RateGain Travel Technologies Limited, a leading provider of innovative solutions for the hospitality and travel industry, has announced its unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The announcement comes following the Board of Directors meeting held on February 13, 2026, in Noida, where the results were reviewed, recommended by the Audit Committee, and approved. These results reflect strong revenue growth, strategic acquisitions, and key operational developments that highlight the company’s continued focus on expanding its footprint and driving shareholder value.

The financial statements were prepared in accordance with Indian Accounting Standard (Ind AS) 34 on Interim Financial Reporting, as prescribed under Section 133 of the Companies Act, 2013. They have been reviewed by the statutory auditors, Deloitte Haskins & Sells LLP, who issued a limited review report confirming that nothing has come to their attention to suggest material misstatements in the results.

Standalone Financial Performance

For the quarter ended December 31, 2025, RateGain reported revenue from operations of INR 626.41 million, compared to INR 534.83 million in the corresponding quarter of the previous year, representing a significant growth. For the nine months ended December 31, 2025, revenue from operations reached INR 4,850.32 million. Total income, including other income, was reported at INR 630.54 million for the quarter and INR 2,236.08 million for the nine months.

The company recorded profit before tax (PBT) of INR 17.05 million for the quarter, impacted by exceptional items, while the nine-month PBT stood at INR 529.64 million. After accounting for current and deferred tax expenses, the profit after tax (PAT) for the quarter was INR 2.89 million, and for nine months it was INR 386.16 million. Total comprehensive income, which includes other comprehensive income from remeasurement of defined benefit plans, was INR 13.78 million for the quarter and INR 395.01 million for nine months.

Consolidated Financial Performance

On a consolidated basis, which includes 16 subsidiaries, RateGain achieved revenue from operations of INR 5,400.30 million for the quarter and INR 11,080.04 million for nine months. Total income including other income was INR 5,565.93 million for the quarter and INR 11,667.67 million for nine months. Consolidated profit before tax, after accounting for exceptional items, stood at INR 289.18 million for the quarter and INR 1,557.79 million for the nine months. The profit after tax was INR 264.54 million for the quarter and INR 1,243.98 million for nine months.

Other comprehensive income, which incorporates foreign currency translation adjustments for global operations and remeasurement of net defined benefit plans, totaled INR 149.23 million for the quarter and INR 509.02 million for nine months. Total comprehensive income for the period was INR 413.77 million for the quarter and INR 1,753.00 million for nine months. These results indicate strong operational and financial performance across domestic and international subsidiaries, especially following strategic expansions.

Key Developments and Exceptional Items

A significant highlight for the company during the period was the acquisition of 100% equity shares of Sojern Inc, a US-based company specializing in AI-powered hospitality and travel marketing. The acquisition, completed on November 6, 2025, was valued at INR 22,170.69 million (USD 250.35 million), subject to working capital adjustments. The acquisition was financed through a combination of external funds of INR 11,069.63 million (USD 125 million) and internal funds including a Qualified Institutional Placement (QIP) of INR 11,100.62 million (USD 125.35 million).

Transaction and other incidental costs of INR 324.16 million incurred up to December 31, 2025, were recorded as exceptional items. In addition, the implementation of India’s new Labour Codes led to increased gratuity and leave encashment liabilities amounting to INR 22.02 million. The company treated these as non-recurring exceptional items in its financial reporting. These measures ensure compliance with regulatory changes while reflecting the one-time financial impact.

Employee Stock Options and ESOP Trust

During the quarter, 79,599 employee stock options (ESOs) were exercised under various Employee Stock Option Schemes (ESOS) and Employee Stock Appreciation Rights (ESARs). For the nine months, a total of 154,598 options were exercised. The paid-up share capital excludes 67,631 equity shares held by the ESOP Trust, which are consolidated in accordance with Ind AS 110 requirements. This demonstrates RateGain’s continued focus on employee participation in the company’s growth and performance.

Segment and Business Overview

RateGain’s operations are concentrated in a single business segment, providing technology solutions and data analytics for the hospitality and travel industry. The company helps clients optimize pricing, marketing, and booking strategies to drive revenue and operational efficiency. The consolidation of Sojern has further strengthened the company’s AI-driven marketing capabilities, enabling a broader global footprint and enhanced service offerings for international clients.

Global Subsidiaries

The consolidated financials include results from 16 subsidiaries, which span multiple geographies, including the US, Europe, Japan, Hong Kong, Mexico, and Singapore. Key subsidiaries include RateGain Technologies Limited, RateGain Adara Inc., and the newly acquired Sojern Inc. and its subsidiaries. This global presence allows RateGain to leverage technology solutions for a diverse client base, strengthening its leadership position in travel tech and hospitality solutions worldwide.

Financial Outlook

RateGain’s Q3 and nine-month FY26 results reflect a period of strategic expansion, strong revenue growth, and prudent financial management. The company has successfully integrated Sojern Inc into its operations while maintaining strong cash flows from its existing operations. Non-recurring expenses related to acquisitions and labour law implementation have been clearly disclosed, providing transparency for investors.

The company remains focused on enhancing its technology-driven solutions for global clients, expanding AI-based capabilities, and continuing its growth trajectory in domestic and international markets. RateGain’s strategy emphasizes a combination of organic growth, strategic acquisitions, and innovation in hospitality and travel analytics.

Investor Communication

RateGain has ensured that all financial results, including standalone and consolidated statements, are publicly accessible on its investor website (www.rategain.com) as well as on the National Stock Exchange (www.nseindia.com) and Bombay Stock Exchange (www.bseindia.com). The company’s transparency and compliance with SEBI LODR Regulations reflect a commitment to governance and timely communication with stakeholders.

In conclusion, RateGain Travel Technologies Limited’s Q3 and nine-month FY26 results showcase robust financial performance, strategic growth through acquisitions, and effective management of regulatory and employee-related changes. With a strong pipeline of technology solutions and an expanding global presence, RateGain is well-positioned to continue its leadership in the hospitality and travel technology sector while delivering value to shareholders and clients alike.

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