Tracxn Q2: Loss Zooms 22% To INR 6 Cr

Data intelligence platform Tracxn’s net loss widened 22% to INR 5.6 Cr in Q2 FY26 from INR 4.6 Cr in the year-ago quarter. The company had reported a net profit of INR 1.1 Cr in the preceding June quarter of 2025. 

Tracxn’s operating revenue for the quarter was almost flat at INR 21.3 Cr, down 0.7% YoY and up 0.2% QoQ. Including other income of INR 1.2 Cr, total income for the quarter stood at INR 22.5 Cr. 

The company plunged into an EBITDA loss of INR 58 Lakh against a positive EBITDA of INR 92 Lakh in the year-ago period. EBITDA margin, too, contracted to -2.7% from 4.3% in the year-ago quarter.

Meanwhile, total expenses increased 7% YoY to INR 21.9 Cr. Employee expenses continued to be the largest spending head of the company, growing 5% YoY to INR 19 Cr. 

Notably, the company registered a tax expense of INR 6.2 Cr during the quarter under review as against INR 33.2 Lakh in the prior quarter. Tax expense stood at INR 7 Cr in the year-ago quarter. 

In Q2 FY26, Tracxn’s management reassessed the recoverability of deferred tax assets relating to carry-forward business losses, considering the current performance and market conditions. 

“Based on this assessment, the company has reversed deferred tax assets on carry forward business loss amounting to INR 6 Cr during the quarter. The management will continue to monitor the position periodically in light of future business performance,” the company said.

Despite the loss in the quarter, Tracxn said that it continued to see high overall volume growth. The company added 113 new accounts during the quarter under review, a decline of 44% from 202 new accounts added in Q2 FY25. 

The data intelligence platform said its Indian accounts grew 50% YoY, resulting in a 16% YoY revenue growth in the revenue registered from the region. This growth came on the back of its growth initiatives, primarily the launch of vertical business unit teams. 

Besides India, the company claims presence in 20 countries, including the UK, Brazil, Russia, Germany, Singapore. Its international business struggled in the quarter, with revenue declining 11% YoY despite a 29% YoY uptick in accounts. 

The company said it is in the process of replicating its India growth strategy internationally and scaling its vertical teams to other key regions. 

To improve its international business, the company signed a key partnership with TMX Group’s information services subsidiary TMX Datalinx to reach financial institutions across North America. Besides, it also said that it is adding more datasets in the North American region.

Shares of Tracxn ended Tuesday’s trading session down 0.40% at INR 52.74.