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Earnings Call

RateGain Travel Technologies Earnings Call: Key Takeaways

RateGain reported record Q4 revenue driven by the Sojourn acquisition, shifting from a travel tech platform to an AI-powered operating system. Management is pivoting towards monetization of its unified data stack while managing significant acquisition-related debt.

Why this was an Alfa AlertRevenue beat: Guided ₹1,824 Cr for FY26 post-acquisition, achieved ₹2,850 Cr run-rate, exceeding upper guidance by over 50%.
Highlights
Revenue growth175% YoY total growth; 19.3% organic growth in Q4 FY26.
MarginsAdjusted EBITDA margin at 23.5%; FY27 guidance 21.5%-22.5%.
Demand visibilityStrong visibility via 1.5B travel intent graph IDs and FIFA 2026.
Management confidenceHighly optimistic, focusing on AI-led structural shifts and platform 'moats'.

Growth

Total revenue surged 175% YoY to ₹716 Cr; organic growth returned to double digits at 19.3%.

Outlook

FY27 revenue guidance is ₹3,000-3,100 Cr with 21.5%-22.5% EBITDA margins; debt-free target by FY28.

Risks

Integration risks of Sojourn/Adara platforms and high finance costs of $1.6M per quarter persist.

Source

Earnings Call filed with NSE, NSE: RATEGAIN. Summary written with AI assistance from the document.

Read the document ↗

RateGain Travel Technologies Ltd: key numbers

Share price
₹827.75
Market cap
₹9,812 Cr
Revenue (annual)
₹1,824 Cr
Net profit (annual)
₹194.4 Cr
P/E (TTM)
40.5×Sector 22.1×
Promoter holding
48.78%+0.01% QoQ
FII holding
5.75%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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