Tracxn Financial Results for Q2 FY26 Analysis

Tracxn, a prominent data and research platform, revealed its financial performance for the second quarter of FY26 on Wednesday. The company’s revenue exhibited minimal change during Q2 FY26, with a noticeable shift into losses on a quarter-to-quarter basis.

Revenue Details for Q2 FY26

In Q2 FY26, Tracxn reported a 1% decrease in revenue from operations, amounting to Rs 21.24 crore, compared to Rs 21.39 crore in Q2 FY25, based on financial statements obtained from the National Stock Exchange (NSE). However, on a half-year basis, Tracxn’s operating revenue showed a modest rise of 1.2%, reaching Rs 42.44 crore in H1 FY26, up from Rs 41.93 crore during H1 FY25.

The entirety of Tracxn’s operating revenue stemmed from subscription sales, which provide customers access to its extensive data and software. Nonetheless, the Bengaluru-based firm did not disclose a detailed revenue breakdown for the quarter.

Additional Financial Insights

Tracxn generated Rs 1.24 crore from non-operating sources, bringing the total revenue for the second quarter to Rs 22.48 crore. Employee benefits constituted the most significant expenditure, accounting for 87% of the overall costs. This expense rose by 4.6% year-on-year, climbing to Rs 19 crore in Q2 FY26, up from Rs 18.2 crore in Q2 FY25. Overall costs for Tracxn experienced an increase of approximately 6.7%, reaching Rs 21.86 crore during Q2 FY26.

Company Losses and Market Position

During this period, Tracxn’s loss decreased to Rs 5.56 crore in Q2 FY26, compared to Rs 4.65 crore in Q2 FY25. It is noteworthy that the company had previously reported a profit of Rs 1.11 crore in the preceding quarter (Q1 FY26). As of 14:01 PM, Tracxn’s share price is trading at Rs 52.61, contributing to a market capitalization of Rs 559 crore ($63 million).