Tracxn Shares Plunge 5% After Q3 Results

SUMMARY

Tracxn's net profit declined 36% to INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 2.22 Cr in the same quarter of previous fiscal

The stock in the last one year gave a negative return of around 32% and in the last five days negative return of nearly 4% at the current market price

Tracxn’s revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s top line was almost flat

Shares of market intelligence company Tracxn plunged 5% to INR 66.00 during intraday trading session on the BSE today (February 11) after its net profit declined 36% to INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 2.22 Cr in the same quarter of previous fiscal.

Tracxn’s revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s top line was almost flat.

The stock in the last one year gave a negative return of around 32% and in the last five days negative return of nearly 4% at the current market price. It has ended in the red in six out of the last seven trading sessions.

The fall in the stock’s price coincided with the downward trajectory followed by the benchmark indices today.

Tracxn is a private equity market research and data platform that tracks company financials, private funding and cap tables of entities worldwide. It was founded in 2013 by Neha Singh and Abhishek Goyal.

The company launched a new platform, Tracxn Lite, which gives users a chance to explore curated data at no cost and comes with strict usage limits. It claims that this platform has got more than 1 Lakh signups since launch and has a monthly active user base of 23,000.

It also claims to be seeing increased volume of inbound leads in its verticals dedicated to startups, accelerators, incubators and investment banks.

Tracxn in November expanded its employee stock option plan by allotting 4,47,036 equity shares to eligible employees under Employee Stock Option Plan 2016.

Tracxn closed the last trading session (February 10) at INR 69.47 apiece on the BSE.