Latest news with #RohanMittal
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Business Standard
26-05-2025
- Business
- Business Standard
RateGain Travel share pops 6% on healthy Q4 results; check key numbers here
RateGain Travel share price: RateGain Travel shares were in demand on the first trading day of the week i.e. Monday, May 26, 2025, with the scrip rallying up to 6.29 per cent to hit an intraday high of ₹537.20 per share. At 1:51 PM, RateGain Travel shares continued to trade near day's high level, up 5.66 per cent at ₹534 per share. In comparison, BSE Sensex was trading 0.56 per cent higher at 82,175.72 level. What triggered the rally in RatGain Travel share price on May 26? RateGain Travel share price rose on the back of robust March quarter of financial year 2025 (Q4FY25) results. The company's operating revenue rose 1.9 per cent year-on-year (Y-o-Y) to ₹260.6 crore, from ₹255.8 crore a year ago. Profit after tax (PAT) soared 9.6 per cent Y-o-Y to ₹54.8 crore in the March quarter of FY25, from ₹50 crore in the same quarter a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) zoomed 11.7 per cent annually to ₹60.5 crore in Q4FY25, from ₹54.2 crore a year ago. Subsequently, Ebitda margin expanded 200 basis points (bps) to 23.2 per cent, from 21.2 per cent a year ago. Notably, RateGain's global team grew to 821 employees, with an attrition rate of 10.5 per cent. Rohan Mittal, chief financial officer, RateGain Travel Technologies said, 'We close out the year on a steady note, consolidating our position amidst a challenging demand environment and with a strong performance on margins. With a continued focus on disciplined execution and enhanced operational efficiency, the company has delivered a record margin of 23.2 per cent. The evolving macro landscape, with shifting demand patterns and increased volatility, continues to pose both challenges and opportunities.' Mittal added, 'Given our global positioning and the opportunity ahead of us, we will be investing in our GTM motion to enhance market reach and customer engagement. We remain committed to balancing nearterm profitability with long-term value creation, to deliver the best outcomes for all key stakeholders.' About RateGain Travel RateGain Travel Technologies is among the leading global providers of AI-driven SaaS solutions for the travel and hospitality industry. With a presence in over 100 countries, RateGain serves more than 3,200 customers and 700 partners, helping them boost revenue through customer acquisition, retention, and increased wallet share. Founded in 2004, RateGain is one of the world's largest processors of electronic transactions, pricing data, and travel intent signals. Its solutions empower revenue management, distribution, and marketing teams across a wide range of sectors—including hotels, airlines, online travel agencies, car rentals, cruises, ferries, and travel management companies—to achieve superior business outcomes.
Business Standard
06-05-2025
- Business
- Business Standard
Rategain Travel appoints Rohan Mittal as CFO
Rategain Travel Technologies said that its board has approved the appointment of Rohan Mittal as chief financial officer (CFO) with effect from 6 May 2025. Tanmaya Das has resigned as chief executive officer (CEO) with effect from 5 May 2025. He will continue to remain associated with the Company in capacity other than Chief Financial Officer till June 30, 2025 to facilitate smooth transition. Rohan Mittal has completed his education from IIM Lucknow (MBA) and Punjab Engineering College (BE, Hons). Mittal brings over 18 years of experience in financial leadership, business transformation, and strategic planning. Most recently, he served as the group chief financial officer at Yatra Online Inc., where he played a pivotal role in listing the company on the Indian stock exchanges. Before Yatra, Mittal held key leadership positions at AllCargo Logistics (AllCargo), His expertise in mergers and acquisitions, fundraising, and financial controllership will be invaluable to RateGain as the company continues to expand its global presence and drive innovation using AI for its customers. Bhanu Chopra, founder and managing director of RateGain, commented, "Rohan's ability to drive growth across businesses and a deeper understanding of turning strategy into action will be key for driving growth at RateGain as we get ready to deepen our commitment for an AI-led future. I welcome him to the team and wish him the best of luck. Rohan will succeed Tanmaya Das who has played a pivotal role over the last 10 years in driving RateGains growth and will be with RateGain till 30th June to help with a smooth transition. The company has also elevated Deepak Kapoor as chief technology officer (CTO), who has played an instrumental role in the development of AI-based SaaS products and cloud-native data and application platforms for the company. RateGain Travel Technologies Limited is a global provider of AI-powered SaaS solutions for travel and hospitality that works with more than 3,200 customers and over 700 partners in more than 100 countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. The companys consolidated net profit jumped 39.9% to Rs 56.54 crore on 10.6% increase in net sales to Rs 278.71 crore in Q3 FY25 over Q3 FY24. The counter shed 0.13% to end at Rs 447 on Monday, 5 May 2025.
