Interim report
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November 11, 2025 To, National Stock Exchange of India Limited (NSE: RATEGAIN) BSE Limited (BSE: 543417) Subject: Outcome of the Board Meeting held on November 11, 2025 Dear Sir/Ma’am, Pursuant to 30, 33 and Schedule III, Para A of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e., Tuesday, November 11, 2025 have inter-alia considered and approved the following matters: Unaudited (Standalone and Consolidated) Financial Results (Financial Results’) of the Company for the quarter and half year ended September 30, 2025. The Financial Results are also being disseminated on the Company’s website at https://investors.rategain.com/ Pursuant to Regulation 30 and 33 of the Listing Regulations, we are enclosing herewith the following as ‘Annexure A’: (a) Financial Results of the Company for the quarter and half year ended September 30, 2025. (b) Limited Review Report on the Financial Results of the Company for the quarter and half year ended September 30, 2025. The Board Meeting commenced at 10:30 a.m. and concluded at 11: 40 a.m. Please take the above information on record. Yours faithfully, For RATEGAIN TRAVEL TECHNOLOGIES LIMITED Mukesh Kumar General Counsel, Company Secretary & Compliance Officer Membership No.: A17925 Encl.: As above
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1 1 Chartered Accountants Deloitte 7th Floar Building 10 Tawer B Haskins & SellsLLP B Gy o Gurugram-122 002 Haryana, India Tei: +91 124 679 2000 Fax: +91124 679 2012 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF RATEGAIN TRAVEL TECHNOLOGIES LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of RATEGAIN TRAVEL TECHNOLOGIES LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiarles together referred to as “the Group™) for the quarter and six months ended September 30, 2025 (“the Statement”) being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Qbligations and Disclosure Requirements) Regulations, 2015, as amended (“the LODR Regulations”). This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent’s personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant Imatters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. . The Statement includes the results of the entities listed In Annexure A. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accerdance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. We did not review the interim financial results of RateGain Employees Benefit Trust (“The Trust”) included in the standalone unaudited interim financial results of the Parent included in the Group, whose interim financial results reflect total assets of Rs. 50.09 million as at September 30, 2025, total revenues of Rs. NIL for the quarter and six months ended September 30, 2025, total net loss after tax and total comprehensive loss of Rs. 0.004 million and Rs, 0,008 million for the quarter and six months ended September 30, 2025, respectively, and net cash inflows of Rs. Nil for the six months ended September 30, 2025 as considered in the respective standatone unaudited interim financial results of the Trust included in the Parent. The interim financial results of the Trust have been reviewed by the other auditor whose report has been furnished to Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbal-400 013, Maharashtra, (ndia. Deloltte Haskins & Sells LLP is reglstered with Limited Liabliity having LLP identification No: AAB-8737
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Deloitte Haskins & Sells LLP us, and our conclusion in so far as It relates to the amounts and disclosures included in respect of this Trust, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W, 0018) (Membership No. 105546) UDIN: 2S10SS 4L mmLANE F o) Place: Gurugram Date: November 11, 2025
