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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.”
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