SaaS Company RateGain's Q2 Profit Rises 47% YoY To Rs.75 Cr
India, Nov. 5 -- Travel-focused SaaS company RateGain reported a 46.5% increase in its consolidated net profit to Rs.74.7 Cr in the September quarter (Q2 FY27) from Rs.51 Cr a year ago.
Operating revenue jumped 152.6% YoY to Rs.745.4 Cr, reflecting the consolidation of travel marketing platform Sojern, which RateGain acquired for $250 Mn in November last year.
Sequentially, net profit declined 21.3% from Rs.94.9 Cr, while operating revenue fell 5% from Rs.785 Cr.
RateGain reported negative other income of Rs.26.2 Lakh, taking its total income to Rs.745.1 Cr. Total expenses rose about 158% YoY to Rs.647.7 Cr.
Adjusted for deferred deal consideration related to the Sojern acquisition, RateGain said its net profit rose 78% YoY to Rs.90.8...
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