India's Rategain jumps as Q2 profit more-than-doubles

RateGain Travel Technologies

27/10/2023 09:19

** Shares of Rategain Travel Technologies  RATE.NS  jump as
much as 6.35% to 639.45 rupees apiece
    ** Software-as-a-Service (SaaS)-solutions provider to travel
and hospitality industry posts consolidated net profit that more
than doubled to 300.4 mln rupees in September quarter compared
to 129.6 mln rupees Y/Y
    ** Revenue from operations nearly doubles to 2.35 bln rupees
from 1.25 bln rupees
    ** Trading volume is 503,844 shares as of 1:44 p.m. IST,
1.7x the 30-day avg - LSEG data
    ** RATE shares up 118% in 2023 so far, including today's
gains

    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))