Question 1

What was Xchanging Solutions' net profit in Q2 FY27?

Accepted Answer

Consolidated net profit was ₹15.2 crore, down 6.6% from ₹16.3 crore in Q2 FY26 and up 0.5% from ₹15.1 crore in Q1 FY27.

Question 2

What was Xchanging Solutions' revenue in Q2 FY27?

Accepted Answer

Revenue from operations was ₹53.2 crore, up 0.8% year on year and down 0.8% from the previous quarter.

Question 3

What was Xchanging Solutions' net profit in the first half of FY27?

Accepted Answer

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹30.3 crore, up 0.9% from ₹30 crore in the same months a year earlier. Revenue from operations was ₹107 crore, up 3.9%.

Question 4

How were Xchanging Solutions' Q2 FY27 results?

Accepted Answer

Revenue grew from a year earlier while net profit fell: revenue was up 0.8% at ₹53.2 crore, and net profit was down 6.6% at ₹15.2 crore. The operating margin was 34.6%, up 2.4 percentage points from 32.2% a year earlier. Against Q1 FY27, net profit was up 0.5% and revenue down 0.8%.

Question 5

What was Xchanging Solutions' operating margin in Q2 FY27?

Accepted Answer

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹18.4 crore, a margin of 34.6%, against 33.5% in Q1 FY27 and 32.2% in Q2 FY26. EBITDA was ₹18.4 crore, 34.6% of revenue.

Question 6

What is Xchanging Solutions' net profit margin?

Accepted Answer

Xchanging Solutions' net profit margin was 28.5% in Q2 FY27 (net profit as a share of revenue from operations), against 30.8% in Q2 FY26 (down 2.2 percentage points). For FY26 as a whole it was 29.3%.

Question 7

What was Xchanging Solutions' EPS in Q2 FY27?

Accepted Answer

Basic earnings per share were ₹1.36, against ₹1.46 in Q2 FY26.

Question 8

What was Xchanging Solutions' net profit in FY26?

Accepted Answer

Consolidated net profit was ₹59.5 crore in FY26 (April 2025–March 2026), up 19.9% from ₹49.6 crore in FY25. It was ₹13.7 crore in FY24 and ₹44.9 crore in FY23: up 32.4% over three years, 9.8% a year on average.

Question 9

What was Xchanging Solutions' revenue in FY26?

Accepted Answer

Revenue from operations was ₹203 crore in FY26 (April 2025–March 2026), up 9.7% from ₹185 crore in FY25. It was ₹174 crore in FY24 and ₹174 crore in FY23: up 16.3% over three years, 5.2% a year on average.

Question 10

How has Xchanging Solutions' profit changed over the last four quarters?

Accepted Answer

Net profit by quarter: ₹13.2 crore in Q3 FY26, ₹16.2 crore in Q4 FY26, ₹15.1 crore in Q1 FY27 and ₹15.2 crore in Q2 FY27. That is ₹59.7 crore over the four quarters, up 1.0% from ₹59.2 crore in the four quarters before. Revenue from operations: ₹48.8 crore, ₹51.3 crore, ₹53.6 crore and ₹53.2 crore.

Question 11

When will Xchanging Solutions announce its Q3 FY27 results?

Accepted Answer

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Question 12

Where do these Xchanging Solutions figures come from?

Accepted Answer

From Xchanging Solutions' own consolidated results filings to NSE, in ₹ crore as filed. Growth compares the same consolidated figures a year and a quarter earlier.

