Xchanging Solutions quarterly results and financials

Xchanging Solutions (XCHANGING)₹60.35−1.29%(9 Nov 2026 close)Computers - Software & Consulting

Key facts

In the Sep 2026 quarter (consolidated), Xchanging Solutions reported sales of ₹52.75 Cr, down 0.0% from Sep 2025, and net profit of ₹15.05 Cr, down 6.3% year on year. For the year to Mar 2026, sales were ₹202 Cr and net profit ₹59.19 Cr.

Sales (Sep 2026): ₹52.75 Cr
Net profit (Sep 2026): ₹15.05 Cr
Sales (FY Mar 2026): ₹202 Cr
Net profit (FY Mar 2026): ₹59.19 Cr
EPS (Sep 2026): ₹1.37
Borrowings (Mar 2026): ₹70.81 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Xchanging Solutions quarterly results

₹ crore unless stated; each column is a quarter.

Xchanging Solutions Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	41.83	43.80	43.81	43.86	45.79	50.79	49.83	52.77	48.79	50.80	53.82	52.75
Expenses	31.01	35.04	33.01	34.01	31.03	33.04	34.04	35.99	32.99	32.02	35.99	35.02
Operating Profit	10.97	9.97	10.97	10.97	13.97	16.95	15.96	16.94	15.96	18.96	17.95	17.95
OPM %	27.0%	22.1%	24.1%	24.0%	31.0%	34.0%	33.1%	32.0%	33.1%	37.1%	34.0%	35.1%
Other Income	4.98	7.97	5.98	3.98	3.98	3.98	3.99	2.99	2.99	2.99	3.99	3.98
Interest	0.00	2.01	2.01	2.01	2.01	2.01	1.01	1.01	1.01	1.01	1.01	1.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	16.01	15.99	14.01	12.99	16.01	20.01	18.99	19.01	17.99	21.01	19.99	21.01
Tax %	123.0%	23.0%	27.0%	25.0%	12.0%	25.0%	27.0%	14.0%	27.0%	22.0%	26.0%	28.0%
Net Profit	−4.01	12.03	11.04	10.04	14.04	15.04	14.06	16.06	13.04	16.05	15.04	15.05
EPS (Rs)	−0.33	1.12	0.96	0.89	1.31	1.33	1.25	1.47	1.19	1.47	1.37	1.37

Xchanging Solutions profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Xchanging Solutions Profit and loss
	Dec 2015	Mar 2017 15m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	278	306	185	183	181	195	173	173	173	184	202	206
Expenses	252	298	160	141	134	140	121	125	128	132	134	136
Operating Profit	27.91	8.97	25.92	42.89	47.84	54.82	52.84	49.84	46.86	52.86	68.84	70.82
OPM %	10.0%	3.0%	14.1%	23.1%	26.0%	28.1%	31.0%	28.1%	27.1%	29.0%	34.1%	34.4%
Other Income	14.94	13.95	15.93	14.95	12.95	15.93	8.97	10.96	21.92	16.93	13.95	13.95
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.01	6.02	5.01	4.04
Depreciation	4.01	3.01	1.01	0.00	1.01	1.01	1.01	1.01	1.01	0.00	0.00	0.00
Profit before tax	39.02	19.99	41.01	56.97	59.04	70.04	60.99	60.05	65.98	63.04	77.03	80.00
Tax %	24.0%	8.0%	22.0%	18.0%	8.0%	10.0%	14.0%	25.0%	79.0%	22.0%	22.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	29.09	18.05	32.13	47.16	55.20	62.22	53.22	45.16	14.04	50.14	59.19	59.18
EPS (Rs)	2.63	1.65	2.85	4.20	4.92	5.62	4.73	4.04	1.24	4.46	5.35	5.40
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2,765.0%	45.0%	37.0%	—

Xchanging Solutions balance sheet

₹ crore, at each year end.

Xchanging Solutions Balance sheet
	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	111	111	111	111	110	111	111	110	111	110	111	111
Reserves	193	222	239	272	322	385	443	502	565	243	247	285
Borrowings	1.99	0.99	0.99	0.00	0.00	1.99	2.99	1.99	0.99	105	84.69	70.81
Other Liabilities	103	77.62	101	83.60	79.62	74.64	66.67	60.71	65.68	63.69	59.71	55.73
Total Liabilities	408	411	451	467	512	572	624	675	742	522	503	522
Fixed Assets	165	164	161	159	159	161	160	161	160	159	157	157
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	101	122	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	243	249	190	188	354	411	464	515	582	363	345	364
Trade receivables	66.81	45.90	45.92	30.93	28.93	20.94	8.98	14.96	7.98	10.98	11.97	16.97
Cash & equivalents	75.23	108	52.17	79.33	260	328	393	442	517	309	302	313
Total Assets	408	411	451	467	512	572	624	675	742	522	503	522

Xchanging Solutions cash flow

₹ crore, for each year.

Xchanging Solutions Cash flow
	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.99	27.93	37.85	35.89	47.85	45.82	61.81	34.86	41.86	−11.96	48.83	40.83
Cash from investing activity	3.99	5.99	7.99	5.99	13.99	23.97	4.99	14.97	33.98	36.95	15.99	19.98
Cash from financing activity	0.00	−0.99	−0.99	−0.99	0.00	−0.99	−1.99	−0.99	0.00	−232	−71.85	−49.96
Net cash flow	5.01	33.04	45.04	42.02	62.01	69.09	65.10	49.05	75.06	−207	−8.01	11.01
Capex	5.22	2.17	1.11	0.13	0.29	0.41	0.57	0.10	0.00	0.03	0.00	0.00
Free cash flow	−4.01	26.03	38.04	37.07	48.07	45.08	61.06	35.06	42.04	−12.03	49.09	41.04
CFO / OP %	485.0%	113.0%	451.0%	142.1%	128.0%	113.0%	124.1%	84.0%	113.0%	98.0%	113.1%	96.1%

Xchanging Solutions ratios

Working-capital days and returns, by year.

Xchanging Solutions Ratios
	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	85	60	55	61	57	41	17	31	16	24	24	30
Cash conversion cycle	85	60	55	61	57	41	17	31	16	24	24	30
Working capital days	23	22	−17	−30	−44	−21	−65	−32	−56	−55	−86	−64
ROCE %	7.1%	12.0%	6.1%	11.1%	14.1%	13.1%	13.1%	10.0%	9.0%	12.1%	15.1%	18.1%

Xchanging Solutions: frequently asked questions

What are the latest quarterly results of Xchanging Solutions?

For the Sep 2026 quarter, Xchanging Solutions reported sales of ₹52.75 Cr, down 0.0% year on year and net profit of ₹15.05 Cr, down 6.3% year on year. The operating margin was 35.1%.

What is the annual revenue of Xchanging Solutions?

Xchanging Solutions' sales for the year to Mar 2026 were ₹202 Cr; over the last twelve months they were ₹206 Cr.

What is the net profit of Xchanging Solutions?

Net profit for the year to Mar 2026 was ₹59.19 Cr, and ₹59.18 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.40.

How much debt does Xchanging Solutions have?

Xchanging Solutions reported borrowings of ₹70.81 Cr at Mar 2026, against cash and equivalents of ₹313 Cr.

What is the free cash flow of Xchanging Solutions?

Cash from operations was ₹40.83 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹41.04 Cr.

Loading…