Xchanging Solutions financials

·TechnologyChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹53.2cr+0.8% on Q2 FY26
Net profit
₹15.2cr−6.6% on Q2 FY26
EBITDA margin
34.6%+2.4 pts on Q2 FY26
EPS
₹1.36−6.8% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue53.252.8+0.8%
EBITDA18.417.0+8.3%
EBITDA margin34.6%32.2%+2.4 pts
Profit before tax21.019.0+10.7%
Net profit15.216.3−6.6%
EPS₹1.36₹1.46−6.8%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹53.2 crNet profit₹15.2 crNet margin28.6%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
613————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
301311300308515
71.171.185.51040.0
384————
207203185174174
—+9.7%+6.0%0.0%—
71.668.553.146.849.6
34.6%33.8%28.7%26.8%28.4%
71.668.552.846.249.0
59.759.549.613.744.9
28.9%29.3%26.8%7.9%25.7%
₹5.36₹5.34₹4.45₹1.23₹4.03
—+19.9%+261.9%−69.5%—
—41.246.8−12.142.0
—0.00.0−0.00.0
41.241.246.8−12.142.0
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

XCHANGING₹55.07

Xchanging Solutions Limited

· Technology
₹ CrorePeersKSOLVESINNOVANASOFTTECHMINDTECKXTGLOBALTREJHARANINSYSCALSOFTMcap ₹613 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————613.5
- Cash, Equiv & ST Investments514.9307.7299.9311.0300.9
+ Total Debt0.0104.385.571.171.1
Enterprise Value————383.7
Revenue174.4174.4184.9202.9207.0
Growth %, YoY—0.0+6.0+9.7—
EBITDA49.646.853.168.571.6
Margin %28.4426.8128.6933.7734.58
EBIT49.046.252.868.571.6
Net Income44.913.749.659.559.7
Margin %25.747.8526.8129.3028.86
EPS, Adj (current shares)4.031.234.455.345.36
Growth %, YoY—-69.5+261.9+19.9—
Cash from Operations42.0-12.146.841.2—
Capital Expenditures-0.0-0.0-0.0-0.0—
Free Cash Flow42.0-12.146.841.241.2
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Xchanging Solutions financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Xchanging Solutions (NSE: XCHANGING) had a market capitalisation of ₹613 crore at the previous close (₹55.07 a share), a PE ratio of 10.3 on the last four quarters' profit and a price-to-book ratio of 1.48. In FY26 its consolidated net profit was ₹59.5 crore on revenue of ₹203 crore; in Q2 FY27 (July–September 2026) it was ₹15.2 crore, down 6.6% year on year. Its debt-to-equity ratio was 0.12 on 30 September 2026. Promoters held 75.00% of the shares on 30 September 2026.

Share price used
₹55.07 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Xchanging Solutions at a glance · consolidated

Market cap
₹613 Crat ₹55.07 · previous close
PE ratio (last 4 quarters)
10.310.3 on FY26 profit
Price to book (PB)
1.48book value ₹37.21 a share
ROE (FY26)
15.8%+1.8 pts vs FY25ROCE 15.5%
Debt to equity
0.12net cash ₹254 Cr
Promoter holding
75.00%unchanged vs 30 Jun 202630 September 2026
Net worth
₹415 Cr+13.0% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹41.2 Cr−12.0% vs FY25
EPS (FY26)
₹5.34

Questions

What is the Xchanging Solutions PE ratio today?

Xchanging Solutions' PE ratio is 10.3 at the previous close (₹55.07 a share): a market capitalisation of ₹613 crore divided by consolidated net profit of ₹59.7 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹59.5 crore) it is 10.3.

What is the Xchanging Solutions PB ratio (price to book value)?

Xchanging Solutions' price-to-book (PB) ratio is 1.48 at the previous close: a market capitalisation of ₹613 crore divided by shareholders' equity (book value) of ₹415 crore on 30 September 2026. That is a book value of ₹37.21 per share against a share price of ₹55.07.

