Key Events and Approvals

The Board of Directors meeting held on May 26, 2026 (commencing at 18:30 Hrs and concluding at 19:59 Hrs) approved:

  • Audited Standalone Financial Results for quarter and year ended March 31, 2026
  • Audited Consolidated Financial Results for quarter and year ended March 31, 2026
  • Statutory Auditor's report on both standalone and consolidated financial results

Standalone Financial Performance (₹ in lakhs)

Quarterly Performance (Q4 FY26)

  • Income from operations: ₹1,884.18 lakhs (vs ₹1,743.24 lakhs in Q4 FY25)
  • Other income (Net): ₹102.44 lakhs
  • Total Income: ₹1,922.89 lakhs
  • Total Expenses: ₹1,748.00 lakhs
  • Profit before tax: ₹238.53 lakhs (vs loss of ₹30.89 lakhs in Q4 FY25)
  • Net profit after tax: ₹168.35 lakhs (vs loss of ₹27.28 lakhs in Q4 FY25)
  • Basic and Diluted EPS: ₹0.13 (vs ₹-0.02 in Q4 FY25)

Annual Performance (FY26)

  • Income from operations: ₹7,243.68 lakhs (vs ₹7,171.24 lakhs in FY25)
  • Other income (Net): ₹411.52 lakhs
  • Total Income: ₹7,655.20 lakhs
  • Total Expenses: ₹6,839.99 lakhs
  • Profit before tax: ₹815.21 lakhs (vs ₹662.66 lakhs in FY25)
  • Net profit after tax: ₹681.45 lakhs (vs ₹456.56 lakhs in FY25)
  • Basic and Diluted EPS: ₹0.49 (vs ₹0.34 in FY25)

Consolidated Financial Performance (₹ in lakhs)

Quarterly Performance (Q4 FY26)

  • Income from operations: ₹8,951.62 lakhs
  • Other income (Net): ₹8.89 lakhs
  • Total Income: ₹8,960.51 lakhs
  • Total Expenses: ₹8,753.87 lakhs
  • Profit before tax: ₹206.64 lakhs
  • Net profit after tax: ₹374.37 lakhs
  • Attributable to shareholders: ₹274.95 lakhs
  • Attributable to non-controlling interest: ₹74.48 lakhs
  • Basic and Diluted EPS: ₹0.20

Annual Performance (FY26)

  • Income from operations: ₹36,872.12 lakhs
  • Other income (Net): ₹52.85 lakhs
  • Total Income: ₹36,924.97 lakhs
  • Total Expenses: ₹35,207.68 lakhs
  • Profit before tax: ₹1,717.29 lakhs
  • Net profit after tax: ₹1,462.09 lakhs
  • Attributable to shareholders: ₹1,127.81 lakhs
  • Attributable to non-controlling interest: ₹300.34 lakhs
  • Basic and Diluted EPS: ₹0.84

Capital Structure and Shareholding

  • Paid-up equity share capital: ₹1,341.24 lakhs (Face value ₹1 per share)
  • Reserves excluding revaluation reserves: ₹18,697.29 lakhs (Standalone)
  • Public shareholding: 50,085,327 shares (38.01%)
  • Promoter and promoter group shareholding: 83,138,378 shares (61.99%)
  • All promoter shares are non-encumbered (100% of promoter holding)

Significant Accounting Notes

1. ESOP/RSU Expenses: The company issued Employee Stock Options (ESOP) and Restricted Stock Units (RSU) under XTGlobal Infotech Limited Employees Stock Benefit Scheme - 2020. This resulted in increased employee costs of ₹32.05 lakhs for Q4 FY26 and ₹206.97 lakhs for FY26, with corresponding increase in reserves.

2. SEZ Unit Exit: During Q2 FY26, the company applied for exit of its SEZ unit at Visakhapatnam branch, approved by SEZ authorities on September 22, 2025. The department recovered GST input tax benefits of ₹36,32,58,370 which had been availed on Property, Plant & Equipment. This amount has been capitalized to respective assets and is being depreciated over remaining useful life.

3. Labour Codes Implementation: On November 21, 2025, Government of India notified four Labour Codes. The company evaluated impact under Ind AS 19 and concluded no significant material impact.

4. Subsidiary Consolidation: Effective December 31, 2024, the company increased its stake in Network Objects Inc from 44.33% to 51.33%, obtaining control. Accordingly, Network Objects Inc has been consolidated from January 1, 2025 onwards. Prior to this, it was accounted under equity method as an associate.

Large Corporate Disclosure

  • Outstanding Long-Term Borrowings at beginning of FY: ₹9.51 lakhs
  • Outstanding Long-Term Borrowings at end of FY: ₹26.64 lakhs
  • Incremental Borrowings during year: ₹26.08 lakhs
  • Borrowings by way of debt securities: ₹0
  • Highest Credit Rating during financial year: NA

Segment Reporting

The company operates in a single reportable segment - IT/ITES.

Cash Flow Highlights (Standalone, FY26)

  • Net cash used in operating activities: ₹(954.04) lakhs
  • Net cash used in investing activities: ₹(323.73) lakhs
  • Net cash from financing activities: ₹1,269.50 lakhs
  • Cash and cash equivalents at end: ₹24.36 lakhs

Availability of Results

The results are available on BSE website (www.bseindia.com), NSE website (www.nseindia.com) and company website (www.xtglobal.com).