Rategain Travel Technologies plunges to 18-month low after successive cuts in FY25 guidance

Shares of RateGain Travel Technologies continued their decline for the eighth consecutive day on Tuesday (February 18) after the company revised its revenue guidance downward for the second time in FY25.

The company now projects a topline growth of 12-13% in FY25, down from its earlier target of 15%. This marks the second downward revision in its revenue expectations for the financial year. Initially, the company had forecasted a 20% growth for the year.

For the quarter ended December 2024, RateGain Travel Technologies reported a 40% rise in net profit to ₹56.5 crore. Revenue grew 11% year-on-year to ₹279 crore, while EBITDA surged 21% to ₹62 crore from ₹51 crore in the previous year. The company’s…