| Revenue growth | Revenue ₹21.3 Cr, +1.1% QoQ; India +6.9% QoQ, total nearly flat. |
|---|---|
| Margins | No Q2 margin expansion; claims 80% incremental-to-EBITDA conversion historically. |
| Demand visibility | Deal volume at ten-year low; MA rebound cited, not quantified. |
| Management confidence | Over-optimistic: 'encouraging', 'strong' framing amid losses and flat revenue. |
Growth
Total revenue +1.1% QoQ only. 'India 30% annualized' extrapolates one quarter's 6.9% QoQ. Customers +13%, users +16%, deferred revenue +9% YoY.
Outlook
Closing sales team ~60 by December 2026; cost growth back to low single-digit in 1-2 quarters. No revenue growth figure guided.
Risks
Revenue flat near ₹20 Cr/quarter since 2023. EBITDA and H1 FCF (-₹6.1 Cr) negative. Sales hiring ramp adds cost before revenue shows.
Last quarter's promises, checked
Delivered
- India 15–20% annualised → +6.9% QoQ (≈30% annualised, one quarter) (= BEAT)
- IB growth 'to go even further' from ~8% QoQ → ~11% QoQ (= BEAT)
Partly delivered
- AI-native access contributes revenue in FY27 → products live, revenue unquantified (= PARTIAL)
- Closing sales team ~34 → ~60 by Dec-26 → current headcount not disclosed (= PARTIAL)
Missed
- EBITDA expansion once growth re-accelerates → EBITDA -₹4.2 Cr to -₹5.9 Cr, revenue +1.1% QoQ (= MISS)
- International impact visible this quarter → total revenue +1.1% QoQ, no intl split disclosed (= MISS)
- ASP ~₹3.6 lakh/account stabilising → new wins skew lower-priced; customers +13% vs revenue +1.1% (= MISS)
Earnings Call Transcript filed with NSE, NSE: TRACXN. Summary written with AI assistance from the document.
Tracxn Technologies Ltd: key numbers
- Share price
- ₹32.22
- Market cap
- ₹344.7 Cr
- Revenue (annual)
- ₹83.97 Cr
- Net profit (annual)
- ₹-7.89 Cr
- P/E (TTM)
- -28.7×Sector 23.6×
- Promoter holding
- 34.61%-0.02% QoQ
- FII holding
- 0.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tracxn Technologies Ltd
All →Tracxn Technologies Investor Presentation: Key Takeaways
Q2FY27 revenue ₹21.3 Cr (+0.3% YoY), EBITDA -₹5.9 Cr, PAT -₹4.1 Cr. Management is investing in India and international sales and data, targeting a return to profitability.
Tracxn Technologies Q2 FY27 Results: Net Loss of ₹4.1 Cr, Loss Narrows
Tracxn Technologies Ltd reported revenue from operations of ₹21.3 Cr (+0.5% YoY) and a net loss of ₹4.1 Cr for Q2 FY27.
- Key figure
- Net loss ₹4.1 Cr
Tracxn Technologies Board Meeting Date
Tracxn Technologies will hold a board meeting on 4 November 2026 to approve unaudited results for the quarter and half-year ended September 30, 2026. The trading window reopens 48 hours after the results.
Tracxn Technologies Other Announcement
Tracxn Technologies Ltd submitted its quarterly shareholding pattern as of September 30, 2026, in compliance with SEBI regulatory requirements.
Tracxn Technologies Product Launch
Tracxn Technologies has launched its AI Suite, an integrated tool designed to streamline business research by enabling natural-language queries directly within existing AI workflows.
Tracxn Technologies Employee Stock Options
Tracxn Technologies Limited allotted 18,620 equity shares to employees upon the exercise of options granted under its Employee Stock Option Plan 2016.