RateGain Travel Technologies Limited announced its financial results for the first quarter of FY2027, ending June 30, 2026. The company reported a substantial surge in operating revenue, reaching ₹785.0 Cr, an increase of 187.6% year-on-year. Adjusted EBITDA also saw significant growth, up 289% to ₹193.4 Cr, marking its highest-ever quarterly EBITDA. Adjusted PAT grew by 148.8% to ₹116.8 Cr, driven by strong travel demand and successful integration of the Sojern acquisition.
RateGain Reports Strong Q1 FY27 Financials
RateGain Travel Technologies Limited (NSE: RATEGAIN, BSE: 543417), a global leader in Al-powered SaaS solutions for the travel and hospitality industry, today announced its financial results for the Q1 FY2027 ended June 30, 2026. The company reported robust growth across key financial metrics, underscoring its strong market position and strategic initiatives.
Revenue and Profitability Milestones
Operating revenue for the quarter stood at ₹785.0 Cr, marking an impressive year-on-year increase of 187.6%. The company’s Adjusted EBITDA reached ₹193.4 Cr, a remarkable 289.3% jump from the previous year, representing its highest-ever quarterly EBITDA. The Adjusted Profit After Tax (PAT) also demonstrated significant growth, increasing by 148.8% to ₹116.8 Cr.
Key Growth Drivers
The strong performance in Q1 FY27 was attributed to several factors, including sustained travel demand during the FIFA World Cup period and a record quarter for new business acquisition in the Asia-Pacific region. The ongoing integration of Sojern also contributed significantly, enhancing the company’s Al-powered digital marketing capabilities. Travel demand remained firm across the US, Europe, and Asia-Pacific markets, with the FIFA World Cup providing a direct boost to travel activity, particularly benefiting RateGain’s Destinations business.
Asia-Pacific and Sojern Integration
The Asia-Pacific business experienced its strongest quarter to date, driven by record sign-ups on the Sojern platform and sustained momentum in new bookings and client engagement. The company highlighted that its investment in the region is yielding positive results and reinforcing its strategy to deepen its presence in high-growth geographies. The integration of Sojern is on track, and the company is focused on accelerating its go-to-market strategy for FY27, capitalizing on cross-sell opportunities and geographic expansion.
Financial Highlights (INR Cr)
| Metric | Q1 FY27 | Q1 FY26 | YoY |
| Operating Revenue | 785.0 | 272.9 | +187.6% |
| EBITDA | 171.5 | 49.7 | +245.4% |
| Adjusted EBITDA* | 193.4 | 49.7 | +289.3% |
| PAT | 94.9 | 46.9 | +102.2% |
| Adjusted PAT* | 116.8 | 46.9 | +148.8% |
| EBITDA Margin | 21.9% | 18.2% | |
| Adjusted EBITDA Margin* | 24.6% | 18.2% | |
| PAT Margin | 12.1% | 17.2% | |
| Adjusted PAT Margin* | 14.9% | 17.2% |
Financial Health and Debt Repayment
The company reported a free cash flow of INR 135.2 Cr for the quarter, achieving a free cash flow conversion of 78.8%. RateGain has successfully repaid 25% of its acquisition-related debt as of June 30, 2026, with the net debt outstanding at INR 615.4 Cr. Further progress was made as of August 6, 2026, with an additional USD 16.0 Mn paid down, effectively reducing the loan for the Sojern acquisition by 38%.
Leadership Commentary
Bhanu Chopra, Founder & Managing Director, RateGain, expressed confidence in the company’s performance and its strategic direction. He highlighted the growing customer reliance on Al for commercial decisions and the company’s focus on helping travel and hospitality businesses grow faster. Ankit Aggarwal, Deputy Chief Financial Officer, noted the quarter’s blend of growth and discipline, emphasizing the strong EBITDA conversion as a sign of the business’s health and enabling continued investment in growth.
Source: BSE
