{"id":112745,"date":"2023-10-27T16:53:55","date_gmt":"2023-10-27T11:23:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112745"},"modified":"2023-10-27T16:54:01","modified_gmt":"2023-10-27T11:24:01","slug":"it-stock-gains-4-after-it-reports-pat-growth-of-131-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-gains-4-after-it-reports-pat-growth-of-131-in-q2\/","title":{"rendered":"IT stock gains 4% after it reports PAT growth of 131% in Q2 \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4011790403\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this leading distribution technology company gained 3.95 percent today after the company reported results for Q2FY24. The company has a market capitalization of Rs. 6525.23 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-334934151\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On 27th October 2023 shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RATEGAIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rategain Travel Technologies Ltd<\/a><\/strong> closed at Rs. 625 per share, up by 3.95 percent from previous closing price of Rs. 601.25 per share.\u00a0<\/p><p>Such bullish stock price movements were observed after the company announced results for Q2FY24 and reported revenue growth of 81.4 percent to Rs. 238.3 crores from Rs. 131.4 crores in the same quarter of last financial year, in the same time period profit after tax (PAT) increased by 131.7 percent to Rs. 30 crores from 12.9 crores. Moreover, EBITDA margins also increased by 5.7 percent to 19.8 percent.&nbsp;<\/p><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 10.54 percent and return on capital employed (ROCE) of 10.65 percent in the last financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-174176164\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s promoters possess roughly 55.72 percent of the shares, while public own 21.06 percent, and Domestic Institutional Investors (DIIs) have a 17.8 percent stake, leaving the remaining 5.42 percent with foreign institutional investors (FIIs).&nbsp;<\/p><p>RateGain Travel Technologies Ltd is a global leader in distribution technology and the biggest Software as a Service (SaaS) provider in the Indian travel and hospitality sector. The company provides a wide range of SaaS services to the travel and hospitality industry including hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.&nbsp;<\/p><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2140170741\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this leading distribution technology company gained 3.95 percent today after the company reported results for Q2FY24. The company has a market capitalization of Rs. 6525.23 crores.&nbsp; On 27th October 2023 shares of Rategain Travel Technologies Ltd closed at Rs. 625 per share, up by 3.95 percent from previous closing price of Rs. 601.25 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13735,13736,13734,948,936],"class_list":["post-112745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rategain-travel-technologies-latest-news","tag-rategain-travel-technologies-q2-results","tag-rategain-travel-technologies-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock gains 4% after it reports PAT growth of 131% in Q2 \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this leading distribution technology company gained 3.95 percent today after the company reported results for Q2FY24. 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