TRACXNNSEQ2 FY26November 05, 2025

Tracxn Technologies Limited

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Key numbers — 40 extracted
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90360 90116 Website: www.tracxn.com November 05, 2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543638 Dear Sir/Madam, To, National Stock Exchange
rs. 2
khs into ₹ Crores for this Presentation hence, there could be some totalling anomalies in the numbers. 2 Tracxn Overview Tracxn is a Data & Software platform for global Private Markets We work with Ven
0.7%
ITABILITY OTHER Revenue from Operations EBITDA (EBITDA Margin) Customer Accounts (#) 21.2 Cr. 0.7% 0.2% YoY QoQ -0.6 Cr. (-3%) 1.5 Cr.YoY 2,143 41% YoY Total Income PAT1 (PAT Margin1)
0.2%
ITY OTHER Revenue from Operations EBITDA (EBITDA Margin) Customer Accounts (#) 21.2 Cr. 0.7% 0.2% YoY QoQ -0.6 Cr. (-3%) 1.5 Cr.YoY 2,143 41% YoY Total Income PAT1 (PAT Margin1) Deferr
3%
rations EBITDA (EBITDA Margin) Customer Accounts (#) 21.2 Cr. 0.7% 0.2% YoY QoQ -0.6 Cr. (-3%) 1.5 Cr.YoY 2,143 41% YoY Total Income PAT1 (PAT Margin1) Deferred Revenue* 22.5 Cr. 1%
41%
argin) Customer Accounts (#) 21.2 Cr. 0.7% 0.2% YoY QoQ -0.6 Cr. (-3%) 1.5 Cr.YoY 2,143 41% YoY Total Income PAT1 (PAT Margin1) Deferred Revenue* 22.5 Cr. 1% YoY 0.5 Cr. (2%) 1.2 C
1%
-3%) 1.5 Cr.YoY 2,143 41% YoY Total Income PAT1 (PAT Margin1) Deferred Revenue* 22.5 Cr. 1% YoY 0.5 Cr. (2%) 1.2 Cr.YoY 34.9 Cr. 0% YoY In INR Note: (1) PAT for Q2 FY26 is excludin
2%
,143 41% YoY Total Income PAT1 (PAT Margin1) Deferred Revenue* 22.5 Cr. 1% YoY 0.5 Cr. (2%) 1.2 Cr.YoY 34.9 Cr. 0% YoY In INR Note: (1) PAT for Q2 FY26 is excluding deferred tax adjus
0%
me PAT1 (PAT Margin1) Deferred Revenue* 22.5 Cr. 1% YoY 0.5 Cr. (2%) 1.2 Cr.YoY 34.9 Cr. 0% YoY In INR Note: (1) PAT for Q2 FY26 is excluding deferred tax adjustments (*) Including profo
1.2%
Revenue from Operations EBITDA (EBITDA Margin) Free Cash Flow1 Customer Accounts (#) 42.4 Cr. 1.2% YoY -0.8 Cr. (-2%) 2.0 Cr. YoY 1.6 Cr. 6.8 Cr. YoY 2,143 41% YoY Total Income PAT3
INR 1.6
al Income PAT3 (PAT Margin3) Cash & Cash Equivalent1,2 Deferred Revenue* 45.4 Cr. 1% YoY In INR 1.6 Cr. (4%) 90.8 Cr. 1.4 Cr. YoY YoY 7% 5.7 Cr. YoY 34.9 Cr. 0% YoY Note: (1) Free Cash
4%
(PAT Margin3) Cash & Cash Equivalent1,2 Deferred Revenue* 45.4 Cr. 1% YoY In INR 1.6 Cr. (4%) 90.8 Cr. 1.4 Cr. YoY YoY 7% 5.7 Cr. YoY 34.9 Cr. 0% YoY Note: (1) Free Cash Flow and
Guidance — 9 items
Historical Annual
opening
cost (89% in FY22, 88% in FY23, FY24 & FY25) ● Cloud Hosting charges are the 2nd largest expense after emp.
Historical Annual
opening
benefit expenses ● No large digital marketing spend for customer acquisition (since we are a data company, we are able to use in-house content to generate organic traffic) 10 H1 FY26: Accelerated Volume Growth Customer Accounts (#) Historical Annual 41% Users (#) Historical Annual 44% 23% CAGR 21% CAGR Note: Customer Accounts and Users are as on respective end of period.
Historical Annual
opening
11 Continued growth in accounts and users H1 FY26: FCF and Cash & Cash Equiv.
LATE-STAGE FUNDING
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FY23 FY24 FY25 1818 Q2 FY26: Greenshoots (2/4) Accelerated India Growth due to vertical BU teams India Geo - Q2FY26 Account & Revenue Growth 44% Revenue from India 16% YoY Rev.
LATE-STAGE FUNDING
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20 Q2 FY26: Greenshoots (4/4) Deferred revenue continues to hold Deferred Revenue (in INR Cr.) Historical Annual 18% CAGR 0% Deferred revenue holds, with steady commitments.
LATE-STAGE FUNDING
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Select initiatives where we are seeing good results and expect further acceleration are as follows: 1 2 3 4 5 6 7 India BU - Significant expansion undertaken to augment datasets for select segments International BU - Distribution Partnership in N.
LATE-STAGE FUNDING
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○ These datasets are particularly relevant for Investment Banking & Private Equity customer segments ● Once this goes live, we should have best-in-class coverage around these datasets ● We expect this will further accelerate customer acquisition, revenue growth and significantly increase our market share.