Expenses
	53.2	53.6	51.3	48.8	52.8	50.0	50.7	45.6	44.5	44.1	44.5	42.5	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	3.7	3.6	3.3	3.3	3.3	3.8	3.7	3.9	3.9	5.6	8.0	4.6
	56.9	57.2	54.6	52.1	56.1	53.8	54.4	49.5	48.3	49.6	52.5	47.1
	14.8	15.0	14.1	15.0	16.0	15.5	16.4	15.9	16.2	15.3	16.1	15.1
	1.1	1.1	1.4	1.4	1.3	1.3	1.5	1.6	1.6	1.6	1.6	0.2
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1
	20.0	20.6	18.2	17.7	19.8	18.2	17.0	15.6	17.4	18.1	18.5	16.1
	35.9	36.7	33.6	34.1	37.1	35.0	34.9	33.1	35.3	35.2	36.4	31.5
	18.4	18.0	19.1	16.1	17.0	16.4	17.4	14.2	10.9	10.7	9.9	11.3
	18.4	18.0	19.1	16.1	17.0	16.4	17.3	14.1	10.8	10.5	9.7	11.2
Profit
	21.0	20.5	20.9	18.0	19.0	18.8	19.5	16.4	13.0	14.5	16.1	15.6
	21.0	20.5	20.9	18.0	19.0	18.8	19.5	16.4	13.0	14.5	16.1	15.6
	5.9	5.2	4.5	5.0	2.7	4.9	4.9	1.9	3.2	2.8	3.2	19.2
	−0.1	0.1	0.2	−0.2	−0.0	0.2	−0.0	0.0	−0.0	1.1	0.6	0.0
	5.8	5.3	4.7	4.8	2.7	5.1	4.9	1.9	3.2	3.9	3.7	19.2
	15.2	15.1	16.2	13.2	16.3	13.8	14.7	14.5	9.8	10.6	12.4	−3.5
	15.2	15.1	16.2	13.2	16.3	13.8	14.7	14.5	9.8	10.6	12.4	−3.5
	0.6	−0.1	−0.3	0.1	−0.7	1.2	0.6	−1.8	1.0	−0.1	−0.4	0.7
	15.8	15.1	15.9	13.2	15.6	15.0	15.3	12.7	10.8	10.5	12.0	−2.8
	—	—	—	13.2	—	13.8	—	—	—	—	—	—
Per share
	₹1.36	₹1.36	₹1.46	₹1.18	₹1.46	₹1.24	₹1.32	₹1.30	₹0.88	₹0.95	₹1.11	−₹0.32
	₹1.36	₹1.36	₹1.46	₹1.18	₹1.46	₹1.24	₹1.32	₹1.30	₹0.88	₹0.95	₹1.11	−₹0.32
Other comprehensive income — detail
	0.6	−0.1	−0.3	0.1	−0.7	1.2	0.6	—	—	—	—	—
	0.1	0.1	−0.0	0.2	0.1	−0.1	0.4	0.2	−0.0	−0.1	0.1	0.1
	0.0	0.0	−0.0	0.1	0.0	−0.0	0.1	—	—	—	—	—
	—	—	—	—	—	—	—	0.1	0.0	−0.0	0.0	0.0
	0.5	−0.2	−0.4	−0.1	−1.0	1.7	0.4	−2.6	1.3	−0.1	−0.7	0.9
	0.0	−0.0	−0.1	−0.0	−0.3	0.4	0.1	—	—	—	—	—
	—	—	—	—	—	—	—	−0.7	0.3	−0.0	−0.2	0.2
	—	—	—	13.2	—	—	—	—	—	—	—	—
Per share — as-filed variants
	₹1.36	₹1.36	₹1.46	₹1.18	₹1.46	₹1.24	₹1.32	₹1.30	₹0.88	₹0.95	₹1.11	−₹0.32
	₹1.36	₹1.36	₹1.46	₹1.18	₹1.46	₹1.24	₹1.32	₹1.30	₹0.88	₹0.95	₹1.11	−₹0.32
Adjusted (ex-exceptional items) — derived
	21.0	20.5	20.9	18.0	19.0	18.8	19.5	16.4	13.0	14.5	16.1	15.6
	15.2	15.1	16.2	13.2	16.3	13.8	14.7	14.5	9.8	10.6	12.4	−3.5
	₹1.36	₹1.36	₹1.46	₹1.18	₹1.46	₹1.24	₹1.32	₹1.30	₹0.88	₹0.95	₹1.11	−₹0.32

