BSECompany Update20 Aug 2026 · 20 Aug 2026, 07:07 pm
Enclosed.
Mach Travel Solutions Ltd · 544248
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Mach Travel Solutions Ltd has conducted its Q1FY2027 Earnings Call with Investors/Analysts on August 18, 2026, and the transcript is available on the company's website. The call discussed the company's business performance, key developments, and updates for the Q1 of this year, including the impact of initiatives undertaken over the last year, expansion of the business beyond MICE, and the use of technology to make the business more scalable.
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Mach Travel Solutions Ltd - 544248 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Date: August 20, 2026
The Secretary, Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001,
Maharashtra, India
Scrip Code: 544248 Scrip ID: MACHLTD
Subject: Disclosure of Transcript of Q1FY2027 Earnings Call held on August 18, 2026
Dear Sir/Madam,
This is further to our letter dated August 10, 2026 and August 12, 2026, wherein we had given
you an advance intimation of the upcoming Earnings Conference Call in terms of Regulation
30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Company has conducted MACH’s Q1FY2027 Earnings Call with Investors / Analysts on
18th August, 2026 at 11:00 A.M.(IST) onwards.
The Transcript of the aforesaid call is enclosed herein and is also available on the Company’s
website.
Please note that no unpublished price sensitive information was shared/discussed in the
aforesaid Earnings Call.
Kindly take the same on record and acknowledge receipt.
Thanking You
Yours faithfully,
Yashashvi Srivastava
Company Secretary & Compliance Officer
“Mach Travel Solutions Limited
Q1 FY27 Earnings Conference Call”
August 18, 2026
MANAGEMENT: MR. AMIT BHATIA – CHAIRMAN AND MANAGING DIRECTOR – MACH
TRAVEL SOLUTIONS LIMITED
MR. RAVI KUMAR MISHRA – CHIEF FINANCIAL OFFICER – MACH
TRAVEL SOLUTIONS LIMITED
MR. ADIT BHATIA – EXECUTIVE DIRECTOR – MACH TRAVEL
SOLUTIONS LIMITED
Page 1 of 13
Mach Travel Solutions Limited
August 18, 2026
Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Conference Call of Mach Travel
Solutions Limited. This conference call may contain forward-looking statements about the
company, which are based on the beliefs, opinions, and expectations of the company as on the
date of this call. These statements are not the guarantees of future performance and involve risks
and uncertainties that are difficult to predict.
As a reminder, all participant lines will be in the listen-only mode and there will be an
opportunity for you to ask questions after the presentation concludes. Should you need assistance
during this conference call, please signal an operator by pressing star then zero on your touchtone
phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Bhatia, Chairman and Managing Director, Mach
Travel Solutions. Thank you, and over to you, Mr. Bhatia.
Amit Bhatia: Thank you. Thank you. Good morning, everyone. My name is Amit Bhatia. I am the Chairman
and the Managing Director for Mach Travel Solutions Limited. I thank everyone for joining in.
Joining me on the call today, we have Mr. Ravi Kumar Mishra, our CFO, and Mr. Adit Bhatia,
Executive Director, my son, who's been associated with the company for, for a time now. This
is Adit's first earning call representing the company, and he will take you through the overall
business performance, key developments and updates for the Q1 of this year.
Over to you, Adit. Could you please take over?
Adit Bhatia: Thank you. Good morning, everyone. It's a pleasure to be here and to have the opportunity to
speak to you all today. I am happy to be joining the earnings call and to share some perspective
on the company, our business, and the journey we are currently on. With that, let me begin by
giving you a brief overview of Mach and our business.
So Q1 has been a very important quarter for us, as we are beginning to see the impact of the
initiatives undertaken over the last year. Mach has always been a MICE focused company, and
that remains an important part of our business. However, over the last year, we have built beyond
MICE by adding corporate travel, B2B, leisure, and government and institutional projects, while
also developing our B2C OTA platform.
The objective is to build a broader travel platform where we can serve multiple requirements of
the same customer and create a greater mix of repeat and recurring business. Corporate travel is
a very good example of this transition. We launched this vertical in April and have already
onboarded more than 100 corporate clients. Unlike MICE, which is largely project based,
corporate travel involves ongoing requirements and annual or multi-year relationships.
This gives us, this gives us an opportunity to build a more predictable revenue stream over time.
We are also combining technology with our service capabilities through our corporate self-
booking tool, which covers booking, approval, ticketing, invoicing, and reporting, while
continuing to provide dedicated account management wherever required. At the same time, our
core MICE business continues to perform well.
Page 2 of 13
Mach Travel Solutions Limited
August 18, 2026
During the quarter, we completed MICE programs across Oceania region worth around INR32
crores, covering approximately 950 to 1,000 delegates and many more such programs were
executed.
Government and institutional projects is another area we are building. Our recent IRCTC
empanelment gives us an opportunity to participate in back-end travel and tourism services
across rail tours, charter trains, customized tours, and holiday packages subject to specific
assignments.
Another is the Punjab Yatra program, valued at around INR92 crores and covering
approximately 1.85 lakh yatris. Also continued to provide revenue visibility during the quarter
and beyond. We have also expanded our operating presence across Noida, New Delhi, Mumbai,
Kolkata, Bengaluru, Bhubaneshwar, and Ahmedabad, while continuing to invest in our digital
capabilities and the B2C OTA platform.
So, the transformation is really about three things. Broadening our business beyond MICE,
building more recurring customer relationships, and using technology to make the business more
scalable. The foundation is now largely in place. Our focus going forward is to scale these
businesses, expand our customer base, increase cross-selling, and execute the pipeline that we
have built.
Based on the momentum we are seeing across our businesses and the pipeline currently in place,
we are confident of achieving revenue of around INR500 plus crores in FY27. We also believe
that the current pace of growth can be sustained through the balance of the financial year,
providing a strong base for growth in the years ahead. With that, I will hand it over to our CFO,
Mr. Ravi Kumar Mishra, to take you through the financial performance. Thank you.
Ravi Kumar Mishra: Thank you, Adit. Good morning, everyone. I will take you through the financial performance
for the quarter. Revenue from operations stood at INR144.33 crores in quarter one financial year
'27, compared with INR22.62 crores in quarter one financial year '26, representing a 538% year-
on-year growth.
On a sequential basis, revenue increased from INR83.25 crores in quarter four financial year '26
to INR144.33 crores, a growth of around 73%. We have also started disclosing GMV, which
stood at approximately INR252 crores for the quarter. This provides a broader view of the overall
scale of transactions handled across our businesses.
Coming to profitability, EBITDA stood at INR8.92 crores, compared with INR1.66 crores in Q1
financial year '26, a growth of approximately 437%. EBITDA margin was 6.09% compared with
7.17% last year. The year-on-year margin movement reflects the investments we are making in
building the new verticals, expanding the team, and strengthening our business and technology
infrastructure.
However, on a sequential basis, EBITDA increased from INR3.81 crores to INR8.92 crores,
while the margin improved from 4.54% to 6.09%. So we are seeing an improvement in operating
profitability as the business scales. At the PAT level, profit after tax stood at INR6.17 crores
Page 3 of 13
Mach Travel Solutions Limited
August 18, 2026
compared with INR1.52 crores in Q1 financial year '26, representing a 307% year-on-year
growth.
PAT margin was 4.22% compared with 6.54% last year. Sequentially, PAT increased from
INR1.8 crores to INR6.17 crores, while PAT margin improved from 2.15% to 4.22%.
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