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Rategain Travel Technologies Results: Latest Quarterly Results & Analysis

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RateGain Travel Technologies Ltd. 11 Nov 2025 12:22 PM
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Q2FY26 Quarterly Result Announced for RateGain Travel Technologies Ltd.

IT Software Products company RateGain Travel Technologies announced Q2FY26 results

  • Operating Revenue of Rs 2,950.6 million vs Rs 2,772.6 million ( 6.4% YoY).
  • Total Revenue at Rs 3,166.0 million vs Rs 2,945.8 million ( 7.5% YoY).
  • EBITDA at Rs 536.3 million vs Rs 602.2 million (- 10.9% YoY).
  • PAT at Rs 510.1 million vs Rs 522.1 million (- 2.3% YoY).
  • EBITDA margin at 18.2% vs 21.7%.
  • PAT margin at 17.3% vs 18.8%.

Bhanu Chopra, Founder & Chairman, RateGain Travel Technologies, said: “GTM expansion strategy continues to deliver strong results in the form of pick-up in new contract wins in H1FY26. We have registered our best-ever performance in new contract wins in APMEA driven by focused execution and growing adoption of RateGain’s integrated solutions.

This performance reaffirms the strength of our strategy and validates the progress we are making in building an AI-first platform for the travel industry. The acquisition of Sojern further enhances our ability to deliver value across marketing, distribution, and revenue optimization for our customers.”

Rohan Mittal, Chief Financial Officer, RateGain Travel Technologies, said: “Highest ever quarterly revenue reaffirms our GTM strategy, stable EBITDA % reflects a disciplined approach to investments that we are making across products and people. The addition of Sojern will further accelerate our EPS journey.

The successful integration of Sojern continues to be our immediate priority.”

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IT Software Products company RateGain Travel Technologies announced Q1FY26 results

  • Operating Revenue of Rs 2,729.2 million vs Rs 2,600.1 million ( 5.0% YoY).
  • Total Revenue at Rs 2,935.7 million vs Rs 2,782.8 million ( 5.4% YoY).
  • EBITDA at Rs 496.7 million vs Rs 497.7 million (- 0.2% YoY).
  • PAT at Rs 469.3 million vs Rs 453.8 million ( 3.4% YoY).
  • EBITDA margin at 18.2% vs 19.1%.
  • PAT margin at 17.2% vs 17.5%.

Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said: “Q1FY26 reflects the momentum we are building through focused execution and continued investments. The strong growth in new contract wins highlights the impact of our efforts across GTM, product, and leadership.

As we scale, our priority remains clear, build AI-powered platforms that solve real challenges, deliver measurable value, and help our customers stay competitive in a rapidly evolving travel landscape.”

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IT Software Products company RateGain Travel Technologies announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Operating Revenue: Rs 2,606.9 million vs. Rs 2,558.1 million ( 1.9% YoY)
  • Total Revenue: Rs 2,811.4 million vs. Rs 2,768.6 million ( 1.5% YoY)
  • EBITDA: Rs 605.9 million vs. Rs 542.5 million ( 11.7% YoY)
  • PAT: Rs 548.1 million vs. Rs 500.2 million ( 9.6% YoY)
  • EBITDA Margin: 23.2% vs. 21.2%
  • PAT Margin: 21.0% vs. 19.6%

FY25 Financial Highlights:

  • Operating Revenue: Rs 10,766.7 million vs. Rs 9.570.3 million ( 12.5% YoY)
  • Total Revenue: Rs 11,530.4 million vs. Rs 9,985.9 million ( 15.5% YoY)
  • EBITDA: Rs 2,320.6 million vs. Rs 1,897.3 million ( 22.3% YoY)
  • PAT: Rs 2,089.3 million vs. Rs 1,453.9 million ( 43.7% YoY)
  • EBITDA Margin: 21.6% vs. 19.8%
  • PAT Margin: 19.4% vs. 15.2%

Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “In FY25 we started building for the future with an AI-first approach focused on solving new customer problems. I am confident that with our ability to drive excellence at scale through our products, we will be able to deliver value to our customers across the hospitality & travel ecosystem.

As we continue to ramp up our GTM efforts and drive more strategic partnerships, we aim to empower every player in the industry to leverage RateGain’s AI-powered solutions to maximize revenue.”

Rohan Mittal, Chief Financial Officer, RateGain Travel Technologies, added, "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%.

The evolving macro landscape, with shifting demand patterns and increased volatility, continues to pose both challenges and opportunities. 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.”

