RateGain Continues Downward Slide, Hits Fresh 52-Week Low

Shares of travel-focussed SaaS company Rategain dipped as much as 2.8% to hit a fresh 52-week low at INR 455.10 on the BSE during the early trading today.

At 10:40 AM, the stock was trading 2.01% lower at INR 459.10. At this point, its market capitalisation stood at INR 5,414.54 Cr and more than 2.4 Lakh shares were traded by then. 

Amid the ongoing correction in the Indian stock markets, RateGain has been on a downward trajectory over the past few months. The stock ended the previous three trading sessions in the red. It has declined over 10.59% in the last five sessions and nearly 27% over the last month. 

The stock has given a negative return of around 38% both year to date and in the last year. 

Founded in 2004, RateGain provides SaaS products for the travel and hospitality sector to help companies streamline their sales processes.

The company recently launched an AI-powered digest for its airline customers to offer them a comprehensive daily view of their route performance, enabling them to make faster, data-driven decisions.

Rategain made its public market debut on December 17, 2021, listing at INR 364.80 on the BSE as against the issue price of INR 425 per share. The all-time high and low for the stock are INR 921.10 and INR 236.05, respectively. 

On the financial front, RateGain’s consolidated net profit surged 40% to INR 56.54 Cr in Q3 FY25 from INR 40.42 Cr in the year-ago quarter. On a quarter-on-quarter basis, net profit rose over 8% from INR 52.20 Cr.

Revenue from operations jumped nearly 11% to INR 278.70 Cr in the December quarter of FY25 from INR 252 Cr in the same quarter last year. However, it remained almost flat on a sequential basis. 

Last month, ICICI Prudential Mutual Fund acquired an additional 1.62 Lakh shares of RateGain through a secondary transaction, increasing its shareholding in the company to over 5%.