Bookings Growth (9M)
30%
+30% YoY
9-month bookings grew over 30% year-on-year, a strong lead indicator of future revenue.
RATEGAINTRAVELTECHNOLOGI
Information Technology
10 Feb 2026
Rategain Travel Technologies Ltd — Q3 FY26
Rategain reported Q3 FY26 revenue of ₹540 crore, up 94% YoY, driven by the Sojern acquisition and organic growth of 4.1%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Rategain reported Q3 FY26 revenue of ₹540 crore, up 94% YoY, driven by the Sojern acquisition and organic growth of 4.1%. EBITDA grew 42% YoY, with consolidated margin at 16.1%. Reported PAT declined due to one-time exceptional costs of ₹34.6 crore; adjusted PAT grew 8% YoY. Organic EBITDA margin was 17.5%, in line with guidance. Management highlighted $12 million in annualized cost synergies from Sojern within 100 days, with full impact from Q1 FY27. Bookings grew 30% YoY in 9M, signaling strong pipeline. Q4 organic growth is expected to be double-digit. The company aims for a billion-dollar revenue by 2030. Key risk: integration execution and potential customer overlap may delay synergy realization.
Key Numbers
Sojern Cost Synergies
$12M
annualized
Executed $12 million in annualized cost savings within 100 days of Sojern acquisition.
Adara Revenue Growth
19.8%
+19.8% YoY
Adara grew at 19.8% year-on-year in Q3, showing strong performance in martech.
Sojern Customer Count
13,000-14,000
N/A
Sojern adds approximately 13,000-14,000 customers, with less than 5% overlap with Rategain.
Management Guidance
Q4 FY26 organic double-digit growth
Management expects double-digit organic revenue growth in Q4 FY26, driven by strong booking momentum and pipeline.
Management guidance revenueFY26 organic revenue and EBITDA guidance to be beaten
Full-year organic revenue growth expected at 6%+ and EBITDA margin between 17.5-18%, exceeding initial guidance.
Management guidance marginsSojern EBITDA margin improvement to 18.5-19.5%
Cost synergies of $12M annualized will lift Sojern's EBITDA margin to 18.5-19.5%, partially visible in Q4 and fully from Q1 FY27.
Management guidance marginsBillion-dollar revenue target by 2030
Management set an internal goal of reaching $1 billion in revenue by 2030, implying roughly 3x growth from current run-rate.
Management guidance growthKey Risks
Integration execution risk
Combining Sojern's operations and customer base may face challenges; customer overlap is less than 5% but harmonization of reporting and systems is ongoing.
medium · management_commentaryOrganic growth deceleration from deferred revenue
Q3 organic growth was impacted by December-end revenue deferral to January 2026, which could recur if seasonality patterns persist.
low · data_observationCompetitive pressure from emerging AI platforms
Analyst raised concern about new AI platforms potentially disrupting SaaS; management views AI as an accelerator but competitive dynamics remain uncertain.
medium · analyst_questionPAT dilution from acquisition-related amortization
Recurring amortization of $2.823M per quarter and deferred consideration of $2-2.5M per quarter will pressure PAT until revenue synergies materialize.
high · management_commentaryNotable Quotes
We delivered revenue of 540 crores up 94% year-on-year. EBITDA grew 42%.
We have already executed approximately $12 million in annualized cost savings in Sojern on a base of 24 million annual EBITDA in Sojern.
Our goal will be to be between that 18 to 20% range. And we will continue to reinvest additional margins back into the business.
Frequently Asked Questions
What was Rategain Travel Technologies's revenue in Q3 FY26?
Rategain Travel Technologies reported revenue of ₹540 Cr in Q3 FY26, representing a +94% change compared to the same quarter last year.
What guidance did Rategain Travel Technologies management give for FY27?
Q4 FY26 organic double-digit growth: Management expects double-digit organic revenue growth in Q4 FY26, driven by strong booking momentum and pipeline. FY26 organic revenue and EBITDA guidance to be beaten: Full-year organic revenue growth expected at 6%+ and EBITDA margin between 17.5-18%, exceeding initial guidance. Sojern EBITDA margin improvement to 18.5-19.5%: Cost synergies of $12M annualized will lift Sojern's EBITDA margin to 18.5-19.5%, partially visible in Q4 and fully from Q1 FY27. Billion-dollar revenue target by 2030: Management set an internal goal of reaching $1 billion in revenue by 2030, implying roughly 3x growth from current run-rate.
What are the key risks for Rategain Travel Technologies in FY27?
Key risks include Integration execution risk — Combining Sojern's operations and customer base may face challenges; customer overlap is less than 5% but harmonization of reporting and systems is ongoing.; Organic growth deceleration from deferred revenue — Q3 organic growth was impacted by December-end revenue deferral to January 2026, which could recur if seasonality patterns persist.; Competitive pressure from emerging AI platforms — Analyst raised concern about new AI platforms potentially disrupting SaaS; management views AI as an accelerator but competitive dynamics remain uncertain.; PAT dilution from acquisition-related amortization — Recurring amortization of $2.823M per quarter and deferred consideration of $2-2.5M per quarter will pressure PAT until revenue synergies materialize..
Did Rategain Travel Technologies meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Rategain Travel Technologies Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.