RateGain Q1 FY27 Revenue Surges 188% YoY to ₹785 Cr; Adjusted EBITDA Up 289% to ₹193 Cr
RateGain reported Q1 FY27 revenue of ₹785 Cr, up 188% YoY. Adjusted EBITDA surged 289% to ₹193 Cr, with Adjusted PAT at ₹116.8 Cr. Free cash flow was ₹135.2 Cr. The company repaid 38% of its Sojern acquisition debt by August 6, 2026.
The significant increase in revenue and profitability, coupled with strategic debt reduction and positive management commentary, is likely to have a material positive impact on investor sentiment and the company's stock performance.
The company reported substantial year-on-year growth in revenue and EBITDA, along with significant debt repayment, indicating strong financial performance and positive business momentum.
RateGain Travel Technologies Limited announced its financial results for the first quarter of FY2027, ending June 30, 2026. The company reported a significant increase in operating revenue, which grew by 187.6% year-on-year to ₹785.0 crore. The Adjusted EBITDA margin reached 24.6%, marking the highest quarterly EBITDA for the company, with Adjusted EBITDA up 289% YoY to ₹193 crore. Adjusted Profit After Tax (PAT) also saw a substantial rise of 148.8% year-on-year, reaching ₹116.8 crore.
The strong performance was attributed to robust travel demand, particularly during the FIFA World Cup, and a record quarter for new business acquisition in the Asia-Pacific region. The integration of Sojern has further expanded RateGain's AI-powered digital marketing capabilities.
Travel demand remained steady across the US, Europe, and Asia-Pacific, with the FIFA World Cup providing a direct boost to travel activity in the US. RateGain's Destinations business benefited from expanded co-op marketing programs and jointly funded campaigns. The Asia-Pacific region experienced its best quarter yet, driven by new property sign-ups on the Sojern platform and continued client engagement.
For FY27, RateGain plans to accelerate its go-to-market strategy, capitalize on cross-selling opportunities within its combined customer base, and pursue geographic expansion. The company is also deepening data partnerships to extend the reach of its travel-intent data.
Financial highlights for Q1 FY27 include Operating Revenue of ₹785.0 Cr, EBITDA of ₹171.5 Cr, Adjusted EBITDA of ₹193.4 Cr, PAT of ₹94.9 Cr, and Adjusted PAT of ₹116.8 Cr. Free cash flow stood at ₹135.2 crore, representing a conversion of 78.8%. As of June 30, 2026, RateGain had repaid 25% of its acquisition-related debt, with net debt at ₹615.4 crore. By August 6, 2026, an additional USD 16.0 million was repaid, bringing the total repayment for the Sojern acquisition loan to 38%.
Bhanu Chopra, Founder & Managing Director, expressed confidence in customers' trust and the company's vision of using AI as the backbone for commercial decisions in the travel industry. Ankit Aggarwal, Deputy Chief Financial Officer, highlighted the healthy business operations, strong EBITDA to cash conversion, and the ability to invest in growth while meeting financial commitments.
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