Integrated Filing — IndAS



General information about company

Scrip Code 531225
NSE Symbol XTGLOBAL
MSEI Symbol NOTLISTED
ISIN INE547B01028
Name of company XTGLOBAL INFOTECH LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2024
Date of end of financial year 31-03-2025
Date of board meeting when results were approved 30-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-05-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment IT/ITES
Start date and time of board meeting 30-05-2025   10:00:00
End date and time of board meeting 30-05-2025   12:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 30-05-2025
Indicate Company website link for updated RPT policy of the Company www.xtglobal.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No Such Cases



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2025 01-04-2024
B Date of end of reporting period 31-03-2025 31-03-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,743.24 7,171.24
Other income 68.04 266.70
Total income 1,811.28 7,437.94
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 1,462.55 5,360.18
(e) Finance costs 39.29 152.35
(f) Depreciation, depletion and amortisation expense 79.55 323.76
(f) Other Expenses
1 Cost of technical subcontractors 94.48 389.05
2 Rates and taxes 14.51 43.95
3 Power and fuel 16.90 71.76
4 Communication expenses 4.91 19.13
5 Software and licences 30.35 121.01
6 Legal and professional fee 24.15 53.84
7 Repairs and maintenance 9.12 30.33
8 Insurance 14.88 66.75
9 Recruitment and training 3.10 16.07
10 Other Expenses 48.37 127.08
Total other expenses 260.77 938.97
Total expenses 1,842.16 6,775.26
3 Total profit before exceptional items and tax (30.88) 662.68
4 Exceptional items 0.00 0.00
5 Total profit before tax (30.88) 662.68
6 Tax expense
7 Current tax (63.51) 78.91
8 Deferred tax 27.04 94.34
9 Total tax expenses (36.47) 173.25
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5.59 489.43
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 5.59 489.43
17 Other comprehensive income net of taxes (32.85) (32.85)
18 Total Comprehensive Income for the period (27.26) 456.58
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 13,35,62,205.00 13,35,62,205.00
Face value of equity share capital 133562205 133562205
27 Details of debt securities
22 Reserves excluding revaluation reserve 17,839.01
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.02 0.34
Diluted earnings (loss) per share from continuing operations -0.02 0.34
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.02 0.34
Diluted earnings (loss) per share from continuing and discontinued operations -0.02 0.34
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above statement of audited standalone financial results of XTGlobal Infotech Limited (the company) which have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities Exchange Board of India (SEBI) were reviewed and recommended by audit committee and thereafter approved by the meeting of the Board of Directors of the company held on May 22nd, 2026. 2. During the quarter ended 31st December 2023 and the quarter ended 31st March 2025 the company has issued Employee stock options (ESOP) and Restricted stock units (RSU) as a part of XTGlobal Infotech limited Employees Stock Benefit Scheme - 2020. The options/RSUs will be vested over a period of 4 years and with an exercise period of 4 years from the date of vesting at an exercise price of Rs. 20/- per option and Rs. 1/- per RSU. Th fair value of the options has been calculated using the Black Scholes model considering the factors like share price, exercise price, expected volatility, option life, expected dividend and the risk free interest rate. Expected volatility has been calculated based on the 1 year historical market price of the shares of the company. The issuance of ESOPs and RSUs has resulted in increase in employee costs to the tune of Rs. 32.05 lakhs for the current quarter and Rs. 206.97 lakhs for the one year period and also a corresponding increase in the reserves of the company. 3. During the second quarter of this year, the company applied for the exit of its SEZ unit at the Visakhapatnam branch. The exit was approved by the SEZ authorities on September 22, 2025. As part of the exit process, the department recovered GST input tax benefits amounting to Rs. 6,32,58,370, which had been availed on Property, Plant & Equipment while operating in the SEZ. This amount has been capitalized to the respective assets and is being depreciated over their remaining useful life. 4. On November 21, 2025, the Government of India notified the four Labour Codes, bringing them into effect and replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee Benefits, the Company has evaluated the impact of the implementation of these Labour Codes and concluded that there is no significant material impact. 5. The results stated above are also available on stock exchange website www.bseindia.com www.nseindia.comand also on the website of the company at www.xtglobal.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2024
Date of end of reporting period 31-03-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 7,772.12
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 13,200.81
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Security Deposits 0.00
2 Deposits with Statutory authorities 0.00
Total of other non-current financial assets 0.00
Total non-current financial assets 13,200.81
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 33.81
Total of other non-current assets 33.81
Total non-current assets 21,006.74
2 Current assets
Inventories 0.00
Current financial asset
Current investments 0.00
Trade receivables, current 324.00
Cash and cash equivalents 32.63
Bank balance other than cash and cash equivalents 210.29
Loans, current 0.00
Other current financial assets
Total of other current financial assets 383.11
Total current financial assets 950.03
Current tax assets (net) 192.36
Other current assets
1 Advance to employees 0.00
2 Prepaid expenses 0.00
3 Balances with Statutory authorities 0.00
4 Other current assets 389.59
Total of other current assets 389.59
Total current assets 1,531.98
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 22,538.72
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,335.62
Other equity 17,839.01
Total equity attributable to owners of parent 19,174.63
Non controlling interest
Total equity 19,174.63
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 951.52
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 0.00
2 Other non-current financial liabilities 197.14
Total of other non-current financial liabilities 197.14
Total non-current financial liabilities 1,148.66
Provisions, non-current 403.64
Deferred tax liabilities (net) 209.93
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 1,762.23
Current liabilities
Current financial liabilities
Borrowings, current 974.64
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 123.36
Total Trade payable 123.36
Other current financial liabilities
1 Lease Liabilities 0.00
2 Deferred Purchase Consideration 0.00
3 Other current financial liabilities 315.56
Total of other current financial liabilities 315.56
Total current financial liabilities 1,413.56
Other current liabilities 167.31
1 Statutory payables 0.00
2 Payroll payables 0.00
3 Other payables 0.00
4 Other current liabilities 167.31
Total of other current liabilities 167.31
Provisions, current 20.99
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 1,601.86
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3,364.09
Total equity and liabilites 22,538.72
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2025 01-04-2024
Date of end of reporting period 31-03-2025 31-03-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2025 01-04-2024
B Date of end of reporting period 31-03-2025 31-03-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items not be reclassified to profit or (loss) (32.85) (32.85)
Total Amount of items that will not be reclassified to profit and loss (32.85) (32.85)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (32.85) (32.85)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2024
B Date of end of reporting period 31-03-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 662.68
Adjustments for reconcile profit (loss)
Adjustments for finance costs 152.35
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (656.24)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (81.20)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 37.84
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 323.76
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (246.44)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 307.88
Adjustments for interest income 0.00
Adjustments for share-based payments 373.22
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (32.85)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (437.44)
Net cash flows from (used in) operations 225.24
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 114.88
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 110.36
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 600.04
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 66.91
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 343.12
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (323.83)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 73.63
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 892.79
Repayments of borrowings 618.24
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 152.35
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 195.83
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (17.64)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (17.64)
Cash and cash equivalents cash flow statement at beginning of period 50.27
Cash and cash equivalents cash flow statement at end of period 32.63





