RateGain Q3 earnings: Profit jumps to ₹13 cr on travel demand

Its operating revenue increased 1,38 cr vs 99 crore in the corresponding quarter of the previous year.

With China opening up, and a strong increase in outbound international travel expected from the United States – the travel and hospitality industry is expected to see healthy growth. The company said in a release after the earnings announcement that it would benefit RateGain.

The company reported an operating margin of 16.6% in the third quarter of FY2023, compared to 9.4% in the same period last year.

“Our business continues to have good traction and deliver strong growth, contributing to margin improvements. I am also excited about our recent acquisition of Samaira and the opportunities ahead. We, as we look to recapture and re-energize the customer base to drive growth. It will also unlock opportunities to grab mindshare and deepen relationships with our customers,” said Bhanu Chopra, Founder and President, RateGain Travel Technologies,

The company recently acquired Silicon Valley-based Samaira to build an AI-powered data platform. Samaira is a data collection and management company that helps enterprises in the travel and hospitality industry by allowing them to run optimal marketing campaigns targeted at the right audiences.

RateGain share price increased 12.60, or 3.48%, from 374.55 after the announcement of earnings.

In a recent report, Prabhudas Lilladher has given a buy rating to the stock. 455 and at stop loss 324 based on technical analysis.

Rategen Travel Technologies to list on exchanges in December 2021.

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