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	42.5	44.5	44.1	44.5	45.6	50.7	50.0	52.8	48.8	51.3	53.6	53.2
Other Income	4.6	8.0	5.6	3.9	3.9	3.7	3.8	3.3	3.3	3.3	3.6	3.7
Total Income	47.1	52.5	49.6	48.3	49.5	54.4	53.8	56.1	52.1	54.6	57.2	56.9
Expenses
+ Employee Benefit Expense	15.1	16.1	15.3	16.2	15.9	16.4	15.5	16.0	15.0	14.1	15.0	14.8
+ Finance Costs	0.2	1.6	1.6	1.6	1.6	1.5	1.3	1.3	1.4	1.4	1.1	1.1
+ Depreciation & Amortisation	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Other Expenses	16.1	18.5	18.1	17.4	15.6	17.0	18.2	19.8	17.7	18.2	20.6	20.0
Total Expenses	31.5	36.4	35.2	35.3	33.1	34.9	35.0	37.1	34.1	33.6	36.7	35.9
EBITDA	11.3	9.9	10.7	10.9	14.2	17.4	16.4	17.0	16.1	19.1	18.0	18.4
EBIT	11.2	9.7	10.5	10.8	14.1	17.3	16.4	17.0	16.1	19.1	18.0	18.4
Profit
PBT before Exceptional Items	15.6	16.1	14.5	13.0	16.4	19.5	18.8	19.0	18.0	20.9	20.5	21.0
Pretax Income	15.6	16.1	14.5	13.0	16.4	19.5	18.8	19.0	18.0	20.9	20.5	21.0
+ Current Tax	19.2	3.2	2.8	3.2	1.9	4.9	4.9	2.7	5.0	4.5	5.2	5.9
+ Deferred Tax	0.0	0.6	1.1	-0.0	0.0	-0.0	0.2	-0.0	-0.2	0.2	0.1	-0.1
Tax Expense	19.2	3.7	3.9	3.2	1.9	4.9	5.1	2.7	4.8	4.7	5.3	5.8
Net Income	-3.5	12.4	10.6	9.8	14.5	14.7	13.8	16.3	13.2	16.2	15.1	15.2
+ Net Income — Continuing Ops	-3.5	12.4	10.6	9.8	14.5	14.7	13.8	16.3	13.2	16.2	15.1	15.2
+ Other Comprehensive Income	0.7	-0.4	-0.1	1.0	-1.8	0.6	1.2	-0.7	0.1	-0.3	-0.1	0.6
Total Comprehensive Income	-2.8	12.0	10.5	10.8	12.7	15.3	15.0	15.6	13.2	15.9	15.1	15.8
Net Income to Common	—	—	—	—	—	—	13.8	—	13.2	—	—	—
Per Share
Basic EPS	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36	1.36
Diluted EPS	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36	1.36
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	0.6	1.2	-0.7	0.1	-0.3	-0.1	0.6
+ Items NOT to be Reclassified to P&L	0.1	0.1	-0.1	-0.0	0.2	0.4	-0.1	0.1	0.2	-0.0	0.1	0.1
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	0.1	-0.0	0.0	0.1	-0.0	0.0	0.0
+ Tax on Items NOT to be Reclassified — alt tag	0.0	0.0	-0.0	0.0	0.1	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	0.9	-0.7	-0.1	1.3	-2.6	0.4	1.7	-1.0	-0.1	-0.4	-0.2	0.5
+ Tax on Items to be Reclassified	—	—	—	—	—	0.1	0.4	-0.3	-0.0	-0.1	-0.0	0.0
+ Tax on Items to be Reclassified — alt tag	0.2	-0.2	-0.0	0.3	-0.7	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	—	—	—	—	—	—	—	—	13.2	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36	1.36
Diluted EPS — Continuing Operations	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36	1.36
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	15.6	16.1	14.5	13.0	16.4	19.5	18.8	19.0	18.0	20.9	20.5	21.0
Net Income Adj (tax-effected)	-3.5	12.4	10.6	9.8	14.5	14.7	13.8	16.3	13.2	16.2	15.1	15.2
EPS Adj	-0.32	1.11	0.95	0.88	1.30	1.32	1.24	1.46	1.18	1.46	1.36	1.36
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	111.4	111.4	111.4	111.4	111.4	111.4	111.4	111.4	111.4	111.4	111.4	111.4

Xchanging Solutions quarterly results

Every quarter

Xchanging Solutions Limited

Xchanging Solutions Q2 FY27 results (July–September 2026)

Q2 FY27 at a glance · consolidated

Questions