Xtranet Technologies Q2 FY27 results: net profit ₹13.72 crore

How did Xtranet Technologies perform in Q2 FY27?

Xtranet Technologies reported consolidated revenue of ₹109.69 crore for Q2 FY27, compared with ₹50.46 crore in Q1 FY27, an increase of 117.4%. EBITDA rose 115.8% to ₹22.42 crore from ₹10.39 crore, while the margin was 20.4% against 20.6%. Profit before tax was ₹17.82 crore, compared with ₹7.44 crore in the previous quarter.

Net profit for the quarter was ₹13.72 crore, up 127.2% from ₹6.04 crore in Q1 FY27, and basic EPS was ₹3.36 against ₹1.55. On a standalone basis, revenue was ₹100.37 crore and profit after tax was ₹13.75 crore. The quarter’s results were unaudited and were reviewed and recommended by the Audit Committee before approval by the Board on 2 November 2026.

For the first half of FY27, consolidated revenue was ₹160.15 crore and total income was ₹160.75 crore. Profit before tax was ₹25.26 crore, profit after tax was ₹19.75 crore and basic EPS was ₹4.75. The year-ago quarter and a comparison balance sheet were not provided.

What do the balance sheet and cash flow show?

At 30 September 2026, consolidated total assets were ₹475.34 crore and total equity was ₹303.15 crore. Borrowings were ₹62.29 crore and cash was ₹67.17 crore. Inventories stood at ₹78.86 crore, trade receivables at ₹138.81 crore and trade payables at ₹79.19 crore. A comparison with the previous balance-sheet date was not provided.

For the first half of FY27, operating cash flow was an outflow of ₹36.57 crore and investing cash flow was an outflow of ₹20.78 crore. Financing cash flow was an inflow of ₹123.07 crore, while capital expenditure was ₹19.65 crore. The corresponding year-earlier cash-flow figures were not provided.

What did Xtranet Technologies' management say?

Management retained the FY27 revenue target of Rs. 500 crores and expressed an ambition to surpass the original guidance, with execution expected to be weighted towards Q3–Q4. Management expects the EBITDA margin to remain around 17.5%-18% as the business scales, subject to transaction mix. The order book stood at Rs. 390 crores after Rs. 90 crores of fresh Q2 orders, and management expects 50%-55% of the current order book to be billed during FY27.

Management said the working-capital cycle is expected to improve by approximately 15-20 days compared with FY26, while the new data-center subsidiary plans an initial 2MW capacity. The facility is expected to require roughly Rs. 130-140 crores, funded partly from internal accruals and partly from debt, with expansion potential to around 10MW; the financial model and detailed expansion parameters remain under development.

Management said international revenue may start in Q4 FY27, while proposals remain under negotiation. Government and PSU clients contribute 30%-35% of revenue, compared with 47% in FY26. Management identified working-capital and receivables pressure on operating cash flow, procurement disruption or pricing volatility, and the asset-intensive data-centre plan as risks; no analyst concerns were recorded.

How did Xtranet Technologies shares react?

The filing appeared after market hours. The stock was down 1.0% five minutes after the filing, while it was unchanged at 15 minutes and 30 minutes. It closed 4.2% lower on the reaction day from the pre-results close, and it remained 4.2% lower by the next day’s close on the same cumulative basis. No five-day move was provided.