Xtglobal Infotech Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Xtglobal Infotech reported audited FY25 results with standalone total income of ₹7,437.93 lakhs (vs ₹7,324.16 lakhs in FY24, ~1.5% growth) and standalone profit after tax of ₹489.43 lakhs, down ~38% from ₹793.73 lakhs a year ago. Q4 FY25 was weak on a standalone basis, with a loss before tax of ₹30.88 lakhs versus a profit of ₹244.33 lakhs in Q4 FY24, and PAT collapsed to just ₹5.59 lakhs. Consolidated results were healthier, with total income rising ~7.5% to ₹23,596.25 lakhs and PAT of ₹991.16 lakhs (vs ₹1,167.35 lakhs), partly boosted by Network Objects Inc becoming a subsidiary from January 2025. The auditor (C. Ramachandram & Co.) issued an unqualified opinion, there are no loan defaults, and no dividend was declared. ESOP/RSU expenses inflated employee costs to ₹373.22 lakhs for the year (vs ₹118 lakhs in FY24), weighing on margins.
Profitability took a hit in FY25 despite stable revenue, with the standalone PAT falling nearly 40% and Q4 slipping into a pre-tax loss, which is likely to weigh on short-term sentiment. The consolidation of Network Objects provides some growth optionality, but the absence of a dividend and weaker operating cash flow (₹110 lakhs vs ₹645 lakhs) limit near-term positives for shareholders.