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
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.” Result PDF
IT Software Products company RateGain Travel Technologies announced Q2FY24 & H1FY24 results: 1. Financial Performance: - RateGain reports exceptional performance with 88.4% YoY growth in revenue to Rs 2,383.8 million for Q2FY24. - Operating margins improved to 19.8% in Q2FY24, up from 14.1% in the same period last year. - Profit after tax grows by 131.7% to Rs 300.4 million in Q2FY24. - Total revenue for H1FY24 increases by 77.5% YoY to Rs 4,588.4 million. 2. Client Relationships: - RateGain strengthens relationships with its global enterprise customer base in the travel and hospitality industry. - The company adds new clients and monetizes key contract wins. - Revenue maximization solutions provided by RateGain continue to find favor with clients looking to drive digitization and improve guest acquisition, engagement, and retention. 3. Market Trends: - The travel industry is investing in new technologies, including AI, to improve customer experience, drive cost efficiencies, and optimize revenue. - RateGain's expertise in accurate intelligence and driving ROI for large travel brands helps in acquiring new clients. 4. Key Metrics: - LTV to CAC improves to 15.2x for H1FY24. - Revenue per Employee stands at Rs 12.6 million. - Annual recurring revenue reaches an all-time high of Rs 9,389.0 million. Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “With the travel industry making AI a priority to create predictable revenue streams and drive cost efficiencies, RateGain is emerging as a natural choice for industry leaders to help them get access to accurate pricing and travel intent data, powered by a dependable digital infrastructure to improve conversions. Our experience of managing scale across different segments by consistently showing results is helping us differentiate from other players in the market, and driving tremendous growth in our new contract wins.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company is carrying forward the momentum from its last quarter into this one, with strong performance across key operating metrics as we continue to scale up across verticals in a sustainable manner. The margin expansion continues ahead of guidance and stands at a 15-quarter high. Our steadfast focus on operational efficiency and value creation has resulted in stellar margins, affirming our capability to convert revenue into sustained profitability. The solid foundation positions us well to drive innovation and capitalize on future opportunities. Despite recent macro uncertainty, we see growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions.” Result PDF
IT software products company RateGain Travel Technologies announced Q1FY24 results: Q1FY24 vs Q1FY23: Operating revenue at Rs 2,144.8 million v/s Rs 1,193.0 million (up 79.8% YoY) Total revenue at Rs 2,204.6 million v/s Rs 1,270.5 million (up 73.5% YoY) EBITDA at Rs 377.9 million v/s Rs 119.3 million (up 216.8% YoY) PAT at Rs 249.1 million v/s Rs 84.2 million (up 195.8% YoY) EBITDA margin at 17.6% v/s 10.0% PAT margin at 11.6% v/s 7.1% Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We saw another great quarter with tremendous growth basis addition of new clients and expansion within our key accounts. With people’s attitudes changing towards having more experiences, travel industry at macro level continues to witness robust demand. RateGain is at the forefront of digitizing this industry and in a great place to capitalize on the tailwinds our industry is witnessing. We are now focusing on our next big goal of doubling revenues in the next three years as we continue to witness robust traction with key clients and add new logos to propel our future growth. We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “Our focus of driving deeper relationships with enterprises has helped us deliver strong revenue growth with healthy margin expansion in a seasonally soft quarter. With operating leverage playing out, we continue to build on the path of sustainable growth. Adara continues to build on its momentum and delivered a strong quarter across growth and margins, underlining the strength of the platform. Our inorganic growth approach continues to be a key pillar of our growth strategy as we focus to build a comprehensive revenue maximization solution to further our goal of doubling revenue in the next three years.” Result PDF