Rategain Travel Technologies Reports Record High Net Sales in Q3 2024.

Rategain Travel Technologies, a midcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with its score improving from 15 to 20 in the last three months.

One of the key highlights of the financial report is the company's net sales, which have reached a record high of Rs 277.26 crore. This is a significant growth compared to the previous five quarters, indicating a very positive sales trend in the near term.

The operating profit (PBDIT) for the quarter has also seen a significant increase, reaching its highest at Rs 60.22 crore. This shows a positive trend in the company's operating efficiency.

Moreover, the operating profit margin has also improved, reaching its highest at 21.72% in the last five quarters. This indicates that the company has become more efficient in managing its operations.

The profit before tax (PBT) less other income has also shown a positive trend, reaching its highest at Rs 51.18 crore in the last five quarters. This is a 27.0% growth compared to the average PBT of the previous four quarters, indicating a positive trend in the near term.

Similarly, the profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 52.21 crore in the last five quarters. This is a 25.9% growth compared to the average PAT of the previous four quarters, showing a positive trend in the near term.

The earnings per share (EPS) for the quarter have also reached its highest at Rs 4.43, indicating an increase in profitability and higher earnings for shareholders.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Rategain Travel's stock. With its positive performance and growth in various key areas, the company is on track for a successful future.