RateGain Q2 Review - Results Beat But Lowers FY25 Guidance On Weak Deal Wins: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Rategain Travel Technologies Ltd. reported 6.6% QoQ growth, (our estimate: 4%), led by MarTech (48% of revenue), which grew 7% QoQ, while distribution (21% of revenue) and desktop-as-a-service (31% of revenue) segments grew 8%/5% QoQ. Ebitda stood at 21.7% (our estimate: 19.8%), up 258 bps QoQ led by cost efficiency measures. The company has revised its guidance downward from 20%+ to 15% YoY, due to loss of large client in MarTech, pricing pressure in DaaS, and election-led deal signing delays in U.S. However, retaining of FY25 Ebitda margin expansion of 150-200 bps was positive.While Q2 was a beat, guidance for the future appears weak. FY25E/FY26E estm have been lowered by 0.4%/5.1%, but margin expansion measures led to raising EPS estimate by 6.1%/0.3% for FY25E/FY26E. We introduce FY27E with rev/EPS growth of 14%/12%. Macro trends and Rategain’s market position remains healthy. Revise to ‘Accumulate’ rating with DCF-based target price of Rs 920 (implies 44 times of FY27E)..Click on the attachment to read the full report:.Jupiter Wagons Q2 Results Review - The Outlook Remains Strong, Maintain Buy: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RateGain Q2 Review - Results Beat But Lowers FY25 Guidance On Weak Deal Wins: Dolat Capital

Macro trends and the company’s market position remains healthy, says the brokerage.

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RateGain Q2 Review - Results Beat But Lowers FY25 Guidance On Weak Deal Wins: Dolat Capital

Macro trends and the company’s market position remains healthy, says the brokerage.

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