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Tracxn continues to report flat revenue in Q3 FY25; slips into losses

EntrackrEntrackr · 2d ago
Tracxn continues to report flat revenue in Q3 FY25; slips into losses
Medial

News All Stories Tracxn continues to report flat revenue in Q3 FY25; slips into losses Data and research platform Tracxn announced its financial results for the third quarter of FY26 on Thursday. The Bengaluru-based company reported flat revenue in Q3 FY26 with a loss of Rs 81 lakh. Mukul Manchanda 05 Feb 2026 16:40 IST Follow UsData and research platform Tracxn announced its financial results for the third quarter of FY26 on Thursday. The Bengaluru-based company reported flat revenue in Q3 FY26 with a loss of Rs 81 lakh. Tracxn's revenue from operations decreased marginally by 2% to Rs 21 crore in Q3 FY26, compared to Rs 21.4 crore in Q3 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. Tracxn derived its entire operating revenue from subscription sales that provide access to its data and software. However, the firm did not disclose a detailed revenue breakdown for the quarter. The company also earned Rs 1.57 crore from non-operating sources. This took Tracxn’s total revenue to Rs 22.6 crore in the third quarter of FY26. Founded by Abhishek Goyal and Neha Singh, Tracxn specializes in tracking startups and private companies across diverse sectors. Backed by prominent investors like Accel Partners, Peak XV Partners, and Elevation Capital, Tracxn serves subscribers in over 40 countries. On the cost side, employee benefits remained the largest cost center for the company, which accounted for 88% of its total expenditure. This expense increased by 5.3% year-on-year to Rs 20 crore in Q3 FY26. Overall, Tracxn's total costs grew by approximately 8.6% to Rs 22.8 crore in Q3 FY26. The company booked Rs 94 lakh in exceptional items due to the statutory impact of new labour codes. This led to a loss of Rs 81 lakh in the quarter compared to a profit of Rs 1.42 crore in Q3 FY25. For the first nine months of FY26, Tracxn’s operating revenue stood at Rs 63.3 crore, while its losses surged over 2.6X year-on-year to Rs 5.25 crore. At the end of today’s trading session, Tracxn’s share price closed at Rs 34.55. This valued the company at a market capitalization of Rs 368.6 crore ($41 million). Notably, the company’s share price declined 34% from Rs 52.6 crore in last quarter and market Capitalization of Rs 559 crore ($63 million). Tracxn’s Q3 FY26 performance shows pressure on both growth and profitability. Operating revenue remained flat while costs, led by employee expenses, continued to rise, resulting in a loss. Exceptional items added to the impact during the quarter. With subscription revenue unchanged and losses widening over the nine-month period, the company needs to improve cost efficiency and revive growth to stabilise performance.

Zoomcar’s scale shrinks 19% in Q3 FY24, improves bottom line

EntrackrEntrackr · 1y ago
Zoomcar’s scale shrinks 19% in Q3 FY24, improves bottom line
Medial

Zoomcar has announced its financial results for the quarter ending December 2023 or Q3 FY24. The company’s scale slipped nearly 19% on a yearly basis but it also turned profitable during the period. The improvement in the bottomline is the result of a one-time gain. We will detail this later in the story, for now, let’s decode its revenue streams and operations. The NASDAQ-listed company’s net revenue declined 18.8% to $2.42 million (Rs 20 crore) during the third quarter of the ongoing financial year in contrast to $2.98 million (Rs 24.7 crore) recorded in Q3 FY23, as per the company’s filings sourced from the US’ Securities and Exchange Commission. “Our third fiscal quarter results capped a strong performance in our ongoing efficiency efforts as we achieved record gross profit and non-GAAP contribution profit while also paving the way for meaningful revenue growth over the next several quarters,” said Greg Moran, CEO and co-founder of Zoomcar. In December, Zoomcar inked a merger agreement with Innovative International Acquisition Corp and subsequently became a publicly listed entity. The decade-old company operates across more than 50 cities globally (majorly in India) and has over 3 million active users and over 25,000 vehicles registered on its marketplace. Coming to expenses, operating cost of the company (excluding G&A costs) shrank 24% to $2.2 million (Rs 18.26 crore) in Q3 of FY24 from $2.9 million (Rs 24 crore) in the same quarter of the last fiscal year. As per the company, the decrease in operating expenses was a result of a decrease in sales and marketing costs and technology and development costs. At the end, Zoomcar posted $14.4 million (Rs 119.52 crore) profits as compared to $8.7 million (Rs 72.21 crore) net loss in the same period last year. This improvement was primarily due to a one-time gain of $28.9 million from a deSPAC transaction, which involved financial instrument conversions at fair market value. Additionally, the company enhanced its gross margin profile and saw a decrease in host accident-related reimbursements during the period. As per the filings, adjusted EBITDA loss of the company improved to $4 million from $5.2 million in the same period last year, this could be attributed to the cost reduction measures the company had undergone during the period. As of December 31, 2023, the company had total negative working capital of $26.2 million, including $6.1 million in cash. The Indian entity of Zoomcar saw its revenue decline for the first time in FY23. As per its regulatory filing in India, the company’s revenue from operations declined to Rs 69 crore ($8.3 million) in FY23 from Rs 95 crore ($11.4 million) in FY22.

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