What is the Xchanging Solutions book value per share?

Xchanging Solutions' book value per share was ₹37.21 on 30 September 2026: shareholders' equity of ₹415 crore divided by the 11.14 crore shares in issue, up 13.0% from ₹32.94 a year earlier. The share price at the previous close was ₹55.07.

What is the Xchanging Solutions market cap?

Xchanging Solutions' market capitalisation was ₹613 crore at the previous close: 11.14 crore shares at ₹55.07 each.

Is Xchanging Solutions debt free?

No. Xchanging Solutions had borrowings of ₹47.9 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.12. Its cash and current investments were ₹302 crore, so it held net cash of ₹254 crore.

What is the Xchanging Solutions EPS?

Xchanging Solutions' basic earnings per share (EPS) were ₹5.34 in FY26, against ₹4.45 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹5.36.

What is the Xchanging Solutions debt to equity ratio?

Xchanging Solutions' debt-to-equity ratio was 0.12 on 30 September 2026: borrowings of ₹47.9 crore against total equity of ₹415 crore. A year earlier, on 30 September 2025, it was 0.24.

What is the Xchanging Solutions net worth?

Xchanging Solutions' net worth — shareholders' equity in its consolidated balance sheet — was ₹415 crore on 30 September 2026, up 13.0% from ₹367 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹613 crore at the previous close.

What is the Xchanging Solutions promoter holding?

Promoters held 75.00% of Xchanging Solutions on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Xchanging Solutions ROE and ROCE?

In FY26, Xchanging Solutions' return on equity (ROE) was 15.8% and its return on capital employed (ROCE) was 15.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.9% and ROCE 11.7%.

What is the Xchanging Solutions shareholding pattern?

On 30 September 2026, Xchanging Solutions' shares were held by promoters 75.00%, foreign portfolio investors (FII/FPI) 0.00%, domestic institutions (DII) 0.00% (including mutual funds at 0.00%) and retail and other non-institutional investors 24.99%. Over the year, FII holding was unchanged and DII holding was down 0.30 percentage points from 0.30%.

What is the Xchanging Solutions free cash flow?

In FY26, Xchanging Solutions generated ₹41.2 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹41.2 crore. In FY25 it was ₹46.8 crore.

What are the Xchanging Solutions latest quarterly results?

Xchanging Solutions' latest results are for Q2 FY27 (July–September 2026): consolidated net profit ₹15.2 crore, down 6.6% from ₹16.3 crore in Q2 FY26; revenue from operations ₹53.2 crore, up 0.8% year on year.

What is the Xchanging Solutions revenue and profit in FY26?

In FY26 (April 2025–March 2026), Xchanging Solutions' consolidated net profit was ₹59.5 crore, up 19.9% from ₹49.6 crore in FY25, on revenue from operations of ₹203 crore (up 9.7%). Over three years, from FY23, net profit was up 32.4%.

When are the Xchanging Solutions next results?

Xchanging Solutions has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Xchanging Solutions compare with its peers?

On FY26 consolidated figures, against Ksolves India, Innovana Thinklabs and Softtech Engineers: Xchanging Solutions' operating margin of 33.8% is the highest of the four (Ksolves India 27.8%, Innovana Thinklabs 26.6%, Softtech Engineers 7.0%; peer average 20.5%); its return on equity of 15.8% is the third highest of the four (Ksolves India 136.9%, Innovana Thinklabs 15.8%, Softtech Engineers 2.9%; peer average 51.9%).

Xchanging Solutions vs Ksolves India: how do they compare?

In FY26, Xchanging Solutions earned net profit of ₹59.5 crore on revenue of ₹203 crore, against ₹34.3 crore on ₹163 crore for Ksolves India. Xchanging Solutions' operating margin was 33.8% (Ksolves India 27.8%) and its return on equity 15.8% (Ksolves India 136.9%).

Where do these Xchanging Solutions figures come from?

From Xchanging Solutions' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.