RateGain Travel Technologies Limited reported a 39.9% year-on-year (YoY) increase in its net profit for the quarter ended December 31, 2024. The company’s profit rose to ₹56.54 crore in Q3 FY24, compared to ₹40.42 crore in Q3 FY23.
Revenue from operations grew 10.6% YoY to ₹278.70 crore in Q3 FY24, up from ₹252.02 crore in the corresponding quarter last year. Sequentially, the company posted a marginal increase, with Q3 revenue slightly above the ₹277.26 crore recorded in Q2 FY24.
For the nine months ended December 31, 2024, RateGain’s revenue stood at ₹815.98 crore, reflecting a 16.3% YoY rise from ₹701.22 crore in the same period last year. Net profit for the nine-month period surged 61.6% YoY to ₹154.12 crore from ₹95.37 crore in 9MFY23.
The company has continued to expand its presence in the travel and hospitality technology space, leveraging artificial intelligence-driven solutions to enhance revenue optimization for its clients.
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