IT Software Products company RateGain Travel Technologies announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Operating Revenue of Rs 2,772.6 million v/s Rs 2,347.2 million (+ 18.1% YoY). Total Revenue at Rs 2,945.8 million v/s Rs 2,383.8 million (+ 23.6% YoY). EBITDA at Rs 602.2 million v/s Rs 464.2 million (+ 29.7% YoY). PAT at Rs 522.1 million v/s Rs 300.4 million (+ 73.8% YoY). EBITDA margin at 21.7% v/s 19.8%. PAT margin at 18.8% v/s 12.8%. H1FY25 Financial Highlights: Operating Revenue of Rs 5,372.7 million v/s Rs 4,492.0 million (+ 19.6% YoY). Total Revenue at Rs 5,728.7 million v/s Rs 4,588.4 million (+ 24.9% YoY). EBITDA at Rs 1,099.9 million v/s Rs 842.1 million (+ 30.6% YoY). PAT at Rs 975.8 million v/s Rs 549.5 million (+ 77.6% YoY). EBITDA margin at 20.5% v/s 18.7%. PAT margin at 18.2% v/s 12.2%. Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said: “We continue to show resilience and consolidate our position as the leading technology partner for marquee brands, in an evolving market. Solutions that drive profitability and deliver better returns are a key priority for the industry and RateGain continues to be the preferred choice for industry leaders to achieve their goals. We are committed to deliver customer excellence and sharpen our focus on growth through product, GTM innovation as well as strategic partnerships that will yield results in the future and help RateGain gain a strong foothold in new markets.” Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said: “We are pleased to report a healthy operating performance for Q2, marked by a steady well-rounded growth and robust operating margin expansion of 190 bps YoY. This demonstrates the strength of our SaaS based business model with its resilient and predictable revenue streams. We maintain a focus on operational excellence while investing strategically to drive sustainable value for our customers and stakeholders. This balanced approach enables us to deliver strong results and build a solid foundation for long-term success.” Result PDF
Conference Call with RateGain Travel Technologies Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Software products company RateGain Travel Technologies announced Q1FY25 results: Operating Revenue of Rs 2,600.1 million v/s Rs 2,144.8 million (+ 21.2% YoY) Total Revenue at Rs 2,782.8 million v/s Rs 2,204.6 million (+ 26.2% YoY) EBITDA at Rs 497.7 million v/s Rs 377.9 million (+ 31.7% YoY) PAT at Rs 453.8 million v/s Rs 249.1 million (+ 82.2% YoY) EBITDA margin at 19.1% v/s 17.6% PAT margin at 17.5% v/s 11.6% Sharing his views on the results, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by. Aligned with our vision of building an integrated tech stack focused on revenue maximization, leading brands across the industry continue to choose RateGain’s products to acquire more customers profitably. Our capability to deliver at scale coupled with product innovations aimed at driving more value for our customers is helping us deepen presence across our long-standing relationships along with opening up new use cases for our AI driven solutions. While the travel industry remains steady, we are mindful of the growing global uncertainties and are confident that our resilient business model and adaptive approach will help navigate these challenges.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We have delivered strong operating performance with a 150 bps improvement in our EBITDA margins YoY, even with the usual impact of annual wage increments in this quarter. This validates our efforts towards operational excellence coupled with a focused approach, we continue to see steady performance across key operating metrics. Our land and expand strategy continue to give good results with healthy revenue growth across our key customers. We remain focused on making the right investments in product, inorganic opportunities and talent to strengthen our return ratios and create long term value for all stakeholders.” With a global team of 801, RateGain is committed to creating a workplace where every employee feels valued and empowered to achieve their best. The company's attrition rate is at a record low of 10.9%, and it has been recognized for the first time as one of the Top 100 Mid-Size Workplaces in India by Great Place to Work® India its unwavering commitment to encouraging a positive, inclusive, and employee first workplace. Result PDF
IT Software Products company RateGain Travel Technologies announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Operating Revenue of Rs 2,558.1 million v/s Rs 1,829.3 million (+ 39.8%) Total Revenue at Rs 2,768.6 million v/s Rs 1,877.3 million (+ 47.5% YoY) EBITDA at Rs 542.5 million v/s Rs 322.1 million (+ 68.5% YoY) PAT at Rs 500.2 million v/s Rs 337.9 million (+ 48.1% YoY) EBITDA margin at 21.2% v/s 17.6% PAT margin at 19.6% v/s 18.5% FY24 Financial Highlights: Operating Revenue of Rs 9,570.3 million v/s Rs 5,651.3 million (+ 69.3%) Total Revenue at Rs 9,985.9 million v/s Rs 5,850.6 million (+ 70.7% YoY) EBITDA at Rs 1,897.2 million v/s Rs 846.5 million (+ 124.1% YoY) PAT at Rs 1,453.9 million v/s PAT of Rs 684.0 million (+ 112.6 YoY) EBITDA margin at 19.8% v/s 15.0% PAT margin at 15.2% v/s 12.1% Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “FY24 was a transformative year for RateGain, and it would not have been possible without the combined effort of our global teams to continuously deliver value to our clients. The need for reliable insights, easy to use and intuitive products will only increase as the industry starts looking at more data to make better decisions. Our investments over the past year in tech and talent to scale our AI-led products will enable us to be in a great position to help our customers to unlock new revenue every day. As we set sight on bigger goals, our culture of innovation and focus on operational excellence will be critical to drive future growth.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We continue to see robust revenue growth coupled with strong margin expansion, clearly demonstrating the value we are delivering to our customers. The key to this has been our proven ability to turn around our acquisitions validated by Adara’s exceptional performance. The company continues to witness significant improvement across key operating metrics including customer retention and revenue diversification. With focused execution we witnessed doubling of our contract wins in the past year powered by healthy growth from key markets and a strong demand for our products in emerging markets positioning us well for future growth opportunities.” Result PDF