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XTGLOBAL - XT Global Infot.

📊 NSE: XTGLOBAL 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/14/2025 15:19

📢 Recent Corporate Announcements

XTGlobal Infotech Adds Mrs. Mullapudi Kalyani Sudha to Promoter Group via Share Gift

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 04:13 PM

XTGlobal Infotech Limited has announced the addition of Mrs. Mullapudi Kalyani Sudha to its Promoter Group. This reclassification follows her receipt of 37,251 equity shares as a gift from her mother, Mrs. Jayalakshmi Vuppuluri, who is also a member of the Promoter Group. Mrs. Sudha is the spouse of existing promoter Mr. Mullapudi Atchuta Ramarao. This is an internal transfer within the promoter family and does not involve any market sale or purchase.

Mrs. Mullapudi Kalyani Sudha officially classified as part of the 'Promoter Group'
Acquisition of 37,251 equity shares via gift from mother on March 10, 2026
Mrs. Sudha is the spouse of promoter Mr. Mullapudi Atchuta Ramarao
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 Investors should view this as a routine administrative update regarding internal family shareholding. No action is required as the overall promoter holding remains unchanged and there is no impact on company fundamentals.

XTGlobal Secures AI Services Order Worth $796,900 from Texas Dept of Transportation

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 26 Feb 2026, 12:41 AM

XTGlobal Infotech's U.S. subsidiary, XTGlobal Inc., has secured a work order from the Texas Department of Transportation (TxDOT) for AI Enablement for Engineering Services. The contract is valued at approximately USD 796,900 (INR 7.2 Crores) and is scheduled for a six-month duration starting March 16, 2026. This project highlights the company's ability to secure high-tech contracts within the U.S. public sector. Additionally, the agreement includes a provision for a potential six-month renewal, offering further revenue potential.

Order value of USD 796,900 (approximately INR 7.2 Crores) from a U.S. government agency.
Scope involves 'AI Enablement for Engineering Services,' demonstrating niche technical capabilities.
Project execution period is six months, from March 16, 2026, to September 30, 2026.
Potential for a six-month extension beyond the initial term subject to separate approval.

💡 Investors should view this as a positive validation of the company's AI capabilities in the international market. Monitor the company's execution efficiency and potential for securing larger-scale government contracts following this engagement.

XTGlobal Secures $796,900 AI Project from U.S. State Transportation Agency

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 26 Feb 2026, 12:12 AM

XTGlobal Infotech has been awarded a competitive contract for AI Enablement for Engineering Services by a U.S.-based State Transportation Agency. The initial six-month engagement is valued at approximately USD 796,900 (around INR 7.2 Crores). The project focuses on transitioning AI Proof of Concepts into production-ready solutions, including Agentic AI workflows and intelligent document processing. This win strengthens the company's U.S. Public Sector portfolio and validates its technical capabilities in the Transportation Vertical.

Initial contract value of approximately USD 796,900 (INR 7.2 Crores) for a six-month period.
Secured through a competitive multi-vendor RFP process under a Software Development Services framework.
Scope includes Agentic AI workflows, intelligent document processing, and cloud-native CI/CD enablement.
Strengthens the company's presence in the U.S. Public Sector and Transportation Vertical.
Project focuses on AI-driven engineering productivity and digital delivery initiatives.

💡 Investors should monitor the company's ability to scale this initial engagement into a long-term recurring revenue stream. This win serves as a strong credential for XTGlobal's AI capabilities in regulated government environments.

XTGlobal Infotech Lists 5,61,500 Equity Shares Under ESOP Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Feb 2026, 05:12 PM

XTGlobal Infotech Limited has received approval from both BSE and NSE for the listing and trading of 5,61,500 equity shares. These shares were allotted to employees who exercised their stock options under the company's 'Employee Stock Benefit Scheme 2020'. The shares have a face value of Re. 1 each and were admitted for trading effective February 25, 2026. This routine corporate action results in a marginal increase in the company's total outstanding equity base.

Approval received for listing and trading of 5,61,500 equity shares of Re. 1 face value
Shares issued pursuant to the exercise of options under Employee Stock Benefit Scheme 2020
Trading commenced on both BSE and NSE effective February 25, 2026
Distinctive numbers for the new shares are 133562206 to 134123705

💡 No immediate action is required as this is a routine administrative update. Investors should note the minor increase in the total share count due to ESOP exercise.

XTGlobal Q3 FY26: Standalone PAT Grows 38% YoY to ₹1.6 Cr; EBITDA Margins Expand to 24.2%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Feb 2026, 07:22 PM

XTGlobal Infotech reported a resilient Q3 FY26 with standalone revenue of ₹17.8 Cr, representing a modest 2.7% YoY growth. The highlight of the quarter was significant margin expansion, with standalone EBITDA margins jumping 716 bps YoY to 24.2% and PAT increasing 38.1% YoY to ₹1.6 Cr. Consolidated revenue reached ₹92.5 Cr, though YoY comparisons are not strictly comparable due to the acquisition of Network Objects in early 2025. The company added 7 new client engagements and completed its SEZ exit process for the Madhurawada unit, aiming for better operational alignment.

