2 FY24.

Operating margins also improved, reaching 21.7% in Q2 FY25 compared to 19.8% in Q2 FY24, demonstrating RateGain’s successful efforts to optimize operating leverage. 

Profit after Tax (PAT) saw an increase, jumping 73.8% YoY to ₹522.1 million, up from ₹300.4 million in the same period last year.

EBITDA for the quarter was ₹602.2 million, reflecting a 29.7% increase from the previous year’s ₹464.2 million. 

H1 FY25 Financial Highlights

For the first half of FY25, RateGain’s performance continued to strengthen. The company reported operating revenue of ₹5,372.7 million, marking a 19.6% increase over the ₹4,492.0 million reported in H1 FY24. 

Total revenue for H1 FY25 rose to ₹5,728.7 million, a 24.9% increase from the previous year’s ₹4,588.4 million. EBITDA reached ₹1,099.9 million, reflecting a 30.6% growth from ₹842.1 million reported in H1 FY24. 

Profit after tax for H1 FY25 grew by 77.6% YoY, reaching ₹975.8 million compared to ₹549.5 million in the corresponding period last year, which further demonstrates RateGain’s successful execution of its growth strategy.

RateGain attributes its success to a continued focus on customer satisfaction, strategic investments, and partnerships that have strengthened its project pipeline, currently valued at ₹4,691.0 million. 

On November 12, 2024, Rategain share price opened at ₹815.00, down from its previous close of ₹834.70. At 10:01 AM, the share price of Rategain was trading at ₹784.85, down by 5.97%.

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.