Tracxn Shares Fall 5.4% After Weak Q2 Results

SUMMARY

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.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Tracxn Shares Fall 5.4% After Weak Q2 Results-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Tracxn Shares Fall 5.4% After Weak Q2 Results-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Tracxn Shares Fall 5.4% After Weak Q2 Results-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Tracxn Shares Fall 5.4% After Weak Q2 Results-Inc42 Media
Tracxn Shares Fall 5.4% After Weak Q2 Results-Inc42 Media
You’re in Good company