Market Intelligence platform Tracxn Technologies’ Q1 FY25 reports indicate that its profit after tax (PAT) has surged by 84.6% to Rs 1.27 crore from Rs 68.93 lakh in Q1 FY24. But the PAT dropped 10.5% QoQ from Rs 1.42 crore in the preceding quarter.
Revenue from operations increased 3.6% YoY to Rs 20.53 crore from Rs 19.82 crore in the quarter ended June 2023 while it grew 1% QoQ.
The firm’s total expenses were Rs 20.27 crore in Q1 FY25 which is 2.1% more than Rs 19.84 crore in the first quarter of FY24. Employee cost contributed the most with Rs 17.67 crore in the quarter under review as compared to Rs 17.37 crore in Q1 FY24.
The information technology services provider was cofounded by Neha Singh and Abhishek Goyal in 2013.
