Profit before tax during the quarter stood at Rs 25.85 crore, registering a growth of 109.3% on YoY basis.

EBITDA soared 109.7% to Rs 322.1 crore in Q4 FY23 as compared to Rs 153.7 crore in Q4 FY22. EBITDA margin improved to 17.6% in Q4 FY23 as against 14.2% in Q4 FY22.

On full year basis, the company's consolidated net profit zoomed to Rs 68.40 crore in FY23 as against Rs 8.42 crore posted in FY22. Revenue from operations jumped 54.2% year on year to Rs 565.13 crore in the financial year ended 31 March 2023.

The company said that it reported record revenues and profitability with robust growth and operational efficiency contributing to higher margins.

The IT solution provider added that its ability to innovate and consistently drive outcomes at scale for customers has helped in recording new contract wins of Rs 130.80 crore in FY23 and has a healthy pipeline of Rs 381.02 crore as it goes into the new year.

The annual recurring revenue stood at an all-time high of Rs 774.51 crore and the LTV to CAC for FY23 was at 21.3x which is 7x higher than the benchmark for SaaS companies, as the company continued to have strong customer relationships.

In an environment where most technology companies are dealing with both growth and cost pressures, RateGain continued to show robust revenue growth and substantial improvement in operating margins to 15% for FY23, up from 8.3% in the prior year; on the back of operating leverage playing out and driving cost efficiencies across different businesses.

Bhanu Chopra, founder and chairman, RateGain Travel Technologies, said, “The travel industry continues to witness strong demand across key geographies, we are well positioned to capture and partner with our clients to deliver innovative solutions to optimize their revenue strategy. With continued momentum across all business lines along and our continued investments into RG Labs specially in areas of AI and now Generative AI –we continue to lead digitization of the industry.”

Tanmaya Das, chief financial officer of RateGain Travel Technologies, said, “We witnessed balanced growth across our three verticals with an improvement across all key metrics contributing to a stellar year, which is a true reflection of the efforts of the entire team. Adara integration continues on track, and we are pleased with this new addition to the RateGain ecosystem. With a strong pipeline across verticals, we are well positioned to deliver value to our customers and stakeholders.”

The company continued to add to its headcount and saw a 17.7% increase YoY with a total headcount of 713. With the expansion of the headcount, the company has also been able to reduce its attrition rate to 21.1% by leveraging unique upskilling and learning programs to create new opportunities for existing employees.

Rategain Travel Technnologies is an information technology company providing innovative solutions to help clients in the hospitality and travel industry to achieve their business goals.