RateGain Travel Technologies jumps around 12% on strong March quarter results; Q4 net profit up 48%

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₹50 crore while its operating revenue also grew 40 percent YoY to ₹255.8 crore. On the operating front, its EBITDA surged 68.5 percent YoY to ₹54.2 crore. “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, and 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," said Bhanu Chopra, Chairman and Managing Director, RateGain.

Overall for the full financial year FY24, the company's net profit soared 112.6 percent Yoy to ₹145.39 crore while its revenue also jumped 124 percent to ₹189.72 crore. The stock rose as much as 11.7 percent to its day's high of ₹820. It is now just 11 percent away from its 52-week high of ₹921.10, hit on February 16, 2024 and has rallied 121 percent from its 52-week low of ₹371.05, hit on May 30, 2023.

The stock has surged 78.5 percent in the last 1 year and almost 13 percent in 2024 YTD. It has risen almost 12 percent in May after a 2.7 percent and 11.7 percent decline in April and March. Meanwhile, it gained 2 percent in February and 9.5 percent in January.