RateGain Q1 FY27 Profit Jumps 102% on Sojern Boost

Key takeaway for investors

RateGain Travel Technologies reported a sharp jump in Q1 FY27 profitability, helped by a surge in consolidated revenue following the Sojern Inc. acquisition. Net profit rose to ₹94.9 crore for the quarter ended June 30, 2026, even as expenses more than doubled year-on-year.

What RateGain reported for the June 2026 quarter

RateGain, a travel-focused SaaS company, posted consolidated profit after tax (PAT) of ₹94.9 crore in Q1 FY27. The profit was up 102% year-on-year (YoY) from ₹46.9 crore in Q1 FY26 and 36% quarter-on-quarter (QoQ) from ₹70 crore in Q4 FY26.

Operating revenue for the quarter rose to ₹785.0 crore, up 188% YoY and 10% QoQ. Including other income of ₹3.1 crore, total income stood at ₹788.1 crore.

Revenue jump linked to Sojern consolidation

The company attributed the sharp revenue increase primarily to the consolidation of Sojern Inc., which it acquired in November 2025. The consolidation lifted revenue from operations to ₹785.0 crore (₹7,850.12 million) from ₹272.9 crore (₹2,729.15 million) in Q1 FY26.

RateGain also cited strong travel demand during the FIFA World Cup and a record quarter for new business in Asia-Pacific, alongside continued momentum on integrating Sojern and expanding AI-powered digital marketing capabilities.

Expenses also climbed as scale expanded

Higher scale came with a steep rise in costs. Total expenses in Q1 FY27 increased 188% YoY to ₹667.5 crore (₹6,675.42 million). With total income at ₹788.1 crore, the quarter still delivered a materially higher profit base than the year-ago period.

On a pre-tax basis, profit before tax (PBT) stood at ₹120.6 crore (₹1,205.55 million), up 97% YoY from ₹61.3 crore (₹613.27 million).

EBITDA and margins: headline growth with mixed margin picture

Consolidated EBITDA increased to ₹171.5 crore (₹1.72 billion) from ₹49.7 crore (₹497 million) in Q1 FY26, and the EBITDA margin expanded to 21.85% from 18.2% YoY.

RateGain also disclosed adjusted metrics excluding deferred deal consideration related to the Sojern acquisition. Adjusted EBITDA was ₹193.4 crore, with an adjusted EBITDA margin of 24.6%, described by the company as its highest-ever quarterly EBITDA. Adjusted PAT rose to ₹116.8 crore in Q1 FY27.

At the same time, the reported PAT margin was 12.1% in Q1 FY27 versus 17.2% in Q1 FY26, while adjusted PAT margin was 14.9% versus 17.2%.

Cash flow and debt update

RateGain reported free cash flow of ₹135.2 crore for the quarter, translating into a free cash flow conversion of 78.8%. The company said it had repaid 25% of its acquisition-related debt as of June 30, 2026, and net debt outstanding stood at ₹615.4 crore.

Stock snapshot and identifiers

RateGain trades under NSE symbol RATEGAIN and BSE symbol 543417. The dataset shows a share price of ₹941.05 on the NSE at 4:00 PM on 03 July, down 0.44% on the day. Separately, it also lists a share price of ₹948.50 as of 07-07-2026, with a previous close of ₹944.05.

The company’s market capitalisation in the data is shown as about ₹11,144.44 crore, calculated based on the latest share price cited there.

Q1 FY27 consolidated performance table

*Adjusted for deferred deal consideration related to the Sojern acquisition.

FY27 margin guidance referenced by management

On the margin front, the provided material states that management expects to deliver EBITDA of ₹650 crore to ₹700 crore at a margin of 21.5% to 22.5% for FY27. This is presented as an expectation and not a reported outcome.

Why the quarter matters

The Q1 FY27 print shows how quickly the P&L has scaled after Sojern’s consolidation, with operating revenue nearly tripling YoY. But it also highlights that expenses moved up at a similar pace, making margin discipline and the path of adjusted profitability important monitorables as the integration progresses.

RateGain has also pointed investors to cash generation and debt repayment progress, with free cash flow of ₹135.2 crore and net debt at ₹615.4 crore as of June 30, 2026.

What to watch next

The dataset notes that RateGain’s next earnings report is scheduled for 12-08-2026. Investors are likely to track how revenue trends evolve post-consolidation, how adjusted versus reported margins track as deferred deal consideration plays out through Q3 FY29, and updates on acquisition-related debt repayment.