Rategain Travel Technologies Q2 Results Live : Rategain Travel Technologies declared their Q2 results on 11 Nov, 2024, revealing an impressive topline increase of 18.12% year-over-year. This growth is complemented by a remarkable profit rise of 73.81% compared to the same quarter last year.
In comparison to the previous quarter, Rategain's revenue showed a healthy growth of 6.63%, while profit experienced a 15.06% increase, indicating a consistent upward trajectory for the company.
The company reported that Selling, General & Administrative expenses rose by 1.73% quarter-over-quarter and increased by 10.83% year-over-year, reflecting a controlled expense management strategy amidst growth.
Operating income saw a significant boost, up by 27.88% quarter-over-quarter and 43.12% year-over-year, showcasing operational efficiency and strong demand in the market.
Earnings per share (EPS) for Q2 stood at ₹4.38, marking an impressive increase of 58.12% year-over-year, further underscoring the company's profitability and shareholder value creation.
Despite a -4.38% return in the last week, Rategain Travel Technologies has delivered an 8.91% return over the past six months and a 3.75% year-to-date return, indicating a resilient performance amidst market fluctuations.
With a current market capitalization of ₹8900.21 Cr, Rategain's stock has seen a 52-week high of ₹921.7 and a low of ₹635.55, reflecting strong investor interest and market confidence.
As of 13 Nov, 2024, out of five analysts covering Rategain Travel Technologies, one has issued a Sell rating, while two analysts recommend a Buy and two others suggest a Strong Buy, resulting in a consensus recommendation to Buy.
Rategain Travel Technologies Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 277.26 | 260.01 | +6.63% | 234.72 | +18.12% |
Selling/ General/ Admin Expenses Total | 104.55 | 102.77 | +1.73% | 94.33 | +10.83% |
Depreciation/ Amortization | 8.71 | 9.49 | -8.25% | 10.43 | -16.47% |
Total Operating Expense | 225.75 | 219.73 | +2.74% | 198.73 | +13.59% |
Operating Income | 51.51 | 40.28 | +27.88% | 35.99 | +43.12% |
Net Income Before Taxes | 68.5 | 58.24 | +17.63% | 39.28 | +74.39% |
Net Income | 52.21 | 45.38 | +15.06% | 30.04 | +73.81% |
Diluted Normalized EPS | 4.38 | 3.81 | +14.96% | 2.77 | +58.12% |
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