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 C Ramachandram & Co Yes 31-07-2027


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 XTGlobal Infotech Limited XTGlobal Inc Subsidiary Sale of goods or services 3,384.87 No Remarks 3,384.87 0.00 288.64
2 XTGlobal Infotech Limited Network Objects, Inc Subsidiary Sale of goods or services 41.25 No Remarks 41.25 16.96 14.66
3 XTGlobal Infotech Limited Mrs. Vuppuluri Sreedevi Whole time Director Remuneration 6.00 No Remarks 6.00 0.00 0.00
4 XTGlobal Infotech Limited Mr. Raghuram Kusuluri Chief Financial Officer Remuneration 13.71 No Remarks 13.71 0.00 0.00
5 XTGlobal Infotech Limited Mr. Sridhar Pentela Company secretary Remuneration 5.95 No Remarks 5.95 0.00 0.00
6 XTGlobal Infotech Limited Srinivasa raju kosuri Director Loan 600.04 No Remarks 600.04 0.00 448.66
7 XTGlobal Infotech Limited Venkata Appala Narasimha Raju Director Any other transaction 0 No Remarks 1.70 0.00 0.00
8 XTGlobal Infotech Limited Karuturi Sai baba Director Any other transaction 0 No Remarks 1.50 0.00 0.00
9 XTGlobal Infotech Limited Kosuri Srinivasa Raju Director Any other transaction 0 No Remarks 0.20 0.00 0.00
10 XTGlobal Infotech Limited M Jagannatha Prasad Director Any other transaction 0 No Remarks 1.00 0.00 0.00
11 XTGlobal Infotech Limited Pendyala S Chakravarthy Director Any other transaction 0 No Remarks 0.60 0.00 0.00
12 XTGlobal Inc Harika Mullapudi Director Remuneration No Remarks 60.78 0.00 0.00
13 XTGlobal Inc Ramarao Mullapudi Director Remuneration No Remarks 228.33 0.00 0.00
14 XTGlobal Inc Jitesh Mullapudi Director Remuneration No Remarks 25.37 0.00 0.00
15 Network Objects Inc Srinivasa raju kosuri Director Loan No Remarks 24.96 0.00 1,108.83
16 Network Objects Inc Jagadeesh varma Director Loan No Remarks 0.00 0.00 6.97
Total value of transaction during the reporting period 4,396.26