The market intelligence platform reported a net profit of INR 1.42 Cr in the quarter ending March 2024, a 36% dip from Q3 FY24’s INR 2.2 Cr
Its operating revenue sank during the quarter to INR 20.31 Cr, a 3% quarter-on-quarter (QoQ) depreciation from last quarter’s INR 21.1 Cr
For the complete fiscal year of FY24, Tracxn’s PAT shrank to INR 6.50 Cr, down 80% from the net profit of INR 33.09 Cr it recorded in the previous fiscal
Market intelligence platform tracxn
Technologies reported a profit after tax (PAT) of INR 1.42 Cr in the quarter ending March 2024 (Q4) in the financial year 2023-24 (FY24). This represents a sequential decline of 36% from Q3 FY24’s INR 2.2 Cr.
However, on a YoY basis, Tracxn has reported a 13% increase in net profits from Q4 FY23’s INR 1.25 Cr.
For the complete fiscal year of FY24, Tracxn’s PAT shrank to INR 6.50 Cr, down 80% from the net profit of INR 33.09 Cr it recorded in the previous fiscal.
However, its operational revenue zoomed by 7% to INR 87.03 Cr in the fiscal from FY23’s INR 81.18 Cr. Its net expenses also witnessed a similar increase, growing 3% to INR 78.35 Cr from last year’s INR 75.72 Cr.
Tracxn’s operating revenue sank during the quarter to INR 20.31 Cr, a 3% quarter-on-quarter (QoQ) depreciation from last quarter’s INR 21.1 Cr.
The number is also marginally down YoY from the INR 20.34 Cr it made in the corresponding quarter of the previous fiscal.
On the other hand, the startup’s total expenses rose to INR 19.68 Cr during the quarter, up 2% QoQ from last quarter’s INR 19.32 Cr, again marginally down YoY from the INR 19.70 Cr in the year-ago period.
