The shares of RateGain Travel Technologies Limited, which have a market valuation of Rs 8,957.51 crores, began trading on Thursday at Rs 754.15 and ended at Rs 760.30, up around 4% from the previous closing levels of Rs 729.95 a share.
These optimistic share price movements were seen today following some significant business updates from the company that were disclosed in a regulatory exchange filing.
The company stated that “AirGain,” a RateGain Product, has been chosen by “Brightline Trains,” which effortlessly connects passengers to popular destinations between South and Central Florida, for enhanced rail and airline price intelligence in the U.S. Rail Markets.
For trains, cruises, airlines, and online travel agencies, AirGain is well-known for its AI-powered revenue management solutions.
“AirGain’s rate intelligence capabilities enable transport services like Brightline to access the most accurate and up-to-date fare information for making better decisions compared to traditional systems.”
Mr. Vinay Varma, Senior Vice President and General Manager, AirGain
The company’s key performance metrics, operating revenues and after-tax numbers, both increased during the most recent financial quarters. Operating revenues increased from Rs 235 crores in Q2FY24 to Rs 252 crores in Q3FY24, while after-tax numbers increased from Rs 30 crores to Rs 40 crores.
Furthermore, the ratio analysis conducted by the company indicates that the return ratios, specifically return on equity (RoE) and return on capital employed (RoCE), are increasing. Specifically, RoE increased from 1.36 percent in FY21–22 to 9.63 percent in FY22–23, while RoCE increased from 2.61 percent to 9.13 percent.
The company’s revenue projection for FY’2024 grew to around 70%, and its EBITDA guidance is expected to be close to 19.50 percent, according to the most recent investor presentations. Furthermore, the business anticipates rapid development in the DaaS market, driven by rising volume and demand for AI models.
Considering the past year, the company’s stock has given its holders multibagger returns of almost 130%; that is, if someone had put Rs. 1 lakh in the company’s stock a year ago, it would now be worth Rs. 2.30 lakhs.
RateGain Travel Technologies Limited is a software as a service (SaaS) provider serving the travel and hospitality sector, providing solutions to a variety of verticals such as hotels, airlines, meta-search providers, and many more. Geographically, the United Kingdom is where it gets most of its income.
