Xelpmoc Design and Tech Limited conducted an earnings conference call on June 01, 2026, at 04:30 p.m. to discuss operational and financial performance for Q4 and FY26 ended March 31, 2026. The transcript was submitted to the National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI Listing Regulations.

Financial Performance

  • Consolidated operating revenue for Q4 FY26: INR10.8 million
  • Q4 FY25 comparison: INR7.1 million (52% increase YoY)
  • Q3 FY26 comparison: INR11.2 million (3.6% decrease QoQ)
  • 100% of revenues from corporate segment
  • Team size: 63 employees (including interns and consultants), up from 59 in Q3 FY26
  • Company has served 65 clients to date
  • Runway available: 10-12 months of operations

Investment Portfolio Update

Fair value of investments in portfolio companies stood at approximately INR726.8 million (INR72.67 crores) as of March 31, 2026, compared to INR631.8 million as of March 31, 2025.

Key Portfolio Companies:

Mihup: Conversation AI platform with industry-leading voice-to-text accuracy and hybrid architecture

  • Contracted ARR: INR1 billion
  • Key clients: Tata Motors, Canara HSBC, Angel Broking, Pine Labs, HDFC
  • Signed multimillion-dollar contract with Tata Motors

Woovly: Operates video commerce marketplace and SaaS offering Live2.ai

  • Live2.ai ARR: USD4.1 million
  • 245 brands utilizing platform
  • EBITDA positive status
  • Enterprise clients: Henkel, L'Oreal, Samsonite, Titan, Decathlon, Unilever

Pencil: Creator economy platform empowering writers

  • Launched AI-generated audio support with Google India grant
  • Produced AI-generated books in multiple languages
  • Signed USD950,000 service deal for 36 months
  • Revenue for Jan-Mar 2026: INR320 lakhs

The Star In Me (TSIM): Learning-as-a-service platform

  • FY26 revenue: INR3.4 crores (corrected from INR3.5 crores)
  • New clients: 7-Eleven, Cognizant, Hexaware, Salesforce
  • Enhanced platform with new features

Kids Stop Press (KSP): Parenting journey support platform

  • FY26 revenue: INR201 lakhs
  • Monetized through brand partnerships and subscriptions
  • 75% platform traffic from first-time parents aged 25-34

Biome: Venture studio with investments including:

  • Zoop.Money: White-label loan platform for homebuyers
  • Surpassed INR300 crores inventory value across 70+ projects
  • Completed deep core-banking integration with ICICI Bank
  • Sanction scale up by 3.75x
  • OsteoForge: IIT Hyderabad spinout developing resorbable implants
  • Biome increased investment to INR4 crores (from initially planned INR2 crores)
  • Valuation increased 2.5x to INR100 crores within 5 months
  • Signed MoU with Manipal Group for clinical trials
  • Moving toward CDSCO license
  • Evaluating investment in SuprAgent (agentic UI layer)

Product Development Update

DocuXray: AI platform for document processing and analytics (new avatar of Xtract)

  • Focus on local compute and private knowledge security
  • Addressing corporate communication guardrails and hallucination prevention
  • Secured some contracts with corporate clients
  • Multiple POCs in progress (2-3 completed, 2-3 ongoing)
  • Focus sectors: BFSI, real estate, compliance

RELY: Agetech platform for senior living, assisted living, and home care operators

  • Launched out of stealth in Q1
  • Subscription-based SaaS model (per bed/apartment per month)
  • Typically annual or 2-year contracts
  • Current traction: Couple hundred residents under management across 6 centers in Western India
  • Pipeline: Several times current numbers for coming quarter
  • Adopted by large South India-based organization

Signal Analytics: EdTech platform facing market challenges

  • Exploring corporate training and skill development applications
  • Inventory potentially deployable with DocuXray

Business Strategy

  • Maintaining focus on corporate segment, particularly data science, AI, and machine learning
  • Developing in-house products rather than onboarding new startups (unless exceptional opportunities)
  • Working with GTM companies through revenue share agreements instead of direct sales hiring
  • Committed to achieving EBITDA profitability
  • Startups typically engaged at incorporation stage, pre-funding, or pre-revenue stage

Management Commentary

  • Startup ecosystem experiencing significant challenges with funding volatility
  • Conversion from POC to order booking taking longer than expected (3-4+ months)
  • Emphasis on edge computing, privacy, and local intelligence as competitive advantages
  • Portfolio model expected to yield long-term value with 3-4 big successes
  • Company has found focus after previous challenges with government projects

Q&A Highlights

  • Management declined to provide FY27 targets, citing disclosure limitations
  • RELY platform seeing traction in assisted living segment with senior living deployments in negotiation
  • Signal Analytics facing headwinds in EdTech sector but exploring adjacent markets
  • Company DNA remains focused on startup investments despite current pause
  • Portfolio valuation approach is conservative, based on actual transactions