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| | E | E | | : Deloitte Haskins & SelisLLP Annexure A List of entities S. No, Name of the Entity Relationship 1. RateGain Travel Technologies Limnited Parent 2. RateGain Technologies Limited Wholly owned Subsidiary corpany of the Parent 3. RateGain Technologies Inc. Wholly owned Subsidiary company of the RateGain Technologies Limited 4, RateGain Germany Gmbh (formerly known Wholly owned Subsidiary company of the as Myhoteishop Gmbh) RateGain Technologies Limited 5. RateGain Technologies Spain, S.L. Wholly owned Subsidiary company of the RateGain Technologies Limited 6. RateGain Technologies LLC Wholly owned Subsidiary company of the RateGain Technalogies Limited 7. RateGain Adara Inc. (BCV Social LLC Wholly owned Subsidiary company of the merged with RateGain Adara Inc. w.e.f Aprii | RateGain Technologies Inc. . 1,2025) 8, RateGain Adara lapan GK Whoily owned Subsidiary company of the RateGain Adara Inc, 9. RateGain Employees Benefit Trust (included | Trust in standalone unaudited interim financia results of the Parent)
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-, Chartered A ntant: Deloitte iy Haskins & Selis LLP S e ciycompie as ns e s DLFCityPhang ? Gurugram-122 002 Haryana, india Tet: +91 124 679 2000 Fax; +91124 679 2012 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF RATEGAIN TRAVEL TECHNOLOGIES LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of RATEGAIN TRAVEL TECHNOLOGIES LIMITED {“the Company” including Rategain Empioyees Benefit Trust), for the quarter and six months ended September 30, 2025 ("the Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations”). 2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principtes laild down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Reguiation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India (ICAD). A review of interim financial information consists of making inquirles, primarily of the Company’s personnel responsible for financlal and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does nat enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion, ; We also performed procedures in accordance with the circuiar issued by the SEBI under Regulation 33(8) of | the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as arnended, to the extent applicable. 4, Based on our review conducted as stated in paragraph 3 above and based on the consideration of the review reports of the other auditar as referred in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles lald down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is ta be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial results of RateGain Employees Benefit Trust (the "Frust”) included in the Statement whose interim financial results reflect total assets of Rs. 50.09 million as at September 30, 2025, total revenue of Rs. NIL for the quarter and six months ended September 30, 2025, total net loss after tax and total comprehensive loss of Rs. 0.004 million and Rs. 0.008 million for the quarter and six months ended September 30, 2025, respectively and net cash inflows of Rs. Nif for the six months ended September 30, 20285, as considered In this Statement. The interim financial results of the trust have been reviewed by Regd. Offce: One International Center, Tower 3, 315t floor, Senapati Bapat Marg, Eiphinstone Road (West), Mumbai-400 013, Mafiarashtra, India. Deloirte Haskins & Sells LLP is reglstered with Limited Liability having LLP identification No: AAB-8737 ;
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Deloitte Haskins & SellsLLP the other auditor whose report has been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this Trust, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 1173§6W/W 00018) (Membership No. 105546) UDIN: QG0 S5 4 EMLAND 932 Place: Gurugram Date: November 11, 2025
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RateGain Travel Technologles Limited GIN : L.72900DL2012P1.C244966 Corporate Office; M-140, Grealer Kailash Part-i, South Dalhi, New Delhi DL 110048 ‘Wabsite: www.rategain.com; Email: compliance@rategain.com; Telephone: 0120 505 7000 Statement of Consolidated Assets and Liabilities as at September 30, 2026 3 {in ¥ million) particulars As al Asat 30 September 2025 31 March 2025 {Unaudited) (Auditad) ASSETS Non-cuirrent assets Property, plant and equipment 115.59 103.47 Right-of-use assets 121,76 134.65 Goodwill 1,910.07 1,806.05 Inlangible assets 1,359.61 1,434.12 Financial assets 1 Investments 907.18 1,186.22 Olher financial assels 16,56 15.03 Income tax assets (nel) 124.02 15.18 Deferred tax assels (net) 214.37 225.94 Other non-current assels 10.35 6.91 iTotal non-current assets (A} 4,779.61 4,896.57 Current assets Financial assats Investments 2,416.58 2,031.13 Trade receivables 2,432.24 2,122.66 Cash and cash equivalents 4,187.94 3,473.67 Bank batances other than cash and cash equivalents 0.15 22.71 Loans 13.37 . 