RateGain Posts Q2 FY PAT 74% Higher
Technology spending is expected to hold steady as demand for user-friendly, AI-powered solutions continues to grow across all industry segments
RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for the hospitality and travel industry, announced its Q2 & H1FY25 financial results ending on September 30, 2024.
RateGain delivered broad based revenue growth with strong margin expansion contributing to improved profitability, capturing the inherent strength of the SaaS-based model.
RateGain’s recorded revenue growth of 18.1% YoY to INR 2,772.6 Mn for Q2FY25, with steady growth across all three segments. Operating margins increased from 19.8% in Q2FY24 to 21.7% in Q2FY25, with a continued focus on sustainable growth and operating leverage playing out.
Driven by changes in consumer behavior and an evolving landscape, the industry’s need for data and insights continues to increase to achieve higher profitability, enhance returns from marketing campaigns, and boost productivity through AI. Given this backdrop, technology spending is expected to hold steady as demand for user-friendly, AI-powered solutions continues to grow across all industry segments.
Sharing his views on the results, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We continue to show resilience and consolidate our position as the leading technology partner for marquee brands, in an evolving market. Solutions that drive profitability and deliver better returns are a key priority for the industry and RateGain continues to be the preferred choice for industry leaders to achieve their goals.
“We are committed to deliver customer excellence and sharpen our focus on growth through product, GTM innovation as well as strategic partnerships that will yield results in the future and help RateGain gain a strong foothold in new markets.”
Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We are pleased to report a healthy operating performance for Q2, marked by a steady well-rounded growth and robust operating margin expansion of 190 bps YoY. This demonstrates the strength of our SaaS based business model with its resilient and predictable revenue streams.
“We maintain a focus on operational excellence while investing strategically to drive sustainable value for our customers and stakeholders. This balanced approach enables us to deliver strong results and build a solid foundation for long-term success.”
