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IT Software products company RateGain Travel Technologies announced Q1FY25 results:
- Operating Revenue of Rs 2,600.1 million v/s Rs 2,144.8 million ( 21.2% YoY)
- Total Revenue at Rs 2,782.8 million v/s Rs 2,204.6 million ( 26.2% YoY)
- EBITDA at Rs 497.7 million v/s Rs 377.9 million ( 31.7% YoY)
- PAT at Rs 453.8 million v/s Rs 249.1 million ( 82.2% YoY)
- EBITDA margin at 19.1% v/s 17.6%
- PAT margin at 17.5% v/s 11.6%
Sharing his views on the results, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by. Aligned with our vision of building an integrated tech stack focused on revenue maximization, leading brands across the industry continue to choose RateGain’s products to acquire more customers profitably.
Our capability to deliver at scale coupled with product innovations aimed at driving more value for our customers is helping us deepen presence across our long-standing relationships along with opening up new use cases for our AI driven solutions.
While the travel industry remains steady, we are mindful of the growing global uncertainties and are confident that our resilient business model and adaptive approach will help navigate these challenges.”
Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We have delivered strong operating performance with a 150 bps improvement in our EBITDA margins YoY, even with the usual impact of annual wage increments in this quarter. This validates our efforts towards operational excellence coupled with a focused approach, we continue to see steady performance across key operating metrics.
Our land and expand strategy continue to give good results with healthy revenue growth across our key customers.
We remain focused on making the right investments in product, inorganic opportunities and talent to strengthen our return ratios and create long term value for all stakeholders.”
With a global team of 801, RateGain is committed to creating a workplace where every employee feels valued and empowered to achieve their best. The company's attrition rate is at a record low of 10.9%, and it has been recognized for the first time as one of the Top 100 Mid-Size Workplaces in India by Great Place to Work® India its unwavering commitment to encouraging a positive, inclusive, and employee first workplace.
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