In Thursday’s trading session, the shares of a data and software platform for the private markets globally surged by 2.4 percent to Rs. 101.78, after reporting financial results for Q1 FY24-25 with a rise in the net profit by 81.4 percent YoY.
With a market capitalisation of Rs. 1,029.3 crores, the shares of Tracxn Technologies Limited opened in the green at Rs. 100.37, as against its previous closing price of Rs. 99.44.
What’s the News:
The fluctuations in the share prices were observed after the company announced the financial results for Q1 FY24-25, through the recent filings with the stock exchanges on Wednesday post-market hours.
The revenue from operations for Q1 FY24-25 stood at Rs. 20.54 crores, marking a 3.6 percent YoY rise from Rs. 19.8 crores in Q1 FY23-24, as well as a 1.08 percent growth quarter-on-quarter from Rs. 20.32 crores in Q4 FY23-24.
The net profit jumped by 81.4 percent YoY to Rs. 1.27 crores in Q1 FY24-25, as against Rs. 0.7 crores in Q1 FY23-24, but on a quarter-on-quarter basis, it declined by 11.2 percent from Rs. 1.43 crores in Q4 FY23-24.
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Tracxn Technologies has been investing in various growth initiatives, spanning across the Go-to-market funnel of marketing, sales and account expansion.
The company believe as the markets open up further, it should see more acceleration than previously in new customer acquisition as well as customer expansion.
Shareholding Pattern:
As per the latest shareholding pattern, the Promoters hold a 34.75 percent stake in the company, Foreign Institutional Investors (FII) hold a 2.43 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 56.49 percent and 6.34 percent stake in Tracxn Technologies, respectively.
As of June 2024 shareholding data available with the BSE, the ace investor Mukul Mahavir Agrawal holds 20 lakh equity shares, representing a 1.92 percent stake, in the company.
Stock Performance
The shares of Tracxn Technologies have delivered positive returns of nearly 14 percent in one year, but around 9.2 percent of negative returns year-to-date.
About the Company:
Founded in 2012, Tracxn Technologies Limited is a leading market intelligence platform providing data and software for the private markets globally.
The company offers comprehensive private company data through its subscription-based platform, used by private market investors and corporates for deal sourcing, identifying M&A opportunities, deal diligence, private markets analysis and tracking emerging themes across industries.
Written by Shivani Singh
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