The company had posted a loss of INR 4.66 Cr in the preceding September quarter of FY25 due to deferred tax component
Its revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter
Total expenses increased 8.5% year-on-year (YoY) and 2.3% QoQ to INR 20.98 Cr
Market intelligence company Tracxn
reported a net profit of INR 1.42 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25), down 36% from INR 2.22 Cr in the same quarter of previous fiscal.
The company had posted a loss of INR 4.66 Cr in the preceding September quarter of FY25. In the September quarter, Tracxn’s management “reassessed the recoverability of deferred tax assets on carry forward business losses based on the availability of future taxable profits and reversed deferred tax assets”. This led to an additional burden of INR 6.35 Cr on its bottomline.
“Management has reviewed the recoverability of such deferred tax assets as at December 31, 2024 and concluded that no further adjustment is required in this regard,” the company said.
Meanwhile, its 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.
Including other income of INR 4.9 Lakh and other gain component of INR 1.45 Cr, the company’s total income for the quarter stood at INR 22.90 Cr.
Total expenses increased 8.5% year-on-year (YoY) and 2.3% QoQ to INR 20.98 Cr.
(The story will be updated shortly.)
