XTRANET TECHNOLOGIES LTD

Integrated technology solutions provider operating across data centre infrastructure, enterprise applications, digital services and proprietary platforms, with 175 projects delivered during FY24-26 and a footprint across 15+ states. The data centre segment is the revenue anchor at 48% of Q1 FY27 revenue, with 50+ data centre projects executed to date and management targeting 35-40% annual growth in this segment. Services now account for 65-68% of Q1 FY27 revenue, up from 46% a year earlier, reflecting a deliberate shift away from hardware-led delivery. Two proprietary platforms sit alongside the project business: XtraTrust, a licensed Certifying Authority for digital signatures with 850,000 subscribers and 10,000+ partners competing with eMudhra among 11 licensed CAs; and Synergy, a low-code AI platform. The order book stands at ₹373 cr across 55 projects, supported by an active bid pipeline of ₹1,200 cr, with ~55% of the order book executable in FY27. Customers are split roughly 45% government/PSU and 55% non-government, and 45% direct versus 55% indirect channels. The largest cost pressure flagged is hardware, where input prices rose 3-4x over the past year, mitigated through pre-built inventory and price-escalation clauses in newer bids.