Tracxn Q1: Profit Remains Almost Flat At INR 1.1 Cr

SUMMARY

Tracxn's profit after tax (PAT) stood at INR 1.1 Cr during the quarter, down 15% from INR 1.3 Cr in the year-ago quarter

In the March quarter, Tracxn had reported a loss of INR 7.6 Cr due to a significant jump in its tax expense outgo

The company's operating revenue stood at INR 21.2 Cr in Q1 FY26, up about 3% from INR 20.5 Cr in the year-ago quarter

After slipping into the red in Q4 FY25, data intelligence company Tracxn returned to the black in the first quarter of FY26. Tracxn’s profit after tax stood at INR 1.1 Cr during the quarter, down 15% from INR 1.3 Cr in the year-ago quarter.

In the March quarter, the company had reported a loss of INR 7.6 Cr due to a significant jump in its tax outgo.

Tracxn’s top line remained flat on a YoY basis in the June quarter. Its operating revenue stood at INR 21.2 Cr in Q1 FY26, up about 3% from INR 20.5 Cr in the year-ago quarter. Sequentially, this figure fell slightly from INR 21.1 Cr in Q4 FY25.

Including other income of INR 1.7 Cr, its total income for the quarter stood at INR 22.9 Cr.

While Tracxn managed to post a profit after tax in the quarter, its EBITDA turned negative in the June quarter. The company reported an EBITDA loss of INR 20 Lakh during the quarter under review as against an EBITDA profit of INR 30 Lakh in the corresponding quarter last year. EBITDA margin also slumped to -0.9% during the quarter from 1.4% in the year-ago quarter.

Meanwhile, expenses rose 6% YoY and declined 3% QoQ to INR 21.4 Cr.

The company also said that it has completed its share buyback worth INR 8 Cr. About a month ago, Tracxn’s board greenlit the buyback of 10.7 Lakh shares at INR 75 apiece.

In its disclosure today, Tracxn said that the buyback officially culminated on August 5. Kotak Pioneer Fund, Premier Investment Fund, Franklin India Technology Fund were among the investors who sold their shares to the company.

Post the completion of the buyback, the shares of the company are now entirely held by its promoters and foreign institutional investors. While the stake of foreign investors, including NRIs and FIIs, has increased to 65.7% post the buyback from a mere 4.5% earlier, the shareholding of the promoters and promoter group in the company has increased slightly to 34.3% from 34%.

Meanwhile, the company’s business remained steady in the quarter. Tracxn’s customer accounts grew 44% YoY to 2,030, with the addition of 104 new customers. However, the number of new customer additions in the previous quarter stood at 227. The contract price for Tracxn also declined to INR 21.6 Cr from INR 22.9 Cr a year ago.

Shares of Tracxn ended today’s trading session 1.7% lower at INR 56.25 on the BSE.