RateGain Travel Technologies witnessed a more than 5% increase in its share price after the company released its financial results for the fourth quarter of the fiscal year. As of 1:22 PM, the shares were trading 5.35% higher at Rs 532.05.
The company posted a net profit of ₹55 crore, marking a 9.6% rise compared to ₹50 crore recorded in the same quarter last year. Revenue for the quarter stood at ₹260.6 crore, a modest increase of 2% year-on-year from ₹255.8 crore.
The company’s EBITDA came in at ₹60.5 crore, up 11.6% from ₹54.2 crore in the corresponding quarter of the previous year. Operating margins also improved, reaching 23.22% compared to 21.19% in the same period last year.
RateGain shares opened at ₹517.60, reaching a high of ₹538.00 and a low of ₹511.55 during the session. The stock remains well below its 52-week high of ₹859.00 but above the 52-week low of ₹412.85.
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