Standalone EBITDA grew 46% YoY to ₹4.3 Cr with margins expanding significantly by 716 bps to 24.2%.
Standalone PAT increased 38.1% YoY to ₹1.6 Cr, while 9M FY26 standalone PAT reached ₹4.9 Cr.
Added 7 new client engagements during the quarter, including 5 in Finance & Accounting and 2 in IT Services.
Consolidated Q3 FY26 revenue stood at ₹92.5 Cr with a consolidated PAT of ₹3.4 Cr.
Completed the SEZ exit process for the Madhurawada unit, which now operates as a non-SEZ entity.

💡 Investors should focus on the sustainability of the improved margin profile and the integration of the Network Objects subsidiary. The addition of new clients in the F&A segment provides good revenue visibility for the next fiscal year.

XTGlobal Q3 Standalone PAT Up 38% YoY; EBITDA Margins Surge 716 bps to 24.2%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Feb 2026, 07:12 PM

Xtglobal Infotech reported a 38.1% YoY increase in standalone PAT to ₹1.6 Cr for Q3 FY26, driven by significant margin improvement. Standalone EBITDA margins expanded by 716 bps to 24.2%, while standalone revenue saw a modest 2.7% growth to ₹17.8 Cr. On a consolidated basis, which now includes Network Objects as a subsidiary, revenue reached ₹92.5 Cr with a PAT of ₹3.7 Cr. The company is pivoting towards high-margin GCC-linked engagements and automation-led services to drive future growth.

Standalone EBITDA rose 46% YoY to ₹4.3 Cr, with margins expanding 716 bps to 24.2%.
Standalone PAT grew 38.1% YoY to ₹1.6 Cr; 9M FY26 standalone PAT stood at ₹4.9 Cr.
Consolidated Q3 revenue reached ₹92.5 Cr following the full integration of Network Objects as a subsidiary.
Secured 7 new client engagements during the quarter, including 5 in Finance & Accounting and 2 in IT Services.
Completed the mutation and name change for the Madhurawada unit, finalizing its transition to a non-SEZ entity.

💡 Investors should note the strong operating leverage and significant margin expansion in the standalone business. Monitor the consolidated entity's ability to maintain these margins as it scales its IT and accounting outsourcing services in the US market.

XTGlobal Q3 Standalone Net Profit Rises 38% YoY to ₹1.60 Cr; Allots 5.61 Lakh ESOP Shares

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 02:26 PM

XTGlobal Infotech reported a standalone net profit of ₹159.60 lakhs for the quarter ended December 31, 2025, representing a 38% increase from ₹115.61 lakhs in the same period last year. Total income grew 8.6% YoY to ₹1,922.89 lakhs, although operational revenue remained relatively flat on a sequential basis. The board also approved the allotment of 5,61,500 equity shares under its employee stock benefit scheme, which will lead to minor equity dilution. The company successfully completed its SEZ exit in Visakhapatnam, capitalizing ₹6.32 crore in GST benefits.

Standalone Net Profit increased 38% YoY to ₹159.60 lakhs from ₹115.61 lakhs.
Total Income rose to ₹1,922.89 lakhs in Q3 FY26 compared to ₹1,770.38 lakhs in Q3 FY25.
Board approved allotment of 5.61 lakh equity shares, including 3.24 lakh shares at ₹20 per share.
Profit Before Tax (PBT) saw a significant jump of 53.8% YoY, reaching ₹274.44 lakhs.
Capitalized ₹6.32 crore in GST input tax benefits following the exit from the Visakhapatnam SEZ unit.

💡 Investors should view the YoY profit growth positively, though the flat sequential revenue suggests a need to monitor the company's scaling capabilities. The impact of ESOP-related equity dilution should be factored into long-term valuation models.

XTGlobal Infotech Allots 5.61 Lakh Equity Shares Under ESOP Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Feb 2026, 02:16 PM

XTGlobal Infotech Limited has approved the allotment of 5,61,500 equity shares to employees following the exercise of options and RSUs under its 2020 stock benefit scheme. This allotment increases the company's total paid-up equity share capital from approximately Rs. 13.36 crore to Rs. 13.41 crore. The exercise price was set at Rs. 20 for options and Rs. 1 for RSUs. The new shares will rank pari-passu with existing shares, carrying the same dividend and voting rights.

Allotment of 5,61,500 equity shares of face value Rs. 1 each to eligible employees.
Total paid-up share capital increased to Rs. 13,41,23,705 from Rs. 13,35,62,205.
Exercise price fixed at Rs. 20 per share for Options and Rs. 1 per share for RSUs.
The equity dilution resulting from this specific allotment is approximately 0.42%.

💡 This is a routine corporate action related to employee compensation with negligible dilution; investors should continue to monitor the company's core business performance.

XTGlobal Infotech Signs Term Sheet for Acquisition of US-Based