Profit Jumps 82% YoY To INR 45.37 Cr

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SUMMARY

While profit grew on a year-on-year basis, it decline 9% on a quarter-on-quarter basis

RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ

EBITDA grew 31.7% YoY to INR 49.77 Cr, while EBITDA margin expanded to 19.1% as against 17.6% in the year-ago quarter

Traveltech SaaS startup RateGain’s consolidated profit after tax (PAT) jumped 82% to INR 45.37 Cr in the first quarter of the financial year 2024-25 from INR 24.91 Cr in the year-ago quarter.

However, it declined 9% on a quarter-on-quarter (QoQ) basis from INR 50.02 Cr in Q4 FY24.

Operating revenue rose both on a sequential basis and a year-on-year (YoY) basis. RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ. 

The startup said that increased traction across long-standing marquee relationships, “operational excellence” and focused sales and marketing efforts continue to drive revenue growth, margin expansion and pipeline momentum. 

In its investor presentation, the startup said its EBITDA grew 31.7% YoY to INR 49.77 Cr during the quarter under review from INR 37.79 Cr in the-year ago period. EBITDA margin in the quarter stood at 19.1% as against a margin of 17.6% in the year-ago quarter.

“We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by…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 challenge,” RateGain’s chairman and MD Bhanu Chopra said in his comment on the financial disclosure. 

The company said it made a total of 3,299 new customer additions in the June quarter. Malaysian Airlines, GreenMotion, and Hahn Air were among the new startups added during the quarter. Its “total pipeline” at the end of the quarter grew to INR 555.3 Cr at the end of the quarter, while new contract wins brought in INR 62.1 Cr during the quarter.





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Profit Jumps 82% YoY To INR 45.37 Cr


SUMMARY

While profit grew on a year-on-year basis, it decline 9% on a quarter-on-quarter basis

RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ

EBITDA grew 31.7% YoY to INR 49.77 Cr, while EBITDA margin expanded to 19.1% as against 17.6% in the year-ago quarter

Traveltech SaaS startup RateGain’s consolidated profit after tax (PAT) jumped 82% to INR 45.37 Cr in the first quarter of the financial year 2024-25 from INR 24.91 Cr in the year-ago quarter.

However, it declined 9% on a quarter-on-quarter (QoQ) basis from INR 50.02 Cr in Q4 FY24.

Operating revenue rose both on a sequential basis and a year-on-year (YoY) basis. RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ. 

The startup said that increased traction across long-standing marquee relationships, “operational excellence” and focused sales and marketing efforts continue to drive revenue growth, margin expansion and pipeline momentum. 

In its investor presentation, the startup said its EBITDA grew 31.7% YoY to INR 49.77 Cr during the quarter under review from INR 37.79 Cr in the-year ago period. EBITDA margin in the quarter stood at 19.1% as against a margin of 17.6% in the year-ago quarter.

“We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by…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 challenge,” RateGain’s chairman and MD Bhanu Chopra said in his comment on the financial disclosure. 

The company said it made a total of 3,299 new customer additions in the June quarter. Malaysian Airlines, GreenMotion, and Hahn Air were among the new startups added during the quarter. Its “total pipeline” at the end of the quarter grew to INR 555.3 Cr at the end of the quarter, while new contract wins brought in INR 62.1 Cr during the quarter.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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