News18
06-05-2025
- Business
- News18
Stocks To Watch: Paytm, BSE, Indian Hotels, Paras Defence, Rategain, Coforge, And Others
Last Updated: Stocks to watch: Shares of firms like Paytm, BSE, Indian Hotels, Paras Defence, Rategain, Coforge, and others will be in focus on Tuesday's trade Stocks To Watch On May 6: The stock market began the week on a muted note, ending with a modest gain of 0.5%, continuing its ongoing phase of consolidation. In today's session, shares of Indian Hotels, Paytm, BSE, Paras Defence, and Fortis Healthcare will be in focus owing to a range of corporate developments and quarterly earnings announcements. Earnings Watch: Paytm, BSE, Bank of Baroda Shares of Paytm, BSE, and Bank of Baroda will remain in the spotlight as the companies are scheduled to report their Q4 FY25 earnings today. Indian Hotels The Indian Hotels Company (IHCL) reported a 25% YoY increase in consolidated net profit for Q4FY25, coming in at Rs 522 crore compared to Rs 418 crore in the corresponding quarter of the previous year. Indian Energy Exchange (IEX) In April, IEX recorded a total traded volume of 10,584 million units (MU), reflecting a 26% YoY growth. The Day-Ahead Market (DAM) contributed 4,231 MU, up 3%, while the Real-Time Market (RTM) surged 48% YoY to 3,893 MU. The average price in DAM stood at Rs 5.20 per unit for the month. Paras Defence Paras Defence signed a Memorandum of Understanding (MoU) with Israel-based HevenDrones to expand their footprint in both Indian and global defence markets. The partnership aims to set up a joint venture in India to develop and manufacture logistics and cargo drones for both defence and civilian use. Ircon International has bagged a work order worth Rs 187.08 crore from Kerala State IT Infrastructure, for the development of a Dedicated Rural Industrial Park in Thiruvananthapuram. Rategain Travel Technologies The company has announced key leadership changes. Deepak Kapoor has been appointed as the new Chief Technology Officer (CTO), and Rohan Mittal will take over as the Chief Financial Officer (CFO). Fortis Healthcare Fortis Hospitals, a subsidiary of Fortis Healthcare, received a rectification order under the Income Tax Act. This corrected previous discrepancies, bringing the earlier tax demand of Rs 89.53 crore for Assessment Year 2022–23 down to zero. Coforge Coforge reported a consolidated net profit of Rs 261.2 crore for the March quarter. However, its rupee revenue missed estimates, coming in at Rs 3,409.9 crore, lower than the projected Rs 3,530 crore. Glenmark Pharma Glenmark Pharmaceuticals announced that its innovation arm, Ichnos Glenmark Innovation (IGI), has received 'fast track' status from the US FDA for its investigational multiple myeloma therapy, ISB 2001, marking a significant development in its innovation pipeline. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 06, 2025, 08:13 IST
Mint
06-05-2025
- Business
- Mint
Stocks to watch: Indian Hotels, Paytm, Bank of Baroda, BSE, Paras Defence among shares in focus today
Paytm, BSE, Bank of Baroda, Hindustan Petroleum shares are likely to be in the spotlight today as the companies are set to release their fourth-quarter earnings. The Indian Hotels Company (IHCL) posted a 25% increase in its consolidated net profit for Q4FY25, reaching ₹ 522 crore compared to ₹ 418 crore in the same quarter last year. The Panna-Mukta and Tapti (PMT) joint venture—comprising Shell (via BGEPIL), Reliance Industries, and Oil and Natural Gas Corporation (ONGC)—has successfully carried out India's first offshore facilities decommissioning project, safely dismantling