RateGain Travel hits all-time low; plunges 43% from IPO issue price
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
Shares of RateGain Travel Technologies (RTTL) hit an all-time low of Rs 240.25, slipping 3 percent on the BSE in Thursday’s intra-day trade. The stock has fallen 9 percent in the past two days on concerns of weak earnings in the June quarter (Q1FY23).
The stock of the global provider of SaaS solutions for the hospitality and travel industry has plunged 43 percent from its issue price of Rs 425 per share, and 54 percent from its record high level of Rs 525 touched on January 18, 2022.
RTTL had made its stock market debut on December 17, 2021. The company had raised Rs 1,336 crore through an initial public offer (IPO), which had received a good response from the investors, getting subscribed 17.4 times.
RTTL is among the leading distribution technology companies globally and is the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India, which is expected to benefit from the thrust on technology spending in the space.
It operates through three business units of DaaS, Distribution, and MarTech. The clients include some of the leading global airlines, hotel chains, cruises, car rental companies, etc.
For the quarter ended March 2022 (Q4FY22), the company had registered a 50.6 percent year-on-year (YoY) growth in revenue at Rs 107.88 crore and strong growth in adjusted profit after tax at Rs 17.78 crore, and adjusted EBITDA at Rs 12.62 crore.
The company said the earnings were driven by the reopening of international travel in major travel markets and a surge in travel demand across the world. RateGain registered broad-based growth across all its businesses due to increasing demand for technology-enabled solutions in its key markets, building upon its strong performance the previous quarter, it said.
For FY23, the management expects revenue to grow by around 30 percent YoY organically. “In terms of EBITDA margins, we expect to improve our margins to around 12.5 percent for FY23 as against 10.3 percent in FY22,” it said in the last quarter’s earnings conference call.
Q4 is the company’s strongest quarter, whereas Q1 is the weakest quarter, both from a revenue and profitability perspective. EBITDA will gradually grow from around 10 percent in Q1 to around 14 percent in Q4, which is an increase of 200 basis points each quarter when compared to an annual basis, the company said.
The Covid-19 pandemic has had a significant adverse effect on the business and operations, and its future impact on the business, operations, and financial performance is uncertain, according to analysts.
The company’s substantial revenues are derived from the worldwide hospitality and travel industry and factors that negatively impact that industry could have a material adverse effect on the business, prospects, financial condition, and results of operations.
“Business depends on customers renewing their contracts and on RTTL expanding its sales to existing customers. Any decline in its customer contract renewals or expansion or any impairment of its long-term relationships with its customers would adversely affect the business operations and financial performance. If RTTL is unable to attract new customers in a manner that is cost-effective and assures customer success, then its business, results of operations, and financial condition would be adversely affected are key concerns”, HDFC Securities had said in its IPO note.
#1 stock adviser in India Accurate stock tips provider Best Equity Portfolio Management Best Intraday calls provider Best Intraday Tips Best Intraday tips provider Best Investment adviser in India Best Portfolio Management services Best Portfolio Management services in India Best SEBI registered investment advisor Best Share Market intraday tips Best stock advisor websites Best stock advisory company in India Best stock tips provider in india Best tips provider in India Genuine Account Management services Genuine stock market tips provider India no 1 stock advisory company India’s top rated advisory company India’s top rated Stock tips provider Intraday calls in stock future Intraday calls in stock market Intraday Jackpot tips Intraday Sureshot tips Intraday Sureshot tips provider Intraday tips Intraday tips in F&O Intraday trading in share market Intraday trading techniques Intraday trading tips Intraday trading tips & Strategies Intraday trading tips in stock market Investment adviser Jackpot intraday tips Most accurate investment adviser in India Most successful stock advisors in india Operator based calls Operator based intraday stock tips Operator based intraday tips Operator based options tips Operator based sureshot calls SEBI registered investment adviser Share market trading tips online Stock market Stock market news Stock Market tips Stock market trading tips provider Strategy for Wealth Management and Financial planning Top rated Portfolio Management services Top rated SEBI registered stock advisory firms
Archives
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
Categories
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Calender
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | 3 | ||||
4 | 5 | 6 | 7 | 8 | 9 | 10 |
11 | 12 | 13 | 14 | 15 | 16 | 17 |
18 | 19 | 20 | 21 | 22 | 23 | 24 |
25 | 26 | 27 | 28 | 29 | 30 |