23.57 Other financial assels 6,451.40 6,232.48 Other current assels 293.88 238.40 | Total current assets (B) 15,795.56 14,144,652 Total assets (A+B) 20,576,07 19,041.09 EQUITY AND LIARILITIES Equity Equity share capital 11801 17.99 Other equity 18,048.72 16,708.61 Total equity (C) 18,167.73 16,026.60 LIABILITES Non-current liabilities Financial fabllites Lease liabilltles 119.49 13265 Provisions. 84.20 77.96 Deferred tax liabilities (net) 7569 75.97 Total non-current abilities (D) 279.06 786,58 Current liabilitles Financial liabilities Lease fizbilitles 30.26 27.84 Trade payables i. total outstanding dues of micro enterprises and small 237 4.86 enterprises ) i total outstanding dues of creditors other than micro 1,022.08 978.22 enterprises and small enterprises Qther financial iabilities 382.67 309.96 Other current liabllities. 496.82 44548 Provisions 3213 29.01 Current tax liabilities (net) 161,93 132.54 Totat current liabilities (€} i 2,128.26 1,927.91 Total liabitities (F= D+E) 2,407.34 2,214.49 20,575.07 19,041.09
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Statomant of Unaudited Congolidated Financial Resclts for the quarter and RateSsain Travel Technologles Limited CIN; (72800DL2012PLC244980 Corporate Offce: M-140, Greater Kailash Partil, South Delh, New Delhi DL 110043 Website: www.ralegaln.cons; Email compliance@eategain.corm; Telephone: 0120 505 7000 months period endad Saptember 30, 2025 (in 2 million, except for Sarming per share information) — Quarter snded Six months ended Year snded 5 SepanTer 7075 | 10 June 5075 | 30 Seplerber 3024 | 30 Soplambar 2023 | 30 September 2074 {__31 March 2025 (Unaudited) (Unaudited) {Unagditod) (Unaudited) Tunaudited) Rudited) 1 Income Revenus from aperalions 285050 272015 277260 567974 sarsa 1070670 Otter incors 252 20658 17338 2200 38892 78374 Totatincome 318601 393573 Thesay GA017E 572865 1153047 2 Expenses Empicyee benis expenses 115399 109149 104547 220848 207349 398759 Finance costs 207 298 331 550 644 1270 Depreciation and amerisation expens: 5247 8700 87.10 5047 18263 932 Othes sxpanses 125025 114039 112491 240128 2,199.57 445852 Total expenses 251067 232248 226079 433343 446121 840813 3 Profitbafore tax {1 -2} 53 G o) T3861 125742 preacy 4 Taxexponse Currant tax 3657 130 18202 27859 2020 565,49 Doferrad tax chargel(credl) 565 083 £19.05) 358 (z8.60) (@2.47) Totat tax expense Tis2 395 5287 AT 28180 533,02 5 Profitfor the periodiyear (3-4) si0.12 48932 s2207 oraas 7582 200029 § Other comprehensive incomeifioss) 19 tem hatvd not be reclassifed o prufl of oss. - Remeasuremerd of gains/(ossos) cefined bensi pians .39 (237 @73) 13| 33 @) - Income tax relatng to these items hat winot be reclassifisd to profi ar loss 035 030 185 950 275 138 Sub-totat ) P 1103} T50) 254 D ) () Hemthat may be reckassifea o proft or loss. - Exchange differencas or ransiation offarsign cperaians 24813 11384 5858 35183 4951 14164 Sub-tota Gi] 2838 11384 EE i 051 [z Total ather comprehensive incomel{loss) for the parlodiyear, net of ax fi+i) D 281 ees X EX T 7 Total comprahensive income for the periodiyear, net o tax (5 + 6) ED) TED 133928 193075 13384E 8 Profitfor the pariodiyaar (8) st0.12 sz 52207 7944 975582 2089.29 Atlitable to: Ouners of the Parent s102 45032 52201 91944 o152 20892 9 Ottor comprehansiva incomel(ioss)for the periodiyear, net of ax () 278 1261 so8 35079 e 13755 Attt Cuners of the Parent 2073 11281 8 35979 4483 13755 10 Total comprehensiva incama far the periodiyear, nel of tax {7) 57.30 8103 1873 1339.28 102075 222684 Alisbutable to; Qwnors ofthe Pareat 513 S8 51873 139923 199075 229884 11 Paid.up share capitai {{ace vatus of ¥4 each) 11801 11801 (B2 11801 17 11788 12 Other aquity 1670861 13 Earnings per equity share (EPSIDPS] {Refer nole 10) Basic EPS (01 7) 42 s 443 e20 828 77 Dioted EPS 0 ) 43t 358 428 az8 820 7.2 Face valus par share (i 7) 100 100 100 too 120 100 Sos accompanying 1o1ss 1 e consaTaated (RAUTS.
