RateGain Travel Technologies (RATEGAIN) Q3 24/25 earnings summary

Executive summary

• Achieved steady and sustainable Q3 FY25 performance with balanced growth, strong margins, and robust adoption of AI-powered solutions across new market segments.

• Strategic focus on scalable growth, increasing enterprise revenue share, and product innovation, especially in AI.

• Positive outlook for 2025 as economic conditions stabilize and travel demand rises, with a healthy deal pipeline and expansion in key geographies.

• Expanded sales development team and recognized for industry leadership, innovation, and workplace excellence.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024; auditors found no material misstatements.

Financial highlights

• Q3 FY25 consolidated revenue reached INR 2,787.07 million, up 10.6% year-over-year; nine-month revenue at INR 8,159.8 million, up 16.4%.

• Q3 FY25 EBITDA grew 19.9% to INR 614.7 million (22.1% margin); nine-month EBITDA up 26.6% to INR 1,714.7 million.

• Q3 FY25 PAT increased 39.9% to INR 565.4 million; nine-month PAT up 61.6% to INR 1,541.2 million.

• Basic EPS (consolidated) for Q3 FY25 was ₹4.80; nine-month EPS was ₹13.08.

• Net cash and equivalents stood at INR 12,093.6 million as of December 31, 2024.

Outlook and guidance

• FY25 revenue growth guidance revised to 12%-13% due to deal delays, with single-digit Q4 growth expected.

• FY26 expected to be a year of investment in sales and marketing, with long-term margin potential of 25%-30%.

• Management remains optimistic about future growth, with more definitive FY26 guidance to be provided next quarter.