Rategain Travel Technologies Limited Earnings Summary — Q4 FY2026
RateGain Reports Record Quarterly Revenue and Net Profit with Strong Margin Recovery
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 6 consecutive quarters.
- Revenue of ₹785 Cr is 187.6% higher year-on-year.
- Revenue has compounded at 64.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹95 Cr is 102.2% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 32.9% annualised across the period.
- Operating margin stands at 21.9% in Q1 FY2027.
- Operating margin expanded by 365 bps year-on-year.
- Over the last two years operating margin has expanded by 271 bps.
- PBT margin is 15.4%.
- Expense growth of 174.8% remained below revenue growth of 187.6%.
- Operating profit of ₹172 Cr is 245.3% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 81/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 785 | 716 | 540 | 295 | 273 | 261 | 279 | 277 | 260 | 256 |
| Expenses | Strong Uptrend | 613 | 569 | 453 | 241 | 223 | 200 | 217 | 217 | 210 | 202 |
| Operating Profit | Accelerating | 172 | 147 | 87 | 54 | 50 | 61 | 61 | 60 | 50 | 54 |
| Operating Margin | Stable | 21.9% | 20.6% | 16.1% | 18.2% | 18.2% | 23.3% | 22.1% | 21.7% | 19.1% | 21.2% |
| Other Income | Volatile | 3 | 3 | -18 | 22 | 21 | 20 | 20 | 17 | 18 | 21 |
| Interest | Volatile | 17 | 18 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | Volatile | 38 | 35 | 28 | 9 | 9 | 8 | 8 | 9 | 9 | 10 |
| Profit Before Tax | Volatile | 121 | 96 | 29 | 66 | 61 | 72 | 73 | 69 | 58 | 65 |
| Tax | Volatile | 26 | 26 | 2 | 15 | 14 | 18 | 17 | 16 | 13 | 15 |
| Net Profit | Volatile | 95 | 70 | 26 | 51 | 47 | 55 | 57 | 52 | 45 | 50 |
| Net Margin | Accelerating | 12.1% | 9.8% | 4.9% | 17.3% | 17.2% | 21.0% | 20.3% | 18.8% | 17.4% | 19.6% |
Key Takeaways
- Revenue surged to an all-time high of ₹716 Crores in Q4, a 174% increase year-over-year.
- Net Profit rebounded strongly to ₹70 Crores from ₹26 Crores in the preceding quarter.
- Operating margins recovered to 21% after a brief dip to 16% in the sequential third quarter.
- The balance sheet shows a massive increase in borrowings to ₹949 Crores, likely funding major acquisitions or expansion.
- Interest expenses rose sharply to ₹18 Crores in the latest quarter due to the new debt structure.
- Year-over-year sales growth of 174% suggests a structural shift or successful integration of new business units.
Management Guidance
Management remains focused on an AI-first travel tech stack, emphasizing cross-selling and up-selling across Distribution, MarTech, and DaaS segments.
Sentiment Shift
Improving
The sharp recovery in both revenue and profit margins from the Dec 2025 dip indicates strong operational execution and scalability.
Outlook
The company is on a high-growth trajectory with TTM sales growth of 69% and a successful pivot to profitability. The focus will be on deploying newly raised capital and managing the increased debt load while maintaining operating leverage.
From the Annual Report (Key Quotes)
“India's largest SaaS provider for the hospitality and travel industry.”
“Exceptional revenue growth at a 49% CAGR over the last five years.”
“Business model exhibits significant operating leverage as the SaaS model scales.”
Official Quarterly Documents
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This summary is AI-generated from Rategain Travel Technologies Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.