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IT Software Products company RateGain Travel Technologies announced Q3FY25 results

  • Total Revenue: Rs 2,990.4 million vs. Rs 2,628.9 million ( 13.7% YoY)
  • Operating Revenue: Rs 2,787.1 million vs. Rs 2,520.2 million ( 10.6% YoY)
  • EBITDA: Rs 614.7 million vs. Rs 512.6 million ( 19.9% YoY)
  • PAT: Rs 565.4 million vs. Rs 404.2 million ( 39.9% YoY)
  • EBITDA Margin: 22.1% vs. 20.3%
  • PAT Margin: 20.3% vs. 16.0%

Bhanu Chopra, Founder and Managing Director of RateGain Travel Technologies, said, “At RateGain, we continue to see sustainable growth, driven by marquee customers across verticals who are expanding their engagements and trusting RateGain’s ability to deliver excellence at scale through AI-driven innovation. With a robust deal pipeline and growing adoption of our AI-powered solutions in new market segments, we are confident in building on this momentum in the next fiscal year.”

Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, "With a continued focus on operational excellence and sustainable growth, the company has achieved a record EBITDA margin of 22.1%. Our structured approach has enabled us to meet key operating metrics, driving margin expansion as we leverage the benefits of scale.

We’re seeing steady growth in key geographies, and with a strong pipeline, we remain committed to scaling our newly launched products and strengthening relationships with key clients. As the global environment stabilizes and investment prospects in the sector improve, we are confident in our ability to capture these opportunities and deliver greater value to our customers."

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IT Software Products company RateGain Travel Technologies announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Operating Revenue of Rs 2,772.6 million v/s Rs 2,347.2 million ( 18.1% YoY).
  • Total Revenue at Rs 2,945.8 million v/s Rs 2,383.8 million ( 23.6% YoY).
  • EBITDA at Rs 602.2 million v/s Rs 464.2 million ( 29.7% YoY).
  • PAT at Rs 522.1 million v/s Rs 300.4 million ( 73.8% YoY).
  • EBITDA margin at 21.7% v/s 19.8%.
  • PAT margin at 18.8% v/s 12.8%.

H1FY25 Financial Highlights:

  • Operating Revenue of Rs 5,372.7 million v/s Rs 4,492.0 million ( 19.6% YoY).
  • Total Revenue at Rs 5,728.7 million v/s Rs 4,588.4 million ( 24.9% YoY).
  • EBITDA at Rs 1,099.9 million v/s Rs 842.1 million ( 30.6% YoY).
  • PAT at Rs 975.8 million v/s Rs 549.5 million ( 77.6% YoY).
  • EBITDA margin at 20.5% v/s 18.7%.
  • PAT margin at 18.2% v/s 12.2%.

Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said: “We continue to show resilience and consolidate our position as the leading technology partner for marquee brands, in an evolving market. Solutions that drive profitability and deliver better returns are a key priority for the industry and RateGain continues to be the preferred choice for industry leaders to achieve their goals.

We are committed to deliver customer excellence and sharpen our focus on growth through product, GTM innovation as well as strategic partnerships that will yield results in the future and help RateGain gain a strong foothold in new markets.”

Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said: “We are pleased to report a healthy operating performance for Q2, marked by a steady well-rounded growth and robust operating margin expansion of 190 bps YoY. This demonstrates the strength of our SaaS based business model with its resilient and predictable revenue streams.

We maintain a focus on operational excellence while investing strategically to drive sustainable value for our customers and stakeholders. This balanced approach enables us to deliver strong results and build a solid foundation for long-term success.”

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IT Software products company RateGain Travel Technologies announced Q1FY25 results:

  • Operating Revenue of Rs 2,600.1 million v/s Rs 2,144.8 million ( 21.2% YoY)
  • Total Revenue at Rs 2,782.8 million v/s Rs 2,204.6 million ( 26.2% YoY)
  • EBITDA at Rs 497.7 million v/s Rs 377.9 million ( 31.7% YoY)
  • PAT at Rs 453.8 million v/s Rs 249.1 million ( 82.2% YoY)
  • EBITDA margin at 19.1% v/s 17.6%
  • PAT margin at 17.5% v/s 11.6%  

Sharing his views on the results, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by. Aligned with our vision of building an integrated tech stack focused on revenue maximization, leading brands across the industry continue to choose RateGain’s products to acquire more customers profitably.

Our capability to deliver at scale coupled with product innovations aimed at driving more value for our customers is helping us deepen presence across our long-standing relationships along with opening up new use cases for our AI driven solutions.

