RateGain shares fall 12.5% after Q3 profit drops 53% YoY
Shares of RateGain Travel Technologies dipped as much as 12.5% to reach ₹499.35 apiece on the NSE after the company reported a 53.2% year-on-year decline in net profit to ₹26.4 crore in Q3, compared with ₹56.5 crore in the corresponding quarter last year. The SaaS company reported a mixed set of numbers for the December quarter, with strong revenue growth offset by a sharp decline in profitability amid margin pressure. Revenue from operations nearly doubled, rising 94.2% YoY to ₹540 crore, from ₹278 crore a year ago, driven by higher demand across its SaaS offerings and continued customer expansion. EBITDA increased 44% YoY to ₹87 crore, compared with ₹61 crore in Q3 last year. However, EBITDA margin contracted to 16.1% from…
Key Points
– Revenue from operations increased 94.2% YoY to ₹540 crore
– EBITDA rose 44% YoY to ₹87 crore
– Net profit declined 53.2% YoY to ₹26.4 crore
– Parent organization: RateGain Travel Technologies
– Market context: NSE (National Stock Exchange) reporting
– No specific hotel properties or brands mentioned
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