XCHANGING2024-01-012024-03-31 XCHANGING2024-01-012024-03-31 XCHANGING2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member XCHANGING2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member XCHANGING2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member XCHANGING2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member XCHANGING2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532616 XCHANGING NOTLISTED Xchanging Solutions Limited Equity 2023-04-01 2024-03-31 2024-05-23 2024-05-15 INR Lakhs Yearly 12:00:00 14:45:00 2024-05-23 2024-05-23 true Cash Flow Indirect Declaration of unmodified opinion Single segment Information Technology Services 2024-01-01 2024-03-31 Unaudited Standalone 106700000.00 76300000.00 183000000.00 0.00 0.00 0.00 54100000.00 400000.00 1200000.00 33000000.00 88700000.00 94300000.00 0.00 94300000.00 18400000.00 5800000.00 24200000.00 0.00 70100000.00 0.00 0.00 0.00 0.00 70100000.00 1100000.00 71200000.00 0.00 0.00 1114000000.00 10 0.63 0.63 0.00 0.00 0.63 0.63 Notes: 1. The Statement has been prepared in accordance with Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016. 2. The above financial results of Xchanging Solutions Limited (the Company) have been reviewed and recommended by the Audit Committee to the Board, and approved by the Board of Directors at its meeting held on May 23, 2024. The Audit of financial results for the year ended March 31, 2024 and limited review of financial results for the quarter ended March 31, 2024 have been completed by Deloitte Haskins & Sells LLP, the statutory auditors of the Company and they have issued an unmodified report on the aforesaid results. 3. In accordance with Ind AS 108 - “Operating Segments” the Company has identified single operating segment viz., Information Technology (IT) services and accordingly the above results relate to this segment. 4. The figures for the current quarter and the quarter ended March 31, 2023 are the balancing figures between audited figures of the full financial year ended March 31, 2024 and March 31, 2023, respectively and published year to date figures upto the third quarter ended December 31, 2023 and December 31, 2022, respectively, which were subjected to limited review by the statutory auditors of the Company. The statutory auditors have performed a limited review on the results for the quarter ended March 31, 2024. 5. The Company had earlier given an unsecured loan of USD 38 Million during the Financial Year 2002 to 2008 to Xchanging Solutions USA Inc, wholly owned subsidiary of the Company which was fully provided as at March 31, 2023. On June 21, 2023 and December 22, 2023, the Company has received USD 23 Million (INR 18,315) and USD 15 Million (INR 12,650) respectively as repayment of this loan. Accordingly, the amounts of INR 18,315 and INR 12,650 are recognized as other income and disclosed as exceptional items during the quarter ended June 30, 2023 and during the quarter ended December 31, 2023 respectively. The tax expenses of INR 2,013 and INR 1,430 on account of exchange gain on repatriation are included in the current tax expenses during the quarter ended June 30, 2023 and during the quarter ended December 31, 2023 respectively. 6. The Board of Directors of the Company has considered and recommended final dividend of INR 4 per equity share (including special dividend of INR 2 per equity share) (face value of INR 10 each) amounting to INR 4,456 for the financial year ended March 31, 2024 at their meeting held on May 23, 2024. The recommended final dividend (including special dividend) on equity shares is subject to approval at the ensuing annual general meeting. 7. Figures for the previous periods have been regrouped and reclassified, wherever necessary. Single segment 2023-04-01 2024-03-31 Audited Standalone 368300000.00 887700000.00 1256000000.00 0.00 0.00 0.00 183600000.00 1000000.00 5400000.00 92500000.00 282500000.00 973500000.00 3096500000.00 4070000000.00 423400000.00 -18400000.00 405000000.00 0.00 3665000000.00 0.00 0.00 0.00 0.00 3665000000.00 2200000.00 3667200000.00 0.00 0.00 1114000000.00 10 2029300000.00 32.90 32.90 0.00 0.00 32.90 32.90 Other Expenses 10300000.00 Project work expenses 22700000.00 Other Expenses 45600000.00 Project work expenses 46900000.00 10600000.00 518600000.00 0.00 0.00 0.00 0.00 0.00 27600000.00 244700000.00 801500000.00 0.00 0.00 41100000.00 2645600000.00 3400000.00 0.00 5000000.00 2695100000.00 32100000.00 2727200000.00 3528700000.00 1114000000.00 2029300000.00 3143300000.00 3143300000.00 0.00 0.00 6300000.00 6300000.00 14300000.00 0.00 0.00 0.00 20600000.00 0.00 64600000.00 6400000.00 71000000.00 10200000.00 4000000.00 279600000.00 364800000.00 385400000.00 3528700000.00 1000000.00 0.00 -6100000.00 0.00 -25100000.00 2800000.00 0.00 1700000.00 0.00 19400000.00 0.00 2900000.00 0.00 5400000.00 0.00 -5400000.00 -27900000.00 3000000.00 0.00 0.00 686800000.00 173300000.00 0.00 0.00 0.00 0.00 -1600000.00 0.00 0.00 -890000000.00 3180000000.00 0.00 0.00 0.00 411900000.00 -3096500000.00 -328400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1900000.00 200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3258300000.00 0.00 0.00 686800000.00 179100000.00 0.00 -2700000.00 0.00 4123200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4500000.00 3342100000.00 0.00 0.00 0.00 -3346600000.00 448200000.00 0.00 448200000.00 2197400000.00 2645600000.00 1400000.00 2900000.00 300000.00 700000.00 0.00 0.00