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RateGain Travel Technologies Limited CIN: L72900DL2012PLC244965 Corporate Office: M-140, Greater Kailash Part-Ii,South Delhi, New Delhi DL 110048 Website: www.rategain.com; Email: compliance@rategain.com; Telephone: 0120 505 7000 Statement of consolidated cash flow for the period ended September 30, 2025 (in ¥ million) Particulars Six months ended Six months ended 30 September 2025 30 September 2024 {Unaudited) {Unaudited) Cash flows from Operating activities Profit before tax 1,268.61 1,267.42 Adjustments for: Depreciation and amortisation expense 180.47 182.03 Finance cost ‘ 5.87 6.34 Employee stock option expense 143 42.84 Trade and other receivables written off 12.84 4.40 Allowance for expected credit loss 37.02 31.52 Gain on current investments measured at FVTPL {10.60) (3.46) ‘ Gain on sale of investment {4.64)| - | Interest income (403.92)| (345.71) } Unrealised foreign exchange profit {24.06)| {32.35) i Sundry balances written back - 0.08 1 Gain on termination of lease - {0.24) ‘ (Gain)/ Loss on sale of property, plant and equipment (net) - {0.01) | Operating profit before working capital changes and other adjustments 1,063.02 1,152.86 1 Working capital adjustments: i (Increase)/Decrease in trade receivables (237.18)| (167.03) l (Increase)/Decrease in financial assets (1.16)} 2.76 3 (Increase)/Decrease in loans 10.34 2.04 : (Increase) Decrease in other currentinon-current assets (49.32) (17.82) 1 Increase/ (Dscrease) in trade payable 113.05 316.78 i Increase/ (Decrease) in other financial liabiities (66.28) (195.07) i Increase/ (Decrease) in other current/non-current liabilities 24.5% {116.27) ; Increase/ (Decraase) in provisions 6.63 12.07 ‘» Cash generated from operating activities 863.65 990.32 ! Income tax paidirefund net (361.70) (509.66)] i Net cash generated from operating activities 601.95 480,66 i Investing activities E Purchase of property, plant and equipment, intangible assets (27.01) (22.42) E Proceeds from sale of property, plant and equipment - 012 E Investments in mutual funds (915.36) (330.00) f Proceeds from sale of investments In mutual funds 145.36 251.14 ! Investments in bonds (202.81)| {1,601.32)] E Proceeds from sale of investments in bonds 85065 1,054.49 ; Investments in bank deposits (12.64) (231.21)] i Proceeds from maturity of bark deposits 2270 228.60 g Interest income 197.88 35.25 ; Deferred consideration paid related to earlier acquisition - (28.27) E Net cash generated from / (used in) investing activities 58.77 {643.62) x g Financing activities ! Proceeds from issue of equity instruments 0.03 5.57 Repayment of lease liabilities (19.40) (18.05) | Finance cost paid (0.13)| (0.20) ; Net cash generated from / (used in) financing activities {19.50) (12.68)| ; Net increase/(decrease) in cash and cash equivalents 54122 (175.64) S Net foreign exchange difference 173.15 29.06 (Cash and cash equivalents at the beginning of the year 3,473.57 2,675.04 Cash and cash equivalents at year end 4,187.94 2,528.46
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RateGain Travel Jechnologies Limited CIN: L72900DL2012PL.C244966 Notes to Consolidated Financial Results for the quarter and six months period ended September 30, 2025 1 These consolidated financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standard {Ind AS! notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013 (read with SEBI Gircular CIRICFDIFACS2/2016 dated July 05, 2016 and other recognised accounting practices and policies). 2 In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these consolidated financial resulls (*financial results’) for the quarter and six months period ended September 30, 2025 have been reviewed and recommended for approvat by the Audit Commitiee and accordingly have been approved by the Board of Directors of RateGain Travet Technologies Limited ('the Company") at their respective mestings held on November 11, 2025. The stalutory auditars have carried out limited review of the financial results of the Gompany for the quarter and six months period ended September 30, 2025 The financial results are on the website of he company viz, www.rategain.com and an the website of National Stock Exchange of India Lirnited (www.nseindia.com) and Bombay Stock Exchange (www.bseindia.com) 3 The consclidated financial results incuide the results of the Company and 7 subsidiaries. The Company together with its subsidiaries is hearein refered Lo as the Group. The group is in the business of Information Technology senvices providing innovative solutions to help elients in the hospitality and travel industry to achieve their business goals. 