Company Overview

Xchanging Solutions Limited (BSE: 532616, NSE: XCHANGING) submitted its Annual Report for FY 2025-26 and notice for its 25th AGM scheduled for September 15, 2026, via video conferencing.

Financial Performance

Consolidated Results:

  • Net Profit: ₹594.5 crore, up 20% YoY (FY25: ₹495.8 crore)
  • Total Income: ₹2,165.1 crore (FY25: ₹2,019.1 crore)
  • Profit before Tax: ₹767.0 crore, up 21% YoY
  • EPS: ₹5.34 (FY25: ₹4.45)

Standalone Results:

  • Net Profit: ₹369.7 lakhs, up 89% YoY
  • Total Income: ₹708.4 lakhs, up 29% YoY
  • Profit before Tax: ₹404.5 lakhs, up 71% YoY

Dividend Declaration

  • Recommended final dividend of ₹2 per equity share (20% of face value ₹10)
  • Dividend amount: ₹222.8 crore
  • Record date: August 14, 2026
  • Payment within 30 days of AGM approval

Subsidiary Performance

Xchanging Solutions (USA) Inc.:

  • Revenue: ₹1,676.96 lakhs, up 16% YoY
  • PAT: ₹393.35 lakhs, up 47% YoY
  • Strategic gross investment: ₹1,122.4 crore with impairment provision of ₹604.5 crore

Xchanging Solutions Singapore Pte. Ltd.:

  • Revenue: ₹189.16 lakhs, up 21% YoY
  • PAT: ₹36.42 lakhs, up 2% YoY
  • Dividend income received: ₹170.6 crore

Related Party Transactions

Total transactions with DXC group entities amounted to ₹2,513 crore, including:

  • Revenue: ₹2,513 crore
  • Purchase of services: ₹598 crore
  • Royalty: ₹49 crore
  • Dividend income: ₹1,706 crore
  • Dividend paid: ₹1,671 crore

Corporate Governance & Board Changes

  • Board comprised 2 Executive Directors, 3 Independent Directors, and 1 Non-Executive Non-Independent Director
  • Key resolutions for AGM: Re-appointment of Mr. Swaminathan Swaminathan and Mr. Shrenik Kumar Champalal
  • Appointment of Walker Chandiok & Co LLP as new statutory auditors
  • Deloitte Haskins & Sells LLP's term concludes at 25th AGM

Contingent Liabilities

Total contingent liabilities of ₹810.5 crore outstanding:

  • Income tax matters: ₹333.9 crore
  • Service tax matters: ₹471.8 crore (including ₹235.9 crore demand for FYs 2007-08 to 2011-12)
  • GST matters: ₹4.2 crore
  • Bank guarantees: ₹0.6 crore

Other Key Disclosures

  • CSR spent: ₹300 lakh on women's economic resilience and education programs
  • Credit facility of ₹450 crore obtained from Citibank, secured by corporate guarantee from DXC Technology Company
  • 99.92% shares in dematerialized form
  • No material changes affecting financial position between year-end and report date
  • All RPTs were in ordinary course of business and at arm's length

Financial Ratios Improvement

  • Debtor Turnover Ratio: 12.44 (79% improvement)
  • Interest Coverage Ratio: 2024 (243% improvement)
  • Return on Equity: 0.12 (100% improvement)
  • Net Profit Margin: 90% (76% improvement)

Signed By

Mr. Swaminathan Swaminathan (MD & CEO), Mr. Shrenik Kumar Champalal (Whole-time Director & CFO), and Mrs. Radhika Khurana (Company Secretary) on May 21, 2026.