Select University Accounts
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● We expect further acceleration in this segment as we expand our efforts to key geos 28 4 Specialised Teams (4/5) Corporate Sales ● Specialized team focussed on users from corporate sales, typically looking to scout and analyze companies across sectors and geos for lead generation, market analysis, comps benchmarking, business development mandates, and more ● In addition to augmenting data for this segment - for eg.pincodes, CXO profiles, regular updation of the contact details on the platform.
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We expect continued optimization in the data production units and accelerated throughput of the systems.
Speaking time
Adjustment for
2
Historical Annual
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GLOBAL TECH FUNDING
1
LATE-STAGE FUNDING
1
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Cash Flow from Operating Activities
1
Cash Flow from Investing Activities
1
Cash Flow from Financing Activities
1
Opening remarks
Historical Annual
H1FY26 FY 21 FY 22* FY 23* FY 24 FY 25 42.4 +0.5 (0.8) (2.0) - 43.8 +6.4 (17.1) +5.4 63.5 +19.7 (1.9) +15.1 78.1 +14.7 2.6 +4.5 82.8 +4.7 4.6 +2 84.5 +1.7 0.8 (3.8) 84% 77% 31% 43% - Revenue from operations Incremental Revenue from Operations (Δ) EBITDA Incremental EBITDA (Δ) Incremental EBITDA as a % of Incremental Revenue from Operations (in INR Cr.) Incremental revenue offset by increase in cost Investing aggressively across various growth initiatives Note: (*) EBITDA exclusive of IPO Expenses 9 H1 FY26: Expense Breakup Total Expense (in INR Cr.) Historical Annual 6% 8% CAGR Note: Salaries, Wages & Bonus includes statutory contributions like EPF Total Expense - Breakup (for H1FY26) (in INR Cr.) Employee Benefit Expenses H1FY26 38.0 Cr. Salaries, Wages & Bonus 35.6 Cr. Employee Stock Option Expense 1.5 Cr. Other Employee Benefit Expenses 0.9 Cr. Depreciation Expense Other Expenses 0.1 Cr. 5.2 Cr. Cloud Hosting Charges 1.2 Cr. Rent for Building 1.1 Cr. Remaining Other Expenses 2.8 Cr.
LATE-STAGE FUNDING
(proxy # new unicorn rounds) CY25 run-rate shows continued recovery Source: Internal Estimates CY25 annualised numbers basis first 6 months 16 Private Markets - Quick snapshot (2/2) Recovery in Global M&A deal value and IB fees Global M&A (in USD Tn.) M&A advisory fees (in USD Bn.) Source: Report on Global Mergers and Acquisitions Review and Report on Global Investment Banking Review GLOBAL M&A: Recovery in M&A value CY25 run-rate shows continued recovery IB M&A ADVISORY FEES: CY25 run-rate shows continued recovery 17 Q2 FY26: Greenshoots (1/4) Continued high overall volume growth Customer Accounts (#) Customer Accounts - Net Addition Volume growth continues to be high Note:. Customer Accounts are as on respective end of period. FY23 FY24 FY25 1818 Q2 FY26: Greenshoots (2/4) Accelerated India Growth due to vertical BU teams India Geo - Q2FY26 Account & Revenue Growth 44% Revenue from India 16% YoY Rev. from India 50% YoY #Account ● ● ● India BU growth continues to be robust In Q2FY26,
Select University Accounts
UK Australia Germany France USA Mumbai Calcutta Lucknow Note: (*) Accounts on library / department pack in this segment Hyderabad 26 4 Specialised Teams (2/5) Startups Accelerators & Incubators ● We continue to see high volume of inbound leads from startups ● Though they are served by the same platform, they have a differentiated use case eg. Fundraising, Competitor analysis, Market research, Business development etc. ● Introduced custom sales pitch for companies at different stages in life cycle and as per use cases ● Launched additional features on the platform for this segment - eg. profile views, to connect with investors visiting their company profiles, contribution engine allowing founders to maintain and update their profiles ● 50% revenue in this segment was from international customers in Q2FY26 ● Focusing on customers across private incubators, government incubators, universities and corporates globally ● One key use case is to facilitate fundraising of portfolio companies, s
Adjustment for
Depreciation expense Net (gain)/ loss on disposal of Property, plant and equipment Net gains on sale of investments Net fair value gains on financial assets measured at fair value through profit or loss Interest on income tax refund Interest income from bank deposits measured at amortised cost Employee stock option expense Impairment loss/ (reversal) on financial assets Unrealised Exchange Difference (net) Operating Profit / (Loss) before working capital changes
Adjustment for
(Increase)/ decrease in trade receivables (Increase)/ decrease in other financial assets (Increase)/ decrease in other assets Increase / (decrease) in trade payables Increase / (decrease) in contract liabilities Increase / (decrease) in employee benefit obligations Increase / (decrease) in other financial liabilities Increase / (decrease) in other liabilities Cash generation from Operations Income taxes paid (net of refunds received, including interest thereon) Net Cash Flow from/ (used in) Operating Activities 2.08 0.07 0.01 (2.29) (0.57) (0.15) (0.01) 1.46 (0.02) 0.02 0.59 0.47 0.23 0.23 0.05 (0.61) 0.70 0.15 (1.40) 0.39 0.63 1.02 3.98 0.04 - (0.36) (2.34) (0.11) (0.06) 2.17 0.20 0.03 3.56 4.65 1.60 0.25 (0.03) (1.49) 0.60 (0.06) (1.31) 7.75 0.18 7.93 In INR Cr. 51 Cash Flow Statement (2/2) Particulars
Cash Flow from Investing Activities
Payments for purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Funds invested in bank deposits Proceeds from sale of investments Payments for purchase of investments in mutual funds Advance for investment in mutual funds Interest received Net cash inflow /(outflow) from investing activities
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