Noida, India, 12 August 2024: RateGain Journey Applied sciences Restricted (NSE: RATEGAIN), a world supplier of AI-based SaaS options for the hospitality and journey business, right now introduced its monetary outcomes for the primary quarter of fiscal yr 2025 ending June 30, 2024. RateGain started fiscal yr 25 . on a steady observe with wholesome development and enhancing profitability, persevering with the momentum of final yr’s achievements.
RateGain’s income grew 21.2% YoY to ₹2,600.1 crore, whereas working margins elevated from 17.6% to 19.1% in Q1FY25. PAT registered a major enhance of 82.2% YoY to INR 453.8 million as in comparison with INR 249.1 million final yr. Elevated enchantment in long-term model relationships, operational excellence and centered gross sales and advertising efforts proceed to drive income development, margin enlargement and constructing momentum.
For Q1 FY25, in comparison with the identical quarter final yr, the corporate reported:
- Working Revenue of INR 2,600.1 million vs. INR 2,144.8 million (+21.2% YoY)
- Whole income at INR 2,782.8 million vs. INR 2,204.6 million (+26.2% YoY)
- EBITDA at INR 497.7 million vs INR 377.9 million (+31.7% YoY)
- PAT at INR 453.8M vs INR 249.1M (+82.2% YoY)
- EBITDA margin at 19.1% in comparison with 17.6%
- PAT margin at 17.5% in comparison with 11.6%
The corporate’s income maximization instruments are extremely valued by purchasers within the journey and hospitality sectors, who wish to improve digitization for higher omnichannel experiences to have interaction clients, drive operational effectivity and optimize income. With regular world demand for journey, RateGain is nicely positioned to capitalize on this chance and has a wholesome income of ₹5553.1 crore.
The corporate continues to outperform key operational metrics when in comparison with different SaaS corporations, with Q1FY25 LTV to CAC at 15.7x and income per worker at INR 13.0 million, highlighting wholesome productiveness. Annual recurring income for RateGain is at an all-time excessive of INR 10,400.4 million.
Sharing your ideas on the outcomes, Bhanu Chopra, Founder and President, RateGain Journey Applied scienceshe mentioned, “We had a gentle begin to FY25 with a balanced efficiency, consolidating our place from the report yr that handed. Aligned with our imaginative and prescient of constructing an built-in know-how stack centered on maximizing income, main manufacturers throughout the business proceed to decide on RateGain merchandise to profitably win extra clients.
Our capacity to ship scale coupled with product innovation centered on rising worth for our clients helps us deepen our presence in our long-standing relationships whereas opening new use instances for our AI-driven options.
Whereas the journey business is steady, we’re conscious of rising world uncertainty and are assured that our resilient enterprise mannequin and adaptive strategy will assist meet these challenges.”
Commenting on key metrics, Tanmaya Das, Chief Monetary Officer, RateGain Journey Applied scienceshe mentioned, “We delivered a powerful working efficiency with our EBITDA margins enhancing by 150 foundation factors yr over yr, even with the same old impression of annual wage will increase and bonuses awarded this quarter. This confirms our efforts in direction of operational excellence mixed with a centered strategy, we proceed to report steady efficiency in key operational metrics.
Our land and enlargement technique continues to ship good outcomes with wholesome income development at our key purchasers.
We stay centered on the correct investments in merchandise, inorganic alternatives and expertise to strengthen our return ratios and create long-term worth for all stakeholders.”
With a world group of 801, RateGain is dedicated to making a office the place each worker feels valued and empowered to attain their finest. The corporate’s layoff charge is at an all-time low of 10.9% and has been acknowledged for the primary time by Nice Place to Work® India as one of many high 100 mid-sized workplaces in India for its unwavering dedication to fostering a optimistic, inclusive, and workplace-first staff.
About RateGain
RateGain Journey Applied sciences Restricted is a world supplier of AI-powered journey and hospitality SaaS options working with greater than 3,200 purchasers and greater than 700 companions in additional than 100 international locations, serving to them speed up income technology via acquisition, retention and enlargement of share of pockets.
At the moment, RateGain is likely one of the world’s largest processors of digital transaction, pricing and journey intent knowledge, serving to income administration, distribution and advertising groups in motels, airways, meta-search corporations, package deal tour suppliers, automobile rental corporations, journey administration corporations, cruises and ferries obtain higher outcomes for his or her enterprise. Based in 2004 and headquartered in India, RateGain right now works with 26 of the highest 30 lodge chains, 25 of the highest 30 on-line journey companies, 4 of the highest 5 airways and all the high automobile rental corporations, together with 16 World Fortune 500 corporations in unlocking new income daily. For extra info, go to www.rategain.com
Ahead-looking statements
Statements on this doc that relate to future standing, occasions or circumstances, together with however not restricted to statements about plans and aims, analysis and improvement progress and outcomes, potential mission traits, mission potential and goal dates for project-related points are forward-looking statements primarily based on estimates and anticipated results of future occasions on present and growing circumstances. Such statements are topic to quite a few dangers and uncertainties and don’t essentially predict future outcomes. Precise outcomes could differ materially from these anticipated within the forward-looking statements. The Firm undertakes no obligation to replace any forward-looking statements to mirror precise outcomes, modified assumptions or different components.
Media contacts
Aastha Khurana
media@rategain.com
Director of Company Communications