RateGain Travel Technologies Limited reported its audited consolidated financial results for the financial year ended March 31, 2026. The company posted a net profit of INR 194.4 Cr for the year, compared to INR 208.9 Cr in the previous year. Revenue from operations for FY26 surged to INR 1,823.6 Cr, a significant increase from INR 1,076.7 Cr in FY25, driven largely by the acquisition of Sojern Inc. The board approved the financial results at its meeting held on May 21, 2026.

Annual Financial Performance

The company's total income for the year stood at INR 1,884.9 Cr. Total expenses increased to INR 1,598.3 Cr from INR 880.8 Cr in the prior year, primarily due to the consolidation of Sojern Inc. and its subsidiaries. The acquisition of Sojern Inc., completed in November 2025 for a consideration of INR 2,222.7 Cr, significantly contributed to the top-line growth during the year. The company noted that integration efforts are progressing in line with expectations.

Q4 Performance

For the quarter ended March 31, 2026, the company reported a net profit of INR 70.0 Cr, up from INR 54.8 Cr in the same quarter of the previous year. Revenue for Q4 FY26 rose to INR 715.5 Cr, compared to INR 260.7 Cr in Q4 FY25. The company reported its highest-ever quarterly revenue, with an Adjusted EBITDA margin of 23.5%.

The following table summarizes the key consolidated financial metrics for the year and quarter ended March 31, 2026:

Cash Flow Analysis

The company reported a net cash outflow from operating activities of INR 233.7 Cr for FY26, compared to an inflow of INR 120.0 Cr in the previous year. Net cash used in investing activities was INR 1,281.5 Cr, while financing activities provided a net inflow of INR 835.9 Cr. Cash and cash equivalents at the end of the year stood at INR 173.1 Cr.

Conference Call Details

In compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company concluded an earnings conference call on May 21, 2026. Analysts and institutional investors were briefed on the financial results and business overview. The audio recording of the interaction is available on the company's website.

RateGain Travel Tech has outlined an ambitious growth roadmap for FY27, projecting organic revenue growth of 10% to 12% for the year, while maintaining a long-term vision of reaching $1 billion in revenue by FY30-31. The company's Managing Director has expressed strong confidence heading into FY27, citing enhanced capabilities, improved operational execution, and a well-defined strategic direction as key enablers of this trajectory.

FY27 Financial Projections

RateGain Travel Tech has provided detailed financial guidance for FY27, with revenue expected to reach INR 3,100 crores, representing a growth of 65% to 70% year-over-year. The combined company is projected to deliver 12% to 15% organic growth. On the profitability front, EBITDA is expected to land between INR 650 crores and INR 700 crores, translating to a margin of 21.50% to 22.50%, excluding the earn-out consideration from the Sojern acquisition.

The following table summarises the key financial projections for FY27:

Segment-Wise Growth Outlook

The company has provided segment-level guidance, reflecting differentiated growth expectations across its business verticals. The DAAS segment is projected to grow by 10% to 14%, while the Distribution segment is expected to expand in mid-single digits. Martech is anticipated to be the strongest performer, with growth projected at 12% to 15%, driven significantly by the SOHO segment, which is expected to surpass 30% growth.

Cash Flow and Debt Strategy

Beyond revenue and profitability, RateGain Travel Tech has outlined a clear capital management strategy. The company expects its free cash flow to EBITDA conversion to exceed 75% in FY27, underscoring its focus on translating earnings into strong cash generation. Additionally, the company has set a target to eliminate debt entirely by the end of FY28, reflecting a disciplined approach to balance sheet management.

Leadership Outlook and Long-Term Vision

The MD's commentary highlights the company's readiness to execute on its stated priorities, which include enhanced skills across teams, improved operational execution, and a strong financial standing. These pillars are positioned as central to RateGain Travel Tech's strategy as it pursues steady, profitable growth on its path toward the $1 billion revenue milestone by FY30-31.