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RateGain Travel
SectorInformation Technology
The Quarter story
The two most recent quarterly results, compared side-by-side.
Rategain Travel Technologies shows strong margin recovery and rapid customer growth following a major Q3 FY26 acquisition and subsequent balance sheet normalization.
Adjusted PAT margin climbs from 11.3% in Q3 FY26 to 14.9% in Q1 FY27, reflecting disciplined cost management.
Attrition rate rises from 13.2% in Q3 FY26 to 14.0% in Q1 FY27, pointing to ongoing talent retention challenges.
Net revenue retention rises from 99.1% in Q3 FY26 to 106.8% in Q1 FY27, showing strong customer expansion.
Gross margins slip from 72.5% in Q1 FY26 to 69.2% in Q1 FY27, indicating pricing or cost-of-service pressure.
Borrowings fall from ₹11,058 Cr in Q3 FY26 to ₹533 Cr in Q1 FY27, confirming successful debt reduction post-acquisition.
LTV to CAC ratio declines from 13.4x in Q3 FY26 to 10.7x in Q1 FY27, signaling higher acquisition costs relative to customer value.
Customer base grows from 3,277 in Q3 FY26 to 14,158 in Q1 FY27, highlighting rapid market penetration.
Cash reserves drop from ₹3,044 Cr in Q3 FY26 to ₹227 Cr in Q1 FY27, reflecting heavy capital deployment for integration and debt repayment.
MarTech revenue share increases from 69.1% in Q4 FY26 to 81.1% in Q1 FY27, driving the strategic shift toward high-margin tech solutions.