4 During the quarter ended December 31, 2023, Ihe Company has raised money by the way of Qualified Institutions Placement (‘QIP") and alloited 9,331,269 equity shares of face value % 1 each to the eligible qualified insiiluional buyers at a price of # 643 per equity shares (including a premium of € 642 per equity sharz) aggregating to ¥ 5,000 milion. The isste was made in accordance SEBI {Issue of Capital and Disclasure Requirerents) Regulations, 2018. Expenses incurred in relation to QIP amounting ¥ 116.22 million (net of taxes) have been adjusted from Securities Premium Account. As per the placement document, QIP proceeds are to be utiised for Strategic investments, acquisition and inorganic growih. As on September 30, 2025, 100% of QIP's net proceeds were unutilised and were temporarily parked! invested in depasils. 5 The Group's business aclivity falis within a single segment, which is providing innovative solutions to help dlients in the hospitality and travel industry to achieve their business goals, in terms of Ind AS 108-Segment Reporiing. & During the quartsr ended Seplember 30, 2026, 6,743 (for the six months period ended September 30, 2025, 74,999) Employee Slock Options ‘cplions') have been oxercised by the employees under the Employee Stock Oplion Scheme (ESOS) 2015, Empioyee Stock Option Scheme (ESOS) 2018 and Employee Stock Appreciation Rights (ESARS) 2022. 7 The paid up share capital of the Company excludes 67,631 {March 31, 2025: 67,631) equity shares held by the ESOP Trust which has been consolidated in zccordance with the requicement of IND AS 110 "Consolidated Financials Statements”. 8 The Board of Directors of BCV Social LLC {*Transferar Company®) and RateGain Adara Inc. (“Transferee Company"), both wholly owned step-down foreign subsidiaries of RateGain Travel Technologies Limited, approved a merger effective from Aprif 01, 2025. 9 As at September 30, 2026, the Company entered into a definitive agreement to acquire 100% of the voling equity interssts in Scjern Inc., a US-based company (specializing in Al-powered hospitality and travel marketing platforms). Such acquisition has been done through its newly incorporated wholly awned subsidiary, RaleGain Merger Sub Ing. The aquisition consideration of USD 250 million hes been funded pariially thraugh a secured term foan of USD 126 million from HSBC and Citivank (via facility agreement dated October 29, 2025) and remaining amount of USD 125 millicn from internal funds. The Company has completed the aforesaid acquisition transaction of Sojerr Inc. on November 06, 2025. 10 Earnings per equity share for the quarters ended September 30, 2025, June 30, 2025, and September 30, 2024 and haif year ended September 30, 2025 and September 30, 2024 have nol been annualised. For and on behalf of Board of Direstors of Date: November 11, 2025 Bhanu Chopra Place: Noida Managing Director
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RateGain Travel Technologles Limited CIN @ 172900D1.2012PLC244966 Corporate Office: M-140, Greater Kailash Part-Il, South Delhi, New Delhi DL 110048 Wabsite: www.rategain.com; Email: compllance@rategain.com; Telephone: 0120 505 7000 Statement of Standalone Assets and Liabilities as at September 30, 2025 {In Z million) As at As at Particulars 30 September 2025 31 March 2026 (Unauditad) (Audited) ASSETS Non-current assets Property, plant and equipment 82.15 70.89 Right-of-use assels 86.68 96.38 Intangible assets 11.38 14.92 Financial assets Invesiments 4,392.26 4,640.30 Other financial assets 21.88 19.20 income tax assets (net) 4.38 4.38 Deferred tax assets (net) 45.47 42.68 Other non-curren! assets 8.06 2.76 (Total non-current assets {A) 4,652.24 4,89042 Current assets. Financial assets Investments 2,418,58 2,031.13 Trade receivabies 980.79 707.61 Cash and cash equivaiants 94.52 218,95 Bank balances other than cash and cash equivalents 015 271 Loans 13.37 16.18 Other financial asssls 6,377.65 8,223.75 Other current assets 141,73 113.33 Total current assets (B) 10,024.79 9,333.66 Total assets (A+B) 14,677.03 14.224.08 EQUITY AND LIABILITIES Equity Equity share capital 118.01 117.98 Other equity 13,985.56 13,602.89 Total equity (C) 14,103.57 13,720.88 LIABILITES Non-current fabilities Financial liabilitics Lease liabliities 85.57 103.88 Provisions 84.20 77.96 Total non-current flabilities (D) 178,77 T81.84 Current liabilities Financial liahililies Lease liabifities 15.98 14.68 Trade payables i. total outstanding dues of micre enterprises and small 237 4.86 enterprises ii. total outstanding dues of creditors other than micro 106.61 7231 enterprises and small enlerprises Other financlal flabiiities 130.81 1143.50 Other current ltabiities 43.88 48.55 Provislons. 