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Tracxn slips into losses in Q4 FY25 amid flat revenue

EntrackrEntrackr · 3m ago
Tracxn slips into losses in Q4 FY25 amid flat revenue
Medial

Data and research platform Tracxn announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Monday. The firm slipped into losses during the quarter, while its revenue grew by a mere 5% over the same period. Tracxn's revenue from operations stayed flat at Rs 21 crore in Q4 FY25, compared to Rs 20 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Tracxn’s operating revenue increased 2% to Rs 84.5 crore in FY25 from Rs 83 crore in FY24. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.7 crore in the fourth quarter. Meanwhile, for the full fiscal year (FY25), total income stood at Rs 90.36 crore. Employee benefits remained the largest cost center for Tracxn, accounting for 86% of its total expenditure. These expenses increased by 5.6% year-on-year, rising to Rs 19.36 crore in Q4 FY25 from Rs 17.77 crore in Q4 FY24. Overall, Tracxn's total costs grew by approximately 10%, reaching Rs 22 crore in Q4 FY25. For the fiscal year ending March 2025, total expenses increased to Rs 84 crore. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn to slip into losses. The company’s loss after tax stood at Rs 8 crore in Q4 FY25 from a profit of Rs 1.42 crore in Q4 FY24. However, the company reported a profit before tax of Rs 73 lakhs. Meanwhile, for the full fiscal year (FY25), its losses stood at Rs 9.5 crore. The company recently approved an ESOP grant of over 2 lakh shares, valued at Rs 41.6 lakh. As of the last trading session, Tracxn’s share price was Rs 63, giving the company a market cap of Rs 674 crore ($79 million).

Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability

EntrackrEntrackr · 29d ago
Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability
Medial

Fractal crosses Rs 2,700 Cr revenue in FY25, regains profitability Fractal, a data analytics and AI solutions company, has filed its draft red herring prospectus (DRHP) with SEBI to raise up to Rs 4,900 crore through a mix of fresh issue and offer for sale (OFS). Its financial statement shows the company regaining profitability with revenue growth of 26% in the fiscal year ending March 31, 2025. Fractal’s revenue from operations grew 26% to Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24, as per its consolidated financial statements sourced from the draft red herring prospectus (DRHP). The company derives nearly all of its revenue from analytical services, which contributed Rs 2,701 crore in FY25, up 24% from the previous year. Subscription income surged 167% to Rs 64 crore, pushing overall top-line growth. Fractal’s revenue base continues to be dominated by the US market, which contributed Rs 1,802 crore in FY25, up 33% from Rs 1,358 crore in FY24, and accounted for 65% of total operating revenue. Revenue from Europe grew 12.56% to Rs 484 crore, making up 17.5% of the total. India contributed Rs 232 crore, a 22% increase from the previous year, representing 8% of revenue. The revenue from the rest of the world rose 13% to Rs 247 crore. Fractal’s customer relationships remained a key driver of growth. Its Net Revenue Retention in the Fractal.ai segment stood at 121.3% in FY25, up from 110.2% in FY24, reflecting strong client retention and expansion through upsells and cross-sells. The firm has served its top 10 clients by revenue in the Fractal.ai segment who contributed 54% to segment revenue in FY25 for an average of more than eight years. On the expense front, employee benefit costs remained the largest outgo at Rs 2,005 crore, accounting for 78% of the total, and grew 15% over FY24. Depreciation expense increased by 23% to Rs 102 crore, while outsourced manpower costs decreased by 3.33% to Rs 58 crore. Marketing expenses dropped by 31.58% to Rs 13 crore. Legal and professional fees climbed 13% to Rs 52 crore. Overall, Fractal’s total expenses rose 14.4% to Rs 2,575 crore in FY25, slower than the pace of revenue growth. As a result, the company swung to profitability, posting Rs 221 crore in net profit, in contrast to a loss of Rs 55 crore in FY24. On a per-unit basis, the company spent Rs 0.93 to earn a rupee in FY25. Its ROCE and EBITDA margin stood at 12.97% and 14.13% respectively. The analytics company had current assets worth Rs 1,625 crore, including Rs 288 crore in cash and bank balances in FY25. As per the DRHP, TPG Fett is the largest external stakeholder with 25.67% followed by Apax Partners-owned Quinag Bidco, which commands 18.78% in the company. GLM Family Trust, which owns 15.7% of the cap table.

CarDekho Group’s revenue slips due to closure of used car biz; InsuranceDekho shines

EntrackrEntrackr · 9m ago
CarDekho Group’s revenue slips due to closure of used car biz; InsuranceDekho shines
Medial

CarDekho Group, which operates platforms like CarDekho, InsuranceDekho, BikeDekho, PriceDekho, Rupyy.com, has posted a modest 3.5% drop in its revenue FY24. However, the Jaipur-based firm managed to cut down losses by 40% in the same period. CarDekho revenue from operations fell to Rs 2,250 crore in the fiscal year ending March 2024, from Rs 2,332 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies show. The dip in revenue was due to the closure of the used car business, as explained by founder and CEO Amit Jain in a conversation with Entrackr. Meanwhile, the group’s insurance segment achieved remarkable growth, surging approximately 8X during the past fiscal year. The transaction business is CarDekho's largest revenue contributor, accounting for 41% of its total operating revenue. This includes performance-based advertisements for automakers, dealer-customer connections, and financial services for buyers. The segment grew by 16.5% in FY24, reaching Rs 930 crore. Income from insurance broking (InsuranceDekho - ID) emerged as the second largest revenue grocer for CarDekho which formed 33% of the group’s revenue. Income from ID surged 7.8X to Rs 743 crore in FY24. Advertising, digital marketing, the sale of used cars, and other allied services contributed Rs 384 crore, Rs 176 crore, and Rs 17 crore, respectively. The company also added Rs 143 crore of other income (non-operating), making a total revenue of Rs 2,393 crore in FY24. The PeakXV-backed-company allocated 26% of its total expenses to advertising and promotions, which fell 13.6% to Rs 700 crore in FY24. Employee benefits were another significant expense, holding steady at Rs 642 crore, including Rs 74 crore in ESOP costs (non cash in nature). With the hyper-growth in the insurance segment, the related expenditure spiked 37X to Rs 301 crore in FY24. CarDekho spent Rs 547 crore and Rs 177 crore on outsourcing manpower and purchase of old cars in FY24. Its legal, technology, travel, and other overheads took the overall to Rs 2,669 crore in FY24 from Rs 2,921 crore in FY23. Despite closing its used car retail business, the group's other segments performed well and managed to cut losses by 40% to Rs 340 crore in FY24, down from Rs 566 crore in FY23. Its ROCE and EBITDA margins improved to -9.2% and -9.1% respectively. Cardekho expense expense-to-earning ratio stood at Rs 1.19 in the previous fiscal. The IPO bound firm has total current assets of Rs 3,084 crore including the cash and bank balances of Rs 688 crore in FY24.

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