RateGain Q1 FY27: Profit up 102% after Sojern deal

Key takeaway from Q1 FY27 results

RateGain Travel Technologies reported a sharp jump in profitability for the quarter ended June 30, 2026 (Q1 FY27), supported by a steep rise in consolidated revenue after the Sojern Inc. acquisition. The travel-focused SaaS company posted consolidated net profit after tax (PAT) of ₹94.9 crore, up 102% year-on-year (YoY) and 36% quarter-on-quarter (QoQ). Operating revenue rose to ₹785 crore, up 188% YoY and 10% QoQ.

The June-quarter print also highlighted the other side of scale up. Total expenses climbed to ₹667.5 crore, up 188% YoY, as the company consolidated a larger cost base. With investors tracking both growth and operating discipline, the quarter offers a clear view of how acquisition-led expansion is flowing through RateGain’s financial statements.

Profit doubles as revenue scales up

RateGain’s consolidated PAT came in at ₹94.9 crore in Q1 FY27, compared with ₹46.9 crore in Q1 FY26. Sequentially, the company reported a profit of ₹70 crore in Q4 FY26, implying 36% QoQ growth in Q1 FY27.

On the topline, consolidated revenue from operations for the quarter stood at ₹785 crore, compared with ₹272.9 crore in the year-ago quarter, a 188% YoY increase. The company’s operating revenue was also higher than Q4 FY26’s consolidated operating revenue of ₹715.55 crore, reflecting 10% QoQ growth.

Including other income of ₹3.1 crore, total income for the June quarter stood at ₹788.1 crore.

Sojern consolidation drives the YoY jump

The company attributed the surge in Q1 FY27 performance primarily to consolidation of Sojern Inc., which it acquired in November 2025. With Sojern included for the full quarter, RateGain’s consolidated revenue base expanded sharply compared with Q1 FY26.

In its release, the company also pointed to strong travel demand during the FIFA World Cup and a record quarter for new business in Asia-Pacific, alongside continued momentum on Sojern integration. The integration was described as expanding the company’s AI-powered digital marketing capabilities across the business.

EBITDA and margins: headline expansion, mixed comparability

RateGain reported consolidated EBITDA of ₹171.5 crore in Q1 FY27, up from ₹49.7 crore in Q1 FY26, with EBITDA margin expanding to 21.9% from 18.2%.

The company also disclosed adjusted metrics linked to the Sojern acquisition. Adjusted EBITDA was reported at ₹193.4 crore, with an adjusted EBITDA margin of 24.6%, which the company described as its highest-ever quarterly EBITDA. Adjusted PAT was reported at ₹116.8 crore, up 148.8% YoY.

RateGain noted that EBITDA and PAT adjustments relate to deferred deal consideration tied to the Sojern acquisition, with the expense expected to be incurred over three years ending Q3 FY29.

Expenses rise 188% YoY as the base expands

The operating scale-up was accompanied by a sharp rise in costs. Total expenses for Q1 FY27 were ₹667.5 crore, up 188% YoY. With total income at ₹788.1 crore, the expense trajectory remains a key line item for investors assessing whether growth translates into sustained margin strength.

The company’s table of consolidated financial performance also indicated profit before tax (PBT) of ₹120.6 crore in Q1 FY27 versus ₹61.3 crore in Q1 FY26.

Cash flow, debt position, and repayment update

RateGain reported free cash flow of ₹135.2 crore for Q1 FY27, with free cash flow conversion at 78.8%. On the balance sheet, it said it had repaid 25% of its acquisition-related debt as of June 30, 2026.

Net debt outstanding was reported at ₹615.4 crore at the end of the quarter. These figures are likely to remain in focus given the acquisition-related financing and the company’s stated progress on repayment.

Employee SAR grant during the fiscal period

Separately, RateGain disclosed that it granted 66,598 Stock Appreciation Rights (SARs) to employees. The SAR grant was positioned as part of its employee compensation strategy for the current fiscal period.

Guidance and run-rate context for FY27

The company has issued FY27 revenue guidance of ₹3,000 to ₹3,100 crore. This range implies a quarterly run-rate of roughly ₹750 to ₹775 crore.

With Q1 FY27 operating revenue at ₹785 crore, the quarter sits near the implied run-rate. The company also noted that Q1 performance would be assessed against this trajectory while factoring in seasonal building trends and a currency translation tailwind.

Important dates and investor communication

RateGain scheduled a board meeting for August 06, 2026, to consider the audited financial results. An earnings conference call was also scheduled for August 06, 2026 at 4:30 PM IST.

The dataset also indicated that RateGain Travel Technologies will release its next earnings report on 12-08-2026.

Snapshot table: Q1 FY27 vs Q1 FY26 (consolidated)

Market reference points mentioned with the results

The text also cited a stock price of ₹840.95, with a previous close of ₹860.20 as of June 28, 2026. It also mentioned a market capitalisation of ₹11,170 crore.

Why this quarter matters

Q1 FY27 shows how acquisition-led consolidation can rapidly change a SaaS company’s scale, especially in a travel-tech context where demand cycles and digital marketing budgets can shift. The quarter’s numbers underline the strength of topline expansion and the importance of tracking cost absorption as the business integrates a larger acquired entity.

The adjusted profitability metrics and the disclosure around deferred deal consideration give investors additional context on how management wants performance to be interpreted during the integration period through Q3 FY29.

Conclusion

RateGain’s Q1 FY27 results featured a 102% YoY rise in PAT to ₹94.9 crore and a 188% YoY jump in operating revenue to ₹785 crore, with Sojern consolidation playing a central role. The next set of updates for investors includes the August 06, 2026 board meeting and the earnings conference call scheduled for 4:30 PM IST the same day.