Rategain Q3 FY23 Results Key Highlights
- Consolidated Revenue up 39.67% and Net Profit is up 1360% YoY
- EBIT Margins at 17.6% Vs 10.7% YoY
- Cash Balance Rs.432 Cr as on 31st Dec 2022
- New Acquisition – Adara
- Revenue Model – Subscription 33.7%, Hybrid 42.8%, Transaction 23.5%
- Revenue by Geography US 55.2%, Europe 31.1%, Asia 10.6%, Other 3.1%
- Top 10 Customers constitute 34.6% of Revenue
- Gross Revenue Retention 90% (% of renewed revenue vs last fiscal)
- Rategain Offerings– DaaS, Distribution and Martech
- In 9months FY23 DaaS contributed 26.1%, Distribution 36.4% and Martech 37.5% to total revenue
- High Base will have some impact on future growth
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