the installations in the mid and south Tapti fields. In April, the electricity exchange recorded a total traded volume of 10,584 million units (MU), reflecting a 26% increase compared to the same month last year. The Day-Ahead Market (DAM) contributed 4,231 MU, up 3% year-on-year, while the Real-Time Market (RTM) saw a significant 48% YoY growth, reaching 3,893 MU. The average price in the DAM for the month stood at ₹ 5.20 per unit. The company has signed a Memorandum of Understanding (MoU) with Israel's HevenDrones to grow their presence in the Indian and global defence industries. They plan to establish a joint venture in India focused on developing and manufacturing logistics and cargo drones for both defence and civilian applications. The company has secured a work order valued at ₹ 187.08 crore from Kerala State IT Infrastructure to build a Dedicated Rural Industrial Park in Thiruvananthapuram. The company said that Deepak Kapoor has been named the new Chief Technology Officer (CTO), while Rohan Mittal has been appointed as the new Chief Financial Officer (CFO). Fortis Hospitals, a subsidiary of the company, has received a rectification order under the Income Tax Act, which corrected errors in a prior tax demand. As a result, the tax demand has been revised to zero. The original demand, amounting to ₹ 89.53 crore for the Assessment Year 2022–23, had been issued by the Income Tax Department. The company posted a consolidated net profit of ₹ 261.2 crore for the March quarter. Its rupee revenue fell short of estimates, reaching ₹ 3,409.9 crore compared to the anticipated ₹ 3,530 crore. The pharmaceutical giant announced that its innovation division, Ichnos Glenmark Innovation (IGI), revealed that the US Food and Drug Administration (FDA) has awarded 'fast track' status to ISB 2001, its experimental treatment for multiple myeloma. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 6 May 2025, 07:31 AM IST
Time of India
06-05-2025
- Business
- Time of India
Stocks in news: Indian Hotels, Paytm, BSE, Paras Defence, Fortis Healthcare
RateGain Travel Technologies appointed Rohan Mittal as Chief Financial Officer (CFO) of the company with effect from May 6. The markets experienced a slight gain of half a percent, continuing their consolidation. Several companies are in focus due to recent news, including Paytm, BSE, and Bank of Baroda, which are set to announce their Q4 results. Indian Hotels reported a 25% increase in net profit, while IRCON secured a Rs 187 crore work order. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The markets began the week on a subdued note, ending with a modest gain of half a percent while continuing the ongoing consolidation phase. In today's trade, shares of Indian Hotels Paytm , BSE, Paras Defence Fortis Healthcare among others will be in focus due to various news of Paytm, BSE and Bank of Baroda will be in focus as the companies will announce their fourth quarter results Indian Hotels Company (IHCL) reported a 25% jump in its Q4FY25 consolidated net profit to Rs 522 crore versus Rs 418 crore reported in the year ago International announced that it has secured a work order worth Rs 187 crore from Kerala State IT Defence has signed a Memorandum of Understanding (MoU) with Israel-based HevenDrones to explore opportunities in the defence and civil drone Healthcare arm Fortis Hospitals received a rectification order under Income Tax Act where tax demand of Rs 89.53 crore has been reduced to nil. RateGain Travel Technologies appointed Rohan Mittal as Chief Financial Officer (CFO) of the company with effect from May 6.
