India, Feb. 17 -- Shares of enterprise tech unicorn RateGain nosedived 15% to touch fresh 52-Week low at INR 522.35 on the BSE today (February 17).

The share price declined even after the company's consolidated net profit surged 40% to INR 56.54 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 40.42 Cr in the year-ago quarter.

Its revenue from operations jumped nearly 11% to INR 278.70 Cr in the December quarter of FY25 from INR 252 Cr in the same quarter last year.

Notably, on a sequential basis, the company's operating revenue remained flat at INR 278.70 Cr.

The stock later at 12 PM recouped some of its losses and was trading almost 9% lower from the stock's last (February 14) closing price of INR 615.70 apiece ...