On Friday, Tracxn reported a net loss of INR 4.65 Cr in Q2 FY25 as against a net profit of INR 2.16 Cr reported in the corresponding quarter last year
The company’s operating revenue was almost flat at INR 21.39 Cr in Q2 FY25 as against INR 21.49 Cr in the year-ago period
On November 8, the company also said that it allotted 4.47 Lakh equity shares to eligible employees under its ESOP plan
Shares of market intelligence platform Tracxn
slumped as much as 5.4% to INR 77.20 apiece during the intraday trading today (November 11) on the BSE, after the company reported weak financial numbers for the second quarter of the financial year 2024-25.
On Friday, Tracxn reported a net loss of INR 4.65 Cr in Q2 FY25 as against a net profit of INR 2.16 Cr reported in the corresponding quarter last year. It also posted a profit of INR 1.27 Cr in the preceding June quarter of FY25.
The company’s operating revenue was almost flat at INR 21.39 Cr in Q2 FY25 as against INR 21.49 Cr in the year-ago period.
Shares of Tracxn ended today’s trading 4.04% lower at INR 78.93 on the BSE. The company’s market capitalisation stood at INR 822.95 Cr.
During the quarter under review, its revenue from operations was nearly flat at INR 21.39 Cr from INR 21.49 Cr in Q2 FY24. On a quarter-on-quarter (QoQ) basis, operating revenue rose 4.18% from INR 20.53 Cr.
Along with its results on November 8, the company also said that it allotted 4.47 Lakh equity shares to eligible employees under its ESOP plan.
In October, it allotted 2.42 Lakh equity shares, following a September allotment of 1.82 Lakh shares under the same ESOP 2016 plan.
Founded in 2013 by Abhishek Goyal and Neha Singh, Tracxn is a market intelligence platform that tracks startups and private companies globally. The company went public in October 2022, listing at INR 83 on the BSE.
The platform serves various clients including venture capital firms, private equity companies, corporate customers, government agencies and academic institutions.
Its shares are currently trading below its listing price. On a year-to-date basis, the stock has given -28.03% returns.
