Tracxn Reports Stagnant Revenue and Profit Decline in Q3 FY25

Tracxn has encountered difficulties in the most recent quarter as its revenue has remained unchanged, while its profits have dropped by 36% in the quarter concluding December 2024. The revenue from operations for Tracxn remained at Rs 21.39 crore in Q3 FY25, in comparison to Rs 21.14 crore during Q3 FY24, based on unaudited financial documents obtained from the National Stock Exchange (NSE).

Operational Revenue Sources

Tracxn’s entire operational revenue stems from subscription sales, which provide access to its extensive data and software. Nevertheless, the firm based in Bengaluru did not disclose a detailed revenue classification for the quarter.

Additional Revenue from Non-Operating Sources

The company also accrued Rs 1.5 crore from non-operating activities, bringing Tracxn’s total revenue to Rs 22.89 crore in the last quarter.

Cost Structure of Tracxn

Employee benefits have constituted the largest portion of expenses for Tracxn, representing 89% of its overall costs. These expenses rose by 10% year-on-year, increasing to Rs 18.63 crore in Q3 FY25 from Rs 17 crore in Q3 FY24. In total, Tracxn’s overall costs saw a near 9% increase, reaching Rs 20.98 crore in Q3 FY25.

Impact on Profits

Due to the stagnant revenue coupled with an almost 10% escalation in overall expenses, Tracxn’s profits decreased significantly by 36%, dropping to Rs 1.41 crore in Q3 FY25 from Rs 2.21 crore in Q3 FY24.

About Tracxn

Founded by Abhishek Goyal and Neha Singh, Tracxn specializes in monitoring startups and private companies across a range of sectors. It is supported by notable investors such as Accel Partners, Peak XV Partners, and Elevation Capital, and serves subscribers in more than 40 countries.

Market Performance

As of the latest trading session, Tracxn’s share price was Rs 69.5, which gives the company a market capitalisation of Rs 737.19 crore (approximately $85 million).