Rategain Q2 FY23 Results Key Highlights

  • Consolidated Revenue up 47% and Net Profit is up 782% YoY
  • EBIT Margins at 14% Vs 5% YoY
  • Cash Balance Rs.434 Cr as on 30th Sep 2022
  • New Product Launch – Engage AI

  • Revenue Model – Subscription 34.8%, Hybrid 42.1%, Transaction 23.2%
  • Revenue by Geography US 56.2%, Europe 30.5%, Asia 10.2%, Other 3.1%

  • Top 10 Customers constitute 35.6% of Revenue
  • Gross Revenue Retention 90% (% of renewed revenue vs last fiscal)
  • Rategain Offerings and journey – DaaS, Distribution and Martech
  • In H1FY23 DaaS contributed 25.7%, Distribution 35% and Martech 39.3% to total revenue

  • Added 150 Net New Customer in Q2FY23, Total number reach to 2557
  • Employee cost remained flat QoQ, DaaS and Distribution business shown better growth helped in kicking in operating leverage. Margins target is to reach EBITDA margin of 20-25% by FY25

  • H2 will be stronger than H1 so similar margin of 15% can be expected.
  • Analysing some M&A opportunities present in Market.
  • Leading Airlines Air India and Akasa Air selected Rategain, So now almost all Indian Airlines are Rategain client. In last quarter Royal Orchid has also tied up with Rategain

 

Source:

Rategain Investor Presentation

Rategain Concall Recording