3213 29.01 Current tax liabilities (net} 81.71 38.45 Total current liabitities {E) 3932.69 321.36 Total llabilities (F=D+E) 573.48 6§03.20 14,677.03 14,224.08 Total equity and liabllities (C+F)
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RateGain Travel Technologies Limited CIN : L72900DL2012P1.C244966 Gorporate Office: M-140, Greater Kailash Part-1i,South Delhi, New Deihi DL 110048 Website: www.rategain.com; Email: compliance@rategain.com; Telephone: 0120 505 7000 Statement of standalone cash fiow for the period ended September 30, 2025 (in ¥ million) Six months ended Six months ended Particulars 30 September 2025 30 September 2024 {Unaudited) (Unaudited) Cash flows from Gperating activities Profit before tax 512.59 374.14 | Adjustments for: Depreciation and amortisation expense 2314 20.63 Finance cost . 5.13 571 Employee stock option expense 4.05 27.49 Allowance for expected credit foss 13.48 0.03 Gain on current invesiments measured at FVTPL {10.60) (3.48) Gain on sale of investment 4.84)) - Interest income (365.36), (307.45), (Gain)/ Loss on sale of property, piant and equipment (net) - (0.01) Operating profit before working capital changes and other adjustments 187.79 117.08 Working capital adjustments: (Increase)/Decrease in trade receivables (286.66) 83.50 (Increase)/Decrease in loans 2.81 (2.14) (Increase)/Decrease in financial assets 57.83 (34.79) (lnerease)Decrease in other currentnon-current assets (33.71) (9.24) (Dacrease)/increase in trade payable 32.01 4.01 (Decrease)/increase in oiher financial liabilities 17.31 (54.55) (Decrease)increase in other currention-current liabilities (4.67) (7.67) (Decrease)/Increase in provisions 563 1045 Cash gencrated from / (used in) operating activities (20.66) 106.73 Income tax paldirefund net {108.25) (95.91) Nt cash generated from / (used In) operating activities (128.91)] 10.82] Investing activities Purchase of property, plant and equipment, intangible assets (22.18) (19.85) Proceeds from sale of property, plant and equipment - 012 Investments in mutual funds (915.36) (330.00) Proceeds from sale of investments in mutual funds 145.36 251.14 Investments in bonds. (202.81) (1,601.32) [Proceeds from sate of Investments in bonds 860,65 ,054.49 Proceeds from maturity of bank deposits 2270 228.60 Investments in bank deposits (12.64) (231.21), Interest income 150.85 95.28 Net cash generated from / (used in) Investing activities 16.59. 552.55) Financing activities Proceeds from issue of equity instruments 003 557 Repayment of lease liabilties (12.14) (11.57) Net cash generated from / (used in) financing activities (1217 (6.00)’ Net increase/ (decrease) in cash and cash equivalents (124.43) (547.73), Cash and cash equivalents at the beginning of the year 218,95 649.42 Cash and cash equivalents at year end 94.52] 101.69
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Corparata Offic iepsi wwralegain.com; Emal RataGain Travel Technalogias Limited GIN: L72900DL2012PLC244986 14-140, Greater Kailssh Partl, South Delb, New Delri OL. 110048 ompliancegrategain.com; Telephan 120 505 7000 ‘Statement of Unaudited Standaione Financial Results for tha guarter and six monfhs period ended Septembar 30, 2025 02 milllon, except for Earning por sharo iaformation) Quarior snded Six montis ended Year ended [Partisulars 30 September 2026( 30 Juno 2025 | 30 Soptemibar 202¢ | 30 September 2025 20 Seplemaber 2024| 31 March 2025 (Unaudtes) (Unaudited) (unaudited) (Unaudited) (Unauditad) (Auditeq) 4 Incomo, Reyenus from cperatons 635.33] 58858 40118 122391 85,65 210432 Giner hcome 19355 18808 162.98 38163 32385 ‘59404 Total income ‘828,98 77656 65414 50554 730051 279836 2 Expenses Empleyee benafis expense 440.43] 4678 37544 ) 74533 143042 Financs costs 25| 261 294 516 581 1128 Deprecislion and smorisaton expense 1181 a1 223 2314 2063 286 ther axpunses 10299 eids 7833 8744 16360 23401 Totat expenses s57.78 53507 45894 T09295 3837 1884 3 Profit bofore tax {1-2) F7i10] 24149 =3 51289 ECD bz 4 Tax oxponse Cuprenttax o147 5089 13151 9350 w197 Defemed Iax chargol(crodh) @) 044 219 a.27) @50) Tataltax axpanse 5054 5133 T3 9123 5836 5 Brofit for the periodiyear (3. 