Xpro India Limited has informed the Exchange regarding a press release dated July 28, 2025, titled "Xpro India Limited reports Q1 FY26 Results".
XPROINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Xpro India reported Q1 FY26 revenue of Rs. 144.9 Cr, up 4.6% year-on-year, driven by volume growth in coextruded sheet segments. However, profit after tax fell sharply to Rs. 4.3 Cr, down 69.3% YoY from Rs. 14.0 Cr, with profit before tax dropping 68.2% to Rs. 6.0 Cr. The company attributes the profit decline primarily to non-cash, accounting-driven provisions on Euro-denominated borrowings (repayable over 10 years) due to exchange rate movements, not operational weakness. EBITDA was Rs. 14.3 Cr (margin 9.9%) and EPS stood at Rs. 1.93. Operationally, production rose 7.7% YoY to 9,165 MT, refrigerator volumes grew 10% against industry's 2%, and demand for dielectric films remained strong. The Barjora plant expansion is in test runs after supplier-side delays, while the UAE expansion is largely on track, with plans for an additional production line targeted for FY26-27.
The headline PAT drop looks alarming but is largely a non-cash forex accounting hit, not a deterioration in core operations. Revenue growth, volume gains and market share improvements are positive signs for the business, but the sharp reported earnings decline may weigh on near-term stock sentiment until the Euro borrowing accounting noise is understood by the market.