Synopsis:
XTGlobal Infotech secured its first overseas contract from an Australian client for accounting services worth Rs. 1.1 crore, marking a key milestone in international expansion.
Engaged in providing IT and business outsourcing solutions, the company has caught investor attention with a notable development. Its stock surged 7% after securing its first-ever overseas contract from an Australia-based client for accounting services, marking a significant milestone in its growth journey.
XT Global Infotech Limited’s stock, with a market capitalisation of Rs. 537.5 crores, rose to Rs. 41.89, hitting a high of up to 7.08 percent from its previous closing price of Rs. 39.12. However, the stock over the past year has given a negative return of 17.4 percent.
Order Detail
XTGlobal has secured its first contract from Australia to provide accounting services for an Australian company. This contract is international, and the Australian company’s name hasn’t been shared because of confidentiality.
XTGlobal will handle the accounting work, and the agreement will start on September 30, 2025. The contract begins with three months and then keeps going automatically unless either party ends it, with a total expected period of three years. The company will be paid an estimated AUD 5,350 per month for their services.
The company’s group promoters have no connection or interest in the Australian firm that awarded the contract, and this deal does not count as a related party transaction. This announcement is made as per SEBI’s rules about sharing important updates, and the contract highlights XTGlobal’s success in entering the Australian market for outsourcing accounting services.
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Q1 Financial Highlight
The company reported revenue of Rs. 92.31 crore in Q1FY26, up 87% YoY from Rs. 49.31 crore in Q1FY25 and 6% QoQ from Rs. 87.05 crore in Q4FY25. Profit stood at Rs. 3.74 crore, registering 72% YoY growth over Rs. 2.17 crore and a sharp 177% QoQ rise from Rs. 1.35 crore, highlighting strong operational momentum.
Over the past three years, revenue has grown at a modest 3% CAGR, while profit declined at a -23% CAGR, reflecting inconsistent bottom-line performance. ROE, however, has improved at a 7% CAGR, indicating some efficiency gains despite weak profit growth trends.
Written By Fazal Ul Vahab C H
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