4) 180,85 133,87 ez 27691 12146 © Other comprshensive incomeffioss) ) Hem Ihat vl not be reclassiied to proft or loss. - Remassuramant of gainaflossos) defied benefit plans (1.8 o7 @.75) 273) 23) 7)) - Income tax tolaling 1o haso Kams that vl not be reciassifed to profi o foss 0.35| 0 185 a9 275 138 Tolat oher comprafiensive incomeiloss) for the periodiyear, net of tax | .09 RED 1204 s .09 7 Totat comprehensive Income for the periodiyear, net of ax (5 + &) 2171 785 EEETS ECVE] FiZEs 73T & Paid-up shara capital (acé value of €1 each) 11801 11801 117871 118,01 a7 11798 9 Other squity 1360289 10 Earnings par oquity share {EPS/DPS} (Refer nofe 7) Bsic EPS (n 2) 172 153 114 225 235 612 Dlted £ (i €) 171 153 11z 324 233 512 100, +00 100 100 100 100 Face value por shero (n 7 & “Secompanying roies (6 e siandaione fesuts
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RateGain Trave Technologies Limited CIN: L72900DL2012PLC244966 Notes to Standalone Financial Results for the quarter and six months period ended September 30, 2025 4 These standalone firancial results have been prepared in accordance wilh the recognition and measurement principies of applicable Indian Accounting Standard {Ind AS) rofified under the Companies (Indian Accounting Standards) Rufes, 2015 as specified in seclion 133 of the Companies Act, 2013 (read with SEBI Circular CIRICFDIFAGI52/2016 dated July 05, 2016 and other recognised accounting practices and policies) 2 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these standalone financial results (‘financial tesuts") for the quarter and six months period ended September 30, 2025 have been reviewed and recommended for approval by the Audit Commitiee and accordingly have been approved by the Board of Directors of RateGain Travel Technologies Limited {'the Company®) at their respective meetings held on November 11, 2025. The statutory auditars have carried out limited review of the financial resuits of the Gompany for the quarter and six manths period anded September 30, 2026, The financial resuilts are on the website of the company viz, wv.rategain.com and on the website of National Stock Exchange of India Limited (www.nseindia.com) and Bombay Stock Exchange (www.bseindia.com) 3 During the quarter ended December 31, 2023, the Gompany has raised money by the way of Qualified Institutions Placement (QIP') and allotted 9,331,258 equity shares of face value Z 1 each to the eligible qualiied institutional buyers at a price of ¥ 643. per equily shares (including a premium of 2 542 per equity share) aggregating to ¥ 6,000 million. The issue was made in accordance with SEBI (Issue of Capitel and Disclosure Requirements) Reguiations, 2018 Expanses incurred in relation to QIP amounting 116.22 million (net of taxes) have been adjusted from Securities Premium Accounl. As per the placement document, QIP proceeds are to be utilised for Strategic investments, acquisition and inorganic growth. As on September 30, 2025, 100% of QIP's net proceeds were unutilised and were lemporarily parked/ invested in deposits. 4 The Company’s business activity falls within a single segment, which is providing innavative solutions to help clients in the hospitaiity and travel industry to achieve their busiress goals, in terms of ind AS 108-Segment Reporting 5 During the quarier ended September 30, 2025, 6,743 (for the six months period ended September 30, 2025, 74,999) Empioyee Stock Options ("opticrs") have been exercised by the employees under the Employee Stock Option Scheme (ESOS) 2015, Employee Stock Option Scheme (ESOS) 2018 and Employee Slock Appreciation Rights (ESARs) 2022. 6 The paid up share capilal of the Company excludes 67,631 (March 31, 2025 67,631) equity shares held by the ESOP Trust which has been consolidated in accordance with the requirement of IND AS 110 "Consolidated Financials Statements”. 7 Eamings per equity share for the quarters anded September 30, 2625, June 30, 2025, and Seplember 30, 2024 and half year ended Septemiser 30, 2025 and Sepiember 30, 2024 have not been annualised. For and on behalf of Board of Directars of RateGain Travel Technologies Limited Date: November 11, 2025 Bhanu Chopra Place: Noida Managing Director