The call ran from 5:59 PM to 7:03 PM IST (1 h 5 min).
Key takeaways
Headline +153% revenue is acquisition-led; organic growth 14% in Q2 and 15.7% in H1. Corporate down 14% in H1; FY27 guidance held.
| Management target | Revenue FY27 |
|---|
| Revenue growth | +153% YoY, acquisition-led; organic +14%; QoQ down ₹40 Cr (FIFA one-off). |
|---|---|
| Margins | Adjusted EBITDA 22.7% Q2 (reported 20.5%); FY27 guide 22.5–23.5%; synergy-led. |
| Demand visibility | Properties/destinations >20% organic H1; corporate down ~14% H1; Middle East uncertainty persists. |
| Management confidence | Balanced-to-optimistic; candid on corporate decline; maintains FY27 guidance; hedged recovery. |
Growth
Q2 revenue ₹745.4 Cr, +153% acquisition-led; organic +14%, sequentially down ₹40 Cr on FIFA one-off and DMO seasonality.
Outlook
FY27 revenue at upper end of ₹3,000–3,100 Cr; adjusted margin 22.5–23.5%; net debt free by FY28.
Risks
Corporate down 14% H1 with recovery unproven; Middle East revenue down ~48%; segment figures are unaudited management estimates.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
RateGain Travel Technologies Q2 FY27 Results: Net Profit ₹74.7 Cr, Up 46.5% YoY
RateGain Travel Technologies Ltd reported revenue from operations of ₹745.4 Cr (+152.6% YoY) and net profit of ₹74.7 Cr (+46.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹74.7 Cr · +46.5% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting USD 1 billion revenue; returning to net cash within 30 months; scaling AI-led distribution products.
Growth they described
Q1 FY27 revenue reached INR 785 Cr; MarTech segment grew 146%. Adjusted PAT rose to INR 116.8 Cr.
Call details
| Company | Rategain Travel Technologies Ltd |
|---|---|
| NSE symbol | RATEGAIN |
| ISIN | INE0CLI01024 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 6:00 PM IST |
| Length | 1 h 5 min |
Rategain Travel Technologies Ltd: key numbers
- Share price
- ₹819.45
- Market cap
- ₹9,715 Cr
- Revenue (annual)
- ₹1,824 Cr
- Net profit (annual)
- ₹194.4 Cr
- P/E (TTM)
- 36.5×Sector 23.8×
- Promoter holding
- 48.86%+0.08% QoQ
- FII holding
- 6.89%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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