The shares of the company rose 5% after raising its buyback price to ₹75. Strong Indian market growth and rising large client accounts signal long-term potential amid global presence.
The shares of the Data Processing Services provider gained up to 5 percent in today’s trading session after the company increased the buyback price from Rs 70 per share to Rs 75 per share.
With a market capitalization of Rs 654.52 crore, the shares of Tracxn Technologies Ltd were trading at Rs 61.05 per share, increasing around 2.57 percent as compared to the previous closing price of Rs 59.64 apiece.
Buyback
The shares of Tracxn Technologies Ltd have seen bullish movement after increasing the buyback price from Rs 70 per share to Rs 75 per share. Further, the maximum number of equity shares proposed to be bought back by the company has been reduced from 11.43 lakh shares to 10.67 lakh shares, equivalent to 0.99% of the total number of equity shares.
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Financial & Operational highlights
Looking forward to the company’s financial performance, revenue increased by 4 percent from Rs 20.32 crore in Q4FY24 to Rs 21.14 crore in Q4FY25. Further, during the same time frame, net profit turned into a loss from a profit of Rs 1.43 crore to a loss of Rs 7.58 crore.
This company has a strong global reach, with customers in over 50 countries. International sales are a major driver, accounting for 60% of revenue in FY25. Although the international share has slightly decreased from 70% in FY21, the company maintains a diverse customer base with key markets in India, the USA, the UK, Singapore, and Germany.
In FY25, the company’s total revenue grew by a modest 2%, driven by a robust 18% expansion in the Indian market, which helped offset a 6% decline in international revenue. The number of large client accounts has continued its upward trend, particularly in the 20L+ and 40L+ brackets, indicating solid potential for future growth
Tracxn Technologies Limited offers a data intelligence platform. The Company operates a software-as-a-service (SaaS)-based platform, Tracxn, that scans Web domain. The Company offers customers private company data for deal sourcing, identifying mergers and acquisitions (M&A) targets, deal diligence, and others.
Written by Abhishek Singh
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