Synopsis: Xchanging Solutions hit the upper circuit after it reported a 19% year-on-year increase in revenue to Rs 52.8 crore and a 66% increase in net profit to Rs 16.26 crore.
The shares of this leading IT and cybersecurity services provider are in focus after reporting stellar Q2 results. In this article, we will dive more into the details of its performance.
With a market capitalization of Rs 1,061 crore, the shares of Xchanging Solutions Ltd reached a day’s high of Rs 103.47 per share (upper circuit), up 20 percent from its previous day’s closing price of Rs 86.23 per share. Over the past five years, the stock has delivered a poor return of only 34 percent; however, it outperformed NIFTY 50’s return of 120 percent.
Q2 Highlights
Xchanging Solutions has reported a total revenue from operations of Rs 52.81 crore in Q2 FY26, a growth of 19 percent as compared to Rs 44.46 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew slightly by 6 percent from Rs 50 crore.
Regarding its profitability, it reported a net profit of Rs 16.26 crore in Q2 FY26, representing a 66 percent growth compared to Rs 9.82 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 18 percent from Rs 13.77 crore.
Coming down to its expenses, it reported a total expense of Rs 37.14 crore in Q2 FY26, representing a 5 percent growth compared to Rs 35.31 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 6 percent from Rs 34.95 crore.
Xchanging Solutions Limited is a business that provides the use of tech to other businesses in a way that makes them efficient. It creates and manages computer systems, websites, and apps for them. Besides that, it offers companies the service of moving their data to the cloud, securing their systems from cyber threats, and carrying out the day-to-day IT work.
Simply put, Xchanging is an IT and software company that provides support to large corporates across multiple industries such as banking, insurance, manufacturing, healthcare, and telecom, thus enabling these companies to save time and work more efficiently.
Written by Satyajeet Mukherjee
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