Rategain Travel Technologies Q2 Results Live: Profit Rises by 73.81% YOY

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.