RateGain‍‌‍‍‌‍‌‍‍‌ Q2FY26 Results: Record ₹2,950.6 Mn Revenue but 2.3% YoY Profit Decline; Stock Ends 1% Lower

New Delhi, November 11, 2025 – RateGain Travel Technologies Limited (NSE: RATEGAIN, BSE: 543417) announced its highest-ever quarterly revenue for the second quarter ended September 30, 2025 (Q2FY26), while its net profit saw a marginal decline. After publishing the result announcement, the company’s shares fell 1.62% on the NSE.

Record Revenue but Margins Under Pressure

The travel-tech company reported a top-line of ₹2,950.6 million, representing an increase of 6.4% from the corresponding period last year, supported primarily by the continued growth witnessed in the two business verticals: DaaS and MarTech. However, PAT declined 2.3% y-o-y to ₹510.1 million due to the company’s strategic decision to invest in AI-driven innovation and market expansion initiatives.

EBITDA stood at ₹536.3 million, which is 10.9% less than last year’s, while the EBITDA margin fell from 21.7% in Q2FY25 to 18.2%. The company attributed this decline to the rise in people and technology costs emanating from the expansion of its business worldwide.

Half-Yearly Financial Performance

Operating revenue for the first half of FY26 witnessed a growth of 5.7% YoY to ₹5,679.7 million, while total revenue was up 6.5% to ₹6,101.7 million. PAT rose by 0.4% to ₹979.4 million. The management declared that despite the slightly lower margins, the company remains on the growth trajectory on the back of a strong sales pipeline and new customers.

Strategic Developments and Acquisitions

RateGain has acquired Sojern during the quarter, and that will help the company to become a single AI-powered travel platform combining marketing, distribution, and revenue optimisation. Besides, the company set a new record for Q2 contract wins that amounted to ₹888.1 million, raising the half-year total to ₹1,704.9 million.

All the while, RateGain continued to invest heavily in its AI and product development projects to further drive scalability and automation. UNO VIVA, its proprietary AI solution, was recognised with the CII Award for Best AI Solution Showcase. Besides, the company was recognised as a Great Place to Work® both in Spain and the U.S.

Management Commentary

Bhanu Chopra, Founder and Chairman, said that with the company’s GTM expansion plan in full swing, the strong results are evident from record-level contract wins and increasing usage of AI-integrated solutions. He added that this acquisition by Sojern will play a huge role in further cementing RateGain’s value proposition across marketing and revenue optimisation.

According to CFO Rohan Mittal, this is a strong confirmation of the strategy RateGain has chosen and its disciplined approach to investment, done with a view toward stability in margins and positioning for stronger EPS growth during the quarters ahead.

Stock Market Performance

In Tuesday’s session, RateGain shares were largely in the red as investors booked profits after the release of quarterly results. The share opened at ₹674.90, touched an intraday low of ₹637.00 and closed at ₹655.00, down over 1% from the previous close.

RateGain Travel Technologies Limited is a global AI-driven SaaS company for the travel and hospitality industry, which provides solutions to 3,200+ clients and 700+ partners in over 100 countries. The list of its customers includes 26 out of the top 30 hotel chains and 25 out of the top 30 online travel agencies globally. The company is listed on both the NSE and ‍‌‍‍‌‍‌‍‍‌BSE.

REF: https://nsearchives.nseindia.com/corporate/RATEGAIN_11112025120443_RG_PR11112025.pdf

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