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- Shares of RateGain Travel Technologies surged almost 12 percent in intra-day deals on Tuesday after the firm posted strong results for the quarter ended March 2024 (Q4FY24).
- The company’s net profit rose 48 percent year-on-year (YoY) to ₹50 crore, with operating revenue also growing 40 percent YoY to ₹255.8 crore.
- “FY24 was a transformative year for RateGain, and it would not have been possible without our global teams,” said Bhanu Chopra, Chairman and Managing Director, RateGain.
RateGain’s impressive Q4FY24 performance underscores its robust growth trajectory and operational excellence.
Financial Highlights and Stock Performance
RateGain’s net profit increased significantly by 48 percent YoY to ₹50 crore in Q4FY24, with an operating revenue jump of 40 percent to ₹255.8 crore. The stock price responded positively, climbing up to 11.7 percent in a single day.
Operational Success and Future Outlook
EBITDA rose by 68.5 percent YoY to ₹54.2 crore, and the EBITDA margin increased to 21.2 percent. The company’s focus on AI-led products and international expansion is setting the stage for sustained growth.
Conclusion
RateGain’s strategic initiatives and strong Q4FY24 results position the company well for future success, reflecting its potential for continued revenue growth and market expansion.
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