Tracxn Technologies Q2 FY27 results: net loss narrows to ₹4.13 crore, revenue up 0.2%

How did Tracxn Technologies perform in Q2 FY27?

Tracxn Technologies reported standalone revenue from operations of ₹21.30 crore in Q2 FY27, against ₹21.25 crore in Q2 FY26 and ₹21.08 crore in Q1 FY27. Total income was ₹22.68 crore, against ₹22.49 crore in the year-ago quarter and ₹22.60 crore in the previous quarter. The figures were reported on a standalone basis.

EBITDA was a loss of ₹5.95 crore in Q2 FY27, compared with a loss of ₹0.58 crore in Q2 FY26 and ₹4.23 crore in Q1 FY27. The EBITDA margin was -27.9%, against -2.7% a year earlier and -20.1% in the previous quarter. The company reported a net loss of ₹4.13 crore and basic EPS of ₹0.39; in Q2 FY26, the net loss was ₹5.56 crore and basic EPS was ₹0.52.

What changed in Tracxn Technologies' costs and profit?

Total expenses increased to ₹27.32 crore in Q2 FY27 from ₹21.86 crore in Q2 FY26, a difference of ₹5.46 crore. Employee cost rose to ₹23.33 crore from ₹19.04 crore, a difference of ₹4.29 crore, while other expenses increased to ₹3.92 crore from ₹2.78 crore, a difference of ₹1.14 crore. Depreciation was ₹0.07 crore against ₹0.04 crore, while cost of materials and finance costs remained unchanged.

Other income was ₹1.38 crore in Q2 FY27, compared with ₹1.24 crore in Q2 FY26, a difference of ₹0.14 crore. There was no exceptional item. Tax was ₹0.52 crore, compared with ₹6.19 crore in Q2 FY26, a difference of ₹6.71 crore. Against Q1 FY27, total expenses rose by ₹1.95 crore, employee cost by ₹1.35 crore and other expenses by ₹0.59 crore, while other income fell by ₹0.14 crore.

How did the first half of FY27 go?

In the first half of FY27, revenue from operations was ₹42.38 crore, compared with ₹42.45 crore in H1 FY26, a difference of ₹0.07 crore. Total income was ₹45.27 crore against ₹45.37 crore, a difference of ₹0.10 crore. The company reported a profit before tax loss of ₹7.42 crore, compared with a profit before tax of ₹2.08 crore in H1 FY26.

The net loss for H1 FY27 was ₹7.14 crore, compared with a net loss of ₹4.44 crore in H1 FY26, a difference of ₹2.70 crore. Basic EPS was ₹0.67 against ₹0.42 in H1 FY26. The presentation reported H1 FY27 revenue of 42.4 Cr, total income of 45.3 Cr and PAT of -7.1 Cr.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹95.66 crore, compared with ₹98.20 crore at 31 March 2026. Total equity was ₹46.48 crore against ₹52.55 crore at the previous balance sheet date, while borrowings remained unchanged at ₹0.00 crore. Cash and cash equivalents were ₹1.04 crore, compared with ₹0.00 crore at 31 March 2026.

Trade receivables were ₹1.59 crore at 30 September 2026, compared with ₹2.50 crore at 31 March 2026, and trade payables were ₹0.64 crore against ₹0.69 crore. H1 FY27 operating cash flow was negative ₹5.96 crore, compared with ₹1.02 crore in H1 FY26. Investing cash flow was ₹5.12 crore against ₹5.63 crore, financing cash flow was ₹0.02 crore against negative ₹8.40 crore, and capital expenditure was ₹0.12 crore against ₹0.20 crore.

How has Tracxn Technologies done over the last 8 quarters?

Revenue was broadly flat across the reported quarters, from ₹21.39 crore in Q3 FY25 to ₹21.30 crore in Q2 FY27. Profit was highest at ₹1.42 crore in Q3 FY25 and lowest at a net loss of ₹7.58 crore in Q4 FY25; the current quarter’s net loss was ₹4.13 crore. EBITDA margin fell from 2.1% in Q3 FY25 to -27.9% in Q2 FY27, with the lowest reported margin in the current quarter.

What else did the company announce?

The company filed a Board Meeting Intimation on 30 October 2026 for consideration of the unaudited financial results for the quarter and half-year ended 30 September 2026. The filing stated that the trading window, closed from 1 October 2026 for designated persons and their immediate relatives, would reopen after 48 hours from declaration of the results. On 4 November 2026, the Board approved the unaudited quarterly and half-year results, the statement of assets and liabilities and the cash flow statement; the same-day filings did not state a dividend, fund raise or appointment.

What did Tracxn Technologies' management say?

Management said in the investor presentation that India growth had reached a ~30% annualised run-rate and was expected to accelerate further. It expected the international rollout to accelerate growth over the coming quarters, while the international sales and data investment was expected to cause a one-time cost step-up, with profitability expected thereafter. The path back to profitability assumed low single-digit annual cost growth, aided by AI steadily lowering data-production costs.

Management said the go-to-market team planned to nearly double closing sales capacity, from 34 members in December 2025 to 60 by December 2026; 56 of the 60 positions had been filled by September 2026. It also planned to expand the specialised-business-unit model across listed India and international teams and continue data investment, including legal entities expanded to 3.6M and captables and shareholding data up 5X.

Management identified global tech-funding deal volume at a 10-year low, even as invested dollars rose, as a risk. It also said operating metrics rely on internal data and estimates, with possible algorithm or technical errors, methodology differences and retrospective adjustments. The presentation reported customer accounts of 2,419, up 13% year on year, and deferred revenue of ₹38.1 crore, up 9.0% year on year.