Transcript of Q1 FY 2025-26 Earnings Conference Call held on Thursday, August 14, 2025
XTGLOBAL · price
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XTGlobal Infotech posted strong Q1 FY26 results, with consolidated revenue of ₹92.30 crores, up 87.2% year-on-year (aided by Network Objects becoming a subsidiary) and 6% sequentially. Consolidated EBITDA grew 61.1% quarter-on-quarter to ₹6.61 crores with margins improving 7.2%, while net profit nearly tripled sequentially to ₹3.73 crores. The company added 10 new client accounts, won a $7–10 million 5-year IT modernization contract with the Texas Department of Transportation, and appointed a dedicated head for its newly launched AI practice. Management is targeting further margin improvement as utilization rises and attrition stabilizes, while actively scouting acquisitions in Europe, Australia, and India to strengthen its Circulus automation platform, SAP, and Oracle service lines. The standalone business also saw sharp profitability recovery, with EBITDA nearly tripling and margins expanding to 14.2% from 5%.
The sharp revenue and margin expansion point to strengthening business momentum, though the YoY revenue surge is partly inorganic from subsidiary consolidation. A visible deal pipeline, new US government contract, and disciplined cost management are positive signals, but investors should watch execution on AI ramp-up and any acquisitions that could dilute margins in the near term.