IT Software Products company RateGain Travel Technologies announced Q4FY23 & FY23 results: Q4FY23: Operating Revenue at Rs 1,829.3 million v/s Rs 1,078.8 million (+ 69.6% YoY) EBITDA at Rs 322.1 million v/s Rs 153.6 million (+ 109.7% YoY) PAT at Rs 337.9 million v/s Rs 116.1 million (+ 191.0 YoY) EBITDA margin at 17.6% v/s 14.2% PAT margin at 18.5% v/s 10.8% FY23: Operating Revenue at Rs 5,651.3 million v/s Rs 3,665.9 million (+ 54.2% YoY) EBITDA at Rs 846.5 million v/s Rs 305.6 million (+ 177.0% YoY) PAT at Rs 684.0 million v/s PAT of Rs 84.2 million (8.1x YoY) EBITDA margin at 15.0% v/s 8.3% PAT margin at 12.1% v/s 2.3% Sharing his views on the performance of this quarter, Bhanu Chopra, Founder, and Chairman, RateGain Travel Technologies, said, “As we complete our first full year of listing, I would like to commend and congratulate the entire RateGain family on a record year. We continue to use AI capabilities to advance our mission of building an integrated tech stack that allows our customers to acquire guests, engage & retain them and have a wallet share expansion. The travel industry continues to witness strong demand across key geographies, we are well-positioned to capture and partner with our clients to deliver innovative solutions to optimize their revenue strategy. With continued momentum across all business lines along and our continued investments into RG Labs especially in areas of AI and now Generative AI –we continue to lead the digitization of the industry.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “It has been a standout year for the company in terms of performance across all key areas contributing to record revenue with commendable margin improvement. This is a validation of the underlying business fundamentals and the value we continue to drive for our customers. We witnessed balanced growth across our three verticals with an improvement across all key metrics contributing to a stellar year, which is a true reflection of the efforts of the entire team. Adara integration continues on track, and we are pleased with this new addition to the RateGain ecosystem. With a strong pipeline across verticals, we are well positioned to deliver value to our customers and stakeholders.” Result PDF
Conference Call with RateGain Travel Technologies Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
RateGain Travel Technologies announced Q3FY23 results: Q3FY23: Operating revenue at Rs 1,382.9 million vs Rs 990.1 million (+ 39.7% YoY) EBIDTA at Rs 229.3 million vs Rs 92.6 million (+ 147.5% YoY) PAT at Rs 132.3 million vs Rs 0.9 million (147x YoY) EBITDA margin at 16.6% vs 9.4% PAT margin at 9.6% vs 0.1% 9MFY23: Operating revenue at Rs 3,822.0 million vs Rs 2,587.1 million (+ 47.7% YoY) EBIDTA at Rs 524.4 million vs Rs 151.9 million (+ 245.1% YoY) PAT at Rs 346.1 million vs Loss of Rs 31.9 million EBITDA margin at 13.7% vs 5.9% PAT margin at 9.1% Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder, and Chairman, RateGain Travel Technologies, said, “We continue to drive consistent and resilient performance on the back of expansion of existing relationships with enterprise customers. We like to challenge ourselves to do better every year and I am proud of the growth that we have achieved this quarter. Our businesses continue to witness good traction and deliver strong growth, contributing to improving margins. I am also excited about our recent acquisition of Adara and the opportunity ahead of us, as we look to re-capture and re-activate the client base to drive growth. This will also unlock further opportunities to grab mindshare and deepen relations with our customers.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company has posted another quarter of well-rounded performance with healthy revenue growth, margin expansion, and new contract wins. The team continues to deliver across key parameters leading to improvement in key metrics." Result PDF
Conference Call with RateGain Travel Technologies Management and Analysts on the Adara acquisition, a data exchange platform. Listen to the full transcript.