While the travel industry remains steady, we are mindful of the growing global uncertainties and are confident that our resilient business model and adaptive approach will help navigate these challenges.”

Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We have delivered strong operating performance with a 150 bps improvement in our EBITDA margins YoY, even with the usual impact of annual wage increments in this quarter. This validates our efforts towards operational excellence coupled with a focused approach, we continue to see steady performance across key operating metrics.

Our land and expand strategy continue to give good results with healthy revenue growth across our key customers.

We remain focused on making the right investments in product, inorganic opportunities and talent to strengthen our return ratios and create long term value for all stakeholders.”

With a global team of 801, RateGain is committed to creating a workplace where every employee feels valued and empowered to achieve their best. The company's attrition rate is at a record low of 10.9%, and it has been recognized for the first time as one of the Top 100 Mid-Size Workplaces in India by Great Place to Work® India its unwavering commitment to encouraging a positive, inclusive, and employee first workplace.

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IT Software Products company RateGain Travel Technologies announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Operating Revenue of Rs 2,558.1 million v/s Rs 1,829.3 million ( 39.8%)
  • Total Revenue at Rs 2,768.6 million v/s Rs 1,877.3 million ( 47.5% YoY)
  • EBITDA at Rs 542.5 million v/s Rs 322.1 million ( 68.5% YoY)
  • PAT at Rs 500.2 million v/s Rs 337.9 million ( 48.1% YoY)
  • EBITDA margin at 21.2% v/s 17.6%
  • PAT margin at 19.6% v/s 18.5%

FY24 Financial Highlights:

  • Operating Revenue of Rs 9,570.3 million v/s Rs 5,651.3 million ( 69.3%)
  • Total Revenue at Rs 9,985.9 million v/s Rs 5,850.6 million ( 70.7% YoY)
  • EBITDA at Rs 1,897.2 million v/s Rs 846.5 million ( 124.1% YoY)
  • PAT at Rs 1,453.9 million v/s PAT of Rs 684.0 million ( 112.6 YoY)
  • EBITDA margin at 19.8% v/s 15.0%
  • PAT margin at 15.2% v/s 12.1%

Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “FY24 was a transformative year for RateGain, and it would not have been possible without the combined effort of our global teams to continuously deliver value to our clients.

The need for reliable insights, easy to use and intuitive products will only increase as the industry starts looking at more data to make better decisions. Our investments over the past year in tech and talent to scale our AI-led products will enable us to be in a great position to help our customers to unlock new revenue every day.

As we set sight on bigger goals, our culture of innovation and focus on operational excellence will be critical to drive future growth.”

Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “We continue to see robust revenue growth coupled with strong margin expansion, clearly demonstrating the value we are delivering to our customers. The key to this has been our proven ability to turn around our acquisitions validated by Adara’s exceptional performance.

The company continues to witness significant improvement across key operating metrics including customer retention and revenue diversification.

With focused execution we witnessed doubling of our contract wins in the past year powered by healthy growth from key markets and a strong demand for our products in emerging markets positioning us well for future growth opportunities.”

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IT Software Products company RateGain Travel Technologies announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Total Revenue: Rs 2,628.9 million vs. Rs 1,388.5 million ( 89.3% YoY)
    • EBITDA: Rs 512.6 million vs. Rs 229.3 million ( 123.5% YoY)
    • PAT: Rs 404.2 million vs. Rs 132.3 million ( 205.5% YoY)
    • EBITDA Margin: 20.3% vs. 16.6%
    • PAT Margin: 16.0% vs. 9.6%
  • 9MFY24:
    • Total Revenue: Rs 7,217.3 million vs. Rs 3,973.3 million ( 81.6% YoY)
    • EBITDA: Rs 1,354.7 million vs. Rs 524.5 million ( 158.3% YoY)
    • PAT: Rs 953.7 million vs. PAT of Rs 346.1 million ( 175.5% YoY)
    • EBITDA Margin: 19.3% vs. 13.7%
    • PAT Margin: 13.6% vs. 9.1%

Sharing his views on what helped drive the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “Our team continues to demonstrate value and add marquee global clients while increasing penetration in key accounts, helping us maintain our focus on sustainable growth.

The Industry is now moving from pricing-led growth to occupancy-led growth. RateGain with its AI led products is suitably positioned to capitalize on this change and help the industry simplify guest acquisition and improve ROI.

We continue to invest in areas that are critical to drive the next leg of growth and sharpen focus on execution to capitalize on emerging opportunities and drive value for our customers.”

Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company has delivered another quarter of robust performance with strong growth momentum, steady margins and stellar new contract wins. The strength of the underlying business model with strong and continued execution from the team, has been key to improvement across key operating metrics.

The successful completion of capital raise in the past quarter highlights the faith of our investors. We are focused on delivering on the stated objectives, with a healthy pipeline in tow and in line with our vision of building an integrated tech stack to help our customers increase their revenue.”

 

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IT Software Products company RateGain Travel Technologies announced Q2FY24 & H1FY24 results:

1. Financial Performance:
- RateGain reports exceptional performance with 88.4% YoY growth in revenue to Rs 2,383.8 million for Q2FY24.
- Operating margins improved to 19.8% in Q2FY24, up from 14.1% in the same period last year.
- Profit after tax grows by 131.7% to Rs 300.4 million in Q2FY24.
- Total revenue for H1FY24 increases by 77.5% YoY to Rs 4,588.4 million.

2. Client Relationships:
- RateGain strengthens relationships with its global enterprise customer base in the travel and hospitality industry.
- The company adds new clients and monetizes key contract wins.
- Revenue maximization solutions provided by RateGain continue to find favor with clients looking to drive digitization and improve guest acquisition, engagement, and retention.

3. Market Trends:
- The travel industry is investing in new technologies, including AI, to improve customer experience, drive cost efficiencies, and optimize revenue.
- RateGain's expertise in accurate intelligence and driving ROI for large travel brands helps in acquiring new clients.

4. Key Metrics:
- LTV to CAC improves to 15.2x for H1FY24.
- Revenue per Employee stands at Rs 12.6 million.
- Annual recurring revenue reaches an all-time high of Rs 9,389.0 million.

Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “With the travel industry making AI a priority to create predictable revenue streams and drive cost efficiencies, RateGain is emerging as a natural choice for industry leaders to help them get access to accurate pricing and travel intent data, powered by a dependable digital infrastructure to improve conversions.

Our experience of managing scale across different segments by consistently showing results is helping us differentiate from other players in the market, and driving tremendous growth in our new contract wins.”

Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “The company is carrying forward the momentum from its last quarter into this one, with strong performance across key operating metrics as we continue to scale up across verticals in a sustainable manner. The margin expansion continues ahead of guidance and stands at a 15-quarter high.

Our steadfast focus on operational efficiency and value creation has resulted in stellar margins, affirming our capability to convert revenue into sustained profitability. The solid foundation positions us well to drive innovation and capitalize on future opportunities.

Despite recent macro uncertainty, we see growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions.”

 

Result PDF

IT software products company RateGain Travel Technologies announced Q1FY24 results:

  • Q1FY24 vs Q1FY23:
    • Operating revenue at Rs 2,144.8 million v/s Rs 1,193.0 million (up 79.8% YoY)
    • Total revenue at Rs 2,204.6 million v/s Rs 1,270.5 million (up 73.5% YoY)
    • EBITDA at Rs 377.9 million v/s Rs 119.3 million (up 216.8% YoY)
    • PAT at Rs 249.1 million v/s Rs 84.2 million (up 195.8% YoY)
    • EBITDA margin at 17.6% v/s 10.0%
    • PAT margin at 11.6% v/s 7.1%

Sharing his views on what helped in driving the performance this quarter, Bhanu Chopra, Founder and Chairman, RateGain Travel Technologies, said, “We saw another great quarter with tremendous growth basis addition of new clients and expansion within our key accounts. With people’s attitudes changing towards having more experiences, travel industry at macro level continues to witness robust demand.

RateGain is at the forefront of digitizing this industry and in a great place to capitalize on the tailwinds our industry is witnessing. We are now focusing on our next big goal of doubling revenues in the next three years as we continue to witness robust traction with key clients and add new logos to propel our future growth. We have already started building the organization we need to accelerate RateGain towards that goal and are excited about the future.”

Commenting on the key metrics, Tanmaya Das, Chief Financial Officer, RateGain Travel Technologies, said, “Our focus of driving deeper relationships with enterprises has helped us deliver strong revenue growth with healthy margin expansion in a seasonally soft quarter. With operating leverage playing out, we continue to build on the path of sustainable growth.

Adara continues to build on its momentum and delivered a strong quarter across growth and margins, underlining the strength of the platform. Our inorganic growth approach continues to be a key pillar of our growth strategy as we focus to build a comprehensive revenue maximization solution to further our goal of doubling revenue in the next three years.”

 

Result PDF

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