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Tracxn posts INR 2.2 Cr in PAT in Q3; Operating revenue grows 4.4% YoY

Tracxn posts INR 2.2 Cr in PAT in Q3; Operating revenue grows 4.4% YoY

Market intelligence platform Tracxn Technologies reported a 64% decline in profit after tax (PAT) for the December quarter of FY24, compared to the same period last year. However, excluding exceptional gains, Tracxn's PAT increased by 55% year-on-year. The company's operating revenue grew by 4.4% YoY. Tracxn aims to improve customer acquisition and expansion as the market opens up further. It is also focusing on paid customer engagement and account expansion. Tracxn's total expenses decreased marginally, and it plans to set up separate teams for customer expansion and engagement initiatives.

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