RateGain's revenue surges on Sojern but standalone PAT halves
Consolidated Q4 revenue hits ₹7,156 cr from ₹2,607 cr; standalone PAT falls to ₹117 cr from ₹266 cr.
— 2 earlier stories on RateGain Travel Technologies Ltd. →What's new
- Standalone Q4 PAT drops to ₹117 cr from ₹266 cr due to sharp fall in other income.
- Consolidated revenue surges to ₹7,156 cr in Q4 and ₹18,236 cr for FY26, reflecting Sojern consolidation.
- Full-year standalone PAT falls to ₹503 cr from ₹721 cr; audit report unmodified.
Why it matters
The headline revenue growth is entirely acquisition-led, masking a 56% drop in standalone profit. The open question is how much of the reported earnings are organic, given the Sojern deal dominates the top line. The standalone PAT decline, driven by other income, raises questions about earnings quality outside the deal.
What we're watching
- Organic revenue growth ex-Sojern in upcoming quarters.
- Sustainability of other income levels post the fiscal year-end.
- Any update on Sojern integration and margin trends.
The full read
RateGain's consolidated Q4 revenue jumped to ₹7,156 crore from ₹2,607 crore a year earlier, thanks to the Sojern acquisition that closed in November 2025. Full-year revenue hit ₹18,236 crore. But standalone numbers tell a different story: Q4 PAT fell to ₹117 crore from ₹266 crore, and full-year PAT dropped to ₹503 crore from ₹721 crore. The culprit was a sharp decline in other income, which typically inflates reported profits. The audit opinion is clean, but the quality of earnings is now split between acquisition-driven top-line growth and deteriorating standalone profitability. The open question is the organic trajectory without the Sojern boost.