Tracxn Technologies (TRACXN) Q4 20/21 earnings summary

Executive summary

• FY21 revenue from operations rose to INR 437,786.71 thousand from INR 373,342.21 thousand; net loss narrowed to INR 53,476.60 thousand from INR 540,328.37 thousand.

• FY21 results included a non-recurring INR 104,634.48 thousand fair-value gain on CCPS, following waiver of investor buyback rights and reclassification of the instruments to equity.

Financial highlights

• Total income reached INR 557,417.59 thousand, versus INR 63,132.01 thousand in FY20, including INR 109,397.38 thousand in other gains and INR 10,233.50 thousand in other income.

• Total expenses were INR 610,894.19 thousand, versus INR 603,460.38 thousand; employee benefits were INR 538,130.90 thousand, versus INR 512,792.12 thousand.

• Net loss was INR 53,476.60 thousand, versus INR 540,328.37 thousand; basic EPS was INR -0.55, versus INR -5.54.

Outlook and guidance

• Management reported services continued uninterrupted through COVID-19 restrictions, assessed operational disruption as minimal and expected available cash, bank balances and projected inflows to cover obligations over the next 12 months.

• Management noted that the pandemic’s eventual financial impact remained uncertain and would be monitored as economic conditions evolved.