RateGain Travel Technologies (RATEGAIN) Q2 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue in Q2 FY 2026, driven by MarTech and DaaS growth, new contract wins, and GTM expansion, with successful Sojern integration positioning the company as an AI-first travel technology platform.

• Expanded into five new markets, gaining traction in APAC, Middle East, LATAM, and North America.

• Approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, with no material misstatements found by auditors.

• Focused on product innovation, strategic partnerships, and building an AI-first platform for the travel industry.

Financial highlights

• Q2 FY 2026 revenue reached INR 2,950.6 million, up 6.4% year-over-year; H1 FY 2026 revenue was INR 5,679.8 million, up 5.7% year-over-year.

• Q2 FY 2026 EBITDA at INR 536.3 million (18.2% margin), down 10.9% YoY; PAT at INR 510.1 million (17.3% margin), down 2.3% YoY.

• Net worth at INR 1,817 crore; cash and equivalents at INR 13,515.9 million, with INR 10,896 million used for Sojern acquisition.

• Standalone revenue for H1 FY26 was INR 1,223.91 million, with standalone net profit at INR 383.27 million.

• Basic EPS for H1 FY26 was INR 8.30, compared to INR 8.28 in H1 FY25.

Outlook and guidance

• FY 2026 revenue guidance raised to 55%-60% year-over-year growth over FY 2025, reflecting Sojern acquisition.

• Full-year EBITDA margin expected at 16%-17%; March 2026 exit run rate projected at 17%-18%.

• QIP proceeds of INR 6,000 million remain unutilized, earmarked for strategic investments and acquisitions.

• Guidance remains conservative due to past revisions and seasonality in Sojern's business.