While profit grew on a year-on-year basis, it decline 9% on a quarter-on-quarter basis
RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ
EBITDA grew 31.7% YoY to INR 49.77 Cr, while EBITDA margin expanded to 19.1% as against 17.6% in the year-ago quarter
Traveltech SaaS startup RateGain’s consolidated profit after tax (PAT) jumped 82% to INR 45.37 Cr in the first quarter of the financial year 2024-25 from INR 24.91 Cr in the year-ago quarter.
However, it declined 9% on a quarter-on-quarter (QoQ) basis from INR 50.02 Cr in Q4 FY24.
Operating revenue rose both on a sequential basis and a year-on-year (YoY) basis. RateGain’s operating revenue stood at INR 278.28 Cr in Q1 FY25 up 26% YoY and 0.5% QoQ.
The startup said that increased traction across long-standing marquee relationships, “operational excellence” and focused sales and marketing efforts continue to drive revenue growth, margin expansion and pipeline momentum.
In its investor presentation, the startup said its EBITDA grew 31.7% YoY to INR 49.77 Cr during the quarter under review from INR 37.79 Cr in the-year ago period. EBITDA margin in the quarter stood at 19.1% as against a margin of 17.6% in the year-ago quarter.
“We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by…While the travel industry remains steady, we are mindful of the growing global uncertainties and are confident that our resilient business model and adaptive approach will help navigate these challenge,” RateGain’s chairman and MD Bhanu Chopra said in his comment on the financial disclosure.
The company said it made a total of 3,299 new customer additions in the June quarter. Malaysian Airlines, GreenMotion, and Hahn Air were among the new startups added during the quarter. Its “total pipeline” at the end of the quarter grew to INR 555.3 Cr at the end of the quarter, while new contract wins brought in INR 62.1 Cr during the quarter.
