RateGain Travel Technologies Limited announced impressive financial results for the second quarter and half year ended September 30, 2026. The company reported a significant 152.6% year-on-year increase in operating revenue, reaching INR 745.4 crore. Adjusted EBITDA saw a substantial surge of 215.4%, indicating robust profitability and operational efficiency amidst a dynamic market environment. Adjusted EBITDA margins improved to 22.7%.
RateGain Reports Strong Q2 FY27 Financials
RateGain Travel Technologies Limited has announced its financial results for the quarter and half year ended September 30, 2026, showcasing remarkable growth. The company reported an operating revenue of INR 745.4 crore for the second quarter of FY27, a substantial increase of 152.6% compared to the same period last year. This strong revenue performance was driven by sustained growth in its key business verticals.
Adjusted EBITDA and Margins Surge
The company’s operational profitability also saw a significant uplift, with Adjusted EBITDA growing by 215.4% year-on-year to INR 169.1 crore in Q2 FY27. The Adjusted EBITDA margin expanded to 22.7% from 18.2% in the corresponding quarter of the previous year. This improvement reflects the company’s focus on scaling its business, effective integration of its acquisitions, and achieving operating leverage. For the first half of FY27, operating revenue stood at INR 1,530.4 crore, up 169.5% YoY, while Adjusted EBITDA grew by 250.9% to INR 362.5 crore.
Business Performance Highlights
RateGain highlighted the strong performance in its Properties business, which accounts for 44.7% of MarTech revenue, growing over 20% YoY in the first half. The Destinations business also saw similar growth, contributing 39.7% of MarTech revenue. The company’s focus for the second half of FY27 includes strengthening Sojern’s product and go-to-market capabilities and cross-selling across its large customer base of over 14,000 customers.
Financial Health and Outlook
Free cash flow for the first half of FY27 stood at INR 282.3 crore, with a conversion rate of 87.0%. Net debt outstanding was INR 494.0 crore as of September 30, 2026. The company has also repaid 43% of the loan taken for the Sojern acquisition. Management expressed optimism for future growth, emphasizing investments in product innovation, AI, and market expansion, while maintaining a disciplined approach to capital allocation.
Source: BSE
