Tracxn Technologies Ltd (TRACXN) — concall transcript | 30 June 2026

Tracxn reported Q1 FY27 revenue of ₹21.1 crores (2.9% QoQ), with a ₹4.2 crore EBITDA loss and [amount context mismatch] crore PAT loss, while customer base grew 16% YoY to 2,350 accounts and users rose 22% to 6,534. Cash reserves stood at ₹88.2 crore, and deferred revenue hit an all-time high of ₹38.8 crore (6% QoQ), driven by enterprise deals with UBS, Google, and OpenAI. International revenue grew 1.4% QoQ, contributing 50% of total, as the company scaled its sales team to 60 by December 2026 and expanded verticals like investment banking (20 new monthly customers). Market tailwinds from private funding and M&A were cited, with AI-native data tools and Tracxn Lite driving organic traffic (7.9 million visits) and 300K+ signups. Expenses rose 18% YoY to ₹25.4 crore, with team costs at 87%, but management targets 10% annualized expense growth. The focus remains on accelerating revenue through vertical-specific playbooks and global replication of India’s success.