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Rategain Travel Technologies Ltd Q1FY24; 212% rise in Profits

RateGain Travel Technologies Ltd is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.

Financial Results:

Rategain Travel Technologies Ltd reported Revenues for Q1FY24 of ₹214.00 Crores up from ₹119.00 Crore year on year, a rise of 79.83%.

Total Expenses for Q1FY24 of ₹188.00 Crores up from ₹115.00 Crores year on year, a rise of 63.48%.

Consolidated Net Profit of ₹25.00 Crores up 212.5% from ₹8.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.30, up 194.87% from ₹0.78 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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