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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
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-May-2025   10:00:00
End date and time of board meeting 30-May-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



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 870488000 2341392000
Other income -2357000 18233000
Total income 868131000 2359625000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 486582000 1438512000
(e) Finance costs 7921000 31937000
(f) Depreciation, depletion and amortisation expense 19282000 78644000
(f) Other Expenses
1 Cost of technical subcontractors 317948000 553526000
2 Rent 2994000 12663000
3 Power and fuel 1735000 7486000
4 Software and licences 9164000 48632000
5 Fee for professional services -10120000 9035000
6 Insurance 2181000 7368000
7 Recruitment and training 882000 4617000
8 Travel and conveyance 5109000 10722000
9 General office expenses 1666000 6377000
10 Other Expenses 8938000 18155000
Total other expenses 340497000 678581000
Total expenses 854282000 2227674000
3 Total profit before exceptional items and tax 13849000 131951000
4 Exceptional items 0 0
5 Total profit before tax 13849000 131951000
6 Tax expense
7 Current tax -2434000 24526000
8 Deferred tax 2703000 9434000
9 Total tax expenses 269000 33960000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 13580000 97991000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 1124000
16 Total profit (loss) for period 13580000 99115000
17 Other comprehensive income net of taxes -3285000 -3285000
18 Total Comprehensive Income for the period 10295000 95830000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2664300 88200700
Total profit or loss, attributable to non-controlling interests 7630600 7630600
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2664300 88200700
Total comprehensive income for the period attributable to owners of parent non-controlling interests 7630600 7630600
21 Details of equity share capital
Paid-up equity share capital 133562000 133562000
Face value of equity share capital 1335.62 1335.62
27 Details of debt securities
22 Reserves excluding revaluation reserve 1691930000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.02 0.66
Diluted earnings (loss) per share from continuing operations 0.02 0.66
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 0.66
Diluted earnings (loss) per share from continuing and discontinued operations 0.02 0.66
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 unaudited consolidated 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 30th 2025. n n2. 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 and 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. n nThe 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. n nThe issuance of ESOPs and RSUs has resulted in increase in employee costs to the tune of Rs 15444 lakhs for the current quarter ended and Rs 37322 lakhs for the current year ended and also a corresponding increase in the reserves of the company. n n3. Effective December 31 2024 the company increased its stake in Network Objects Inc from 4433 percent to 5133 percent thereby obtaining control. Accordingly Network Objects Inc has become a subsidiary from that date. In accordance with Ind AS 110 on Consolidated Financial Statements the company has consolidated the financial results of Network Objects Inc on a line by line basis from January 1 2025 onwards. n nFor the period prior to December 31 2024 the results of the said entity were accounted for under the equity method as an associate. Consequently the results for the quarter and year ended March 31 2025 include the full consolidation of the subsidiary from January 1 to March 31 2025 and therefore are not comparable with the corresponding periods of the previous year or earlier quarters. The effect of this change has been appropriately disclosed and accounted for as per applicable accounting standards. n n4. The results stated above are also available on stock exchange websites www.bseindia.com www.nseindia.com and also on the website of the company at www.xtglobal.com. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 793626000
Capital work-in-progress 0
Investment property 0
Goodwill 513500000
Other intangible assets 43029000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 0
Total non-current financial assets 0
Deferred tax assets (net) 0
Other non-current assets 137012000
Total non-current assets 1487167000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 423223000
Cash and cash equivalents 86621000
Bank balance other than cash and cash equivalents 21029000
Loans, current 120126000
Other current financial assets 259764000
Total current financial assets 910763000
Current tax assets (net) 19250000
Other current assets 75020000
Total current assets 1005033000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 2492200000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 133562000
Other equity 1691930000
Total equity attributable to owners of parent 1825492000
Non controlling interest 73999000
Total equity 1899491000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 95152000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 36284000
Total non-current financial liabilities 131436000
Provisions, non-current 40364000
Deferred tax liabilities (net) 18846000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 190646000
Current liabilities
Current financial liabilities
Borrowings, current 235838000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 108911000
Total Trade payable 108911000
Other current financial liabilities 31556000
Total current financial liabilities 376305000
Other current liabilities 11184000
Provisions, current 14574000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 402063000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 592709000
Total equity and liabilites 2492200000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
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) -3285000 -3285000
Total Amount of items that will not be reclassified to profit and loss -3285000 -3285000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 0
5 Total Other comprehensive income -3285000 -3285000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 131951000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 31937000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -14083000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets -108967000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 17191000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities -71873000
Adjustments for depreciation and amortisation expense 78644000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 2571000
Adjustments for share-based payments 37322000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 2539000
Other adjustments for non-cash items 76379000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 46518000
Net cash flows from (used in) operations 178469000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 11502000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 166967000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 5364000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 6095000
Net cash flows from (used in) investing activities 731000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 7363000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 89279000
Repayments of borrowings 155324000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 31937000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -90619000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 77079000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 77079000
Cash and cash equivalents cash flow statement at beginning of period 9542000
Cash and cash equivalents cash flow statement at end of period 86621000





Details of Impact of Audit Qualification
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 AND CO Yes 31-Jul-2027