RateGain announced its Q2 FY25 financial results today, showcasing significant growth in both revenue and profitability on a year-over-year (YoY) and quarter-over-quarter (QoQ) basis. The strong operational performance was attributed to rising demand for the company’s technology solutions, leading to impressive financial results.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: ₹277.26 crore, marking an 18.1% YoY increase from ₹234.72 crore in Q2 FY24. Sequentially, revenue rose by 6.6% QoQ from ₹260.01 crore in Q1 FY25.
- Total Income: ₹294.58 crore, up 23.6% YoY from ₹238.38 crore in the same period last year. Total income also showed a 5.9% QoQ growth from ₹278.28 crore in Q1 FY25.
- Profit Before Tax (PBT): ₹68.50 crore, marking a 74.5% YoY surge from ₹39.28 crore in Q2 FY24. On a quarterly basis, PBT increased by 17.6% QoQ from ₹58.24 crore in Q1 FY25.
- Net Profit (PAT): ₹52.21 crore, reflecting a significant 73.9% YoY growth from ₹30.04 crore in Q2 FY24. PAT also rose by 15% QoQ from ₹45.38 crore in Q1 FY25.
Analysis
RateGain’s strong YoY growth in revenue and profit highlights the company’s effective response to rising market demand, with its products and services gaining traction. The QoQ improvements reinforce consistent performance and operational efficiencies, while the substantial YoY increase in profitability underlines RateGain’s strategic cost management approach.
As of 2:32 pm, the shares were trading 1.75% higher at ₹834.65 on NSE.
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