Rategain Travel Technologies Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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RateGain Travel Technologies reported consolidated revenue from operations of ₹5,400.3 million for Q3 FY26 (Dec 2025), up about 94% year-on-year, and ₹11,080 million for 9M FY26, up about 36%, largely boosted by the November 2025 acquisition of US-based Sojern Inc. for ~₹2,217 crore (USD 250 million). However, consolidated profit after tax fell to ₹264.5 million in Q3 from ₹565.4 million a year ago, and to ₹1,244 million for 9M FY26 from ₹1,541 million, hit by ₹346.18 million in exceptional items (acquisition costs and Labour Code impact) and higher depreciation from acquired intangibles. Standalone results also showed a sharp Q3 PAT drop to ₹2.89 million from ₹178.23 million last year. The acquisition was funded with about ₹1,107 crore in external borrowings and ₹1,110 crore from QIP proceeds/internal funds, causing quarterly finance costs to jump to ₹124.7 million from ₹3.2 million. Deloitte Haskins & Sells LLP issued an unqualified limited review report on the results.
Shareholders should note strong top-line expansion from the Sojern deal but significantly compressed profitability in the near term due to integration costs, amortization of acquired intangibles, and a sharp rise in finance costs from new debt. Watch for synergy realization and debt reduction in coming quarters to judge whether the acquisition will be earnings-accretive over time.