RateGain Q1 Profit More Than Doubles YoY to ₹95 Cr, Revenue Surges 188%
Travel-focused SaaS company RateGain reported its first-quarter profit more than doubled year-over-year, reaching ₹95 Cr. The company's revenue also saw a significant jump of 188%.
Travel technology provider RateGain has announced strong financial results for the first quarter of fiscal year 2027. The company's consolidated profit reached ₹94.9 crore, marking a substantial 102% increase compared to the ₹46.9 crore reported in the same period last year. Profit also grew by 36% from the previous quarter.
Operating revenue surged by 188% year-over-year to ₹785 crore. On a sequential basis, revenue increased by 10%. Including other income, the total income for the quarter stood at ₹788.1 crore.
Total expenses for the quarter also rose significantly, climbing 188% year-over-year to ₹667.5 crore. This increase in expenses was in line with the revenue growth, indicating the company's operational scaling.
The performance reflects the ongoing recovery and digital transformation within the travel industry. RateGain's software-as-a-service solutions aim to help travel businesses optimize operations and enhance customer experiences.