IT software products company RateGain travel technologies announced Q2FY23 results: Q2FY23 vs Q2FY22: Operating revenue at Rs 1,246.1 million vs Rs 847.6 million (+ 47.0% YoY) Adjusted EBIDTA at Rs 189.5 million vs Rs 70.3 million (+ 169.6% YoY) Adjusted PAT at Rs 195.7 million vs Rs 36.9 million (+ 430% YoY) Adjusted EBITDA margin at 15.2% vs 8.3% Adjusted PAT margin at 15.7% vs 4.4% H1FY23 vs H1FY22: Operating revenue at Rs 2,439.1 million vs Rs 1,597.0 million (+ 52.7% YoY) Adjusted EBIDTA at Rs 313.2 million vs Rs 131.0 million (+ 139% YoY) Adjusted PAT at Rs 344.3 million vs Rs 77.4 million (+ 344.7% YoY) Adjusted EBITDA margin at 12.8% vs 8.2% Adjusted PAT margin at 14.1% vs 4.8% Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We continue to deliver on our promise of responsible growth and with operating leverage unfolding, we are delighted to report our highest operating margin in the past 10 quarters. This has been achieved by expanding existing relationships while costs remained flat. Our focus on solving critical industry challenges continues with the launch of our new offering– Engage AI, that will help hotels address staff shortages while delivering guest delight. Demand continues to remain strong across the travel & hospitality space and we are seeing healthy traction across all business segments.” Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company has posted another quarter of strong performance with expansion in margins being the standout. The improvement in margins YoY & sequentially is a testament to our strong fundamentals. Our revenue growth continues at a healthy pace with more broad-based growth across all three segments. We witnessed another quarter of healthy performance across key KPIs contributing to all-around growth and margins. The growing pipeline and strong client addition despite a volatile global environment highlight the strength of the travel industry and the adoption of tech products to drive revenue.” Result PDF
Conference Call with RateGain Travel Technologies Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
RateGain Travel Technologies announced Q1FY23 results: For the quarter ending June 30, 2022, the company registered a 59% YoY revenue growth with revenue from operations at Rs 1,193 Million compared to Rs 749 Million in the corresponding quarter last year. The company reported strong adjusted EBITDA growth adjusted for ESOP expenses of 103% coming in at Rs 124 Million in Q1FY23 over Rs 61 Million in Q1FY22. Adjusted EBIDTA margin for the quarter stood at 10.4% compared to 8.1% in the corresponding quarter last year. Adjusted PAT stood at Rs 149 Million in Q1FY23 compared to Rs 40 Million in Q1FY22, a growth of 267%. Adjusted PAT margin stood at 12.5% for Q1 FY23. Recurring revenues for the quarter stood at 99% and the Annual Recurring Revenue stands at Rs 4,772 Million, an increase of 20% over pre-Covid levels. The LTV to CAC for Q1 FY23 was steady YoY at 8.9x Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We are seeing a healthy demand for our products on the back of the world travelling again. We continue to deliver sustainable profitable growth resulting in margin expansion from last year coupled with a strong pipeline. With acceleration in digitization across the industry due to labor shortages, RateGain is well positioned to capture the opportunity and remains focused on building innovative products using AI/ML to help our customers acquire guests, retain them and expand on their wallet share.” Result PDF
Conference Call with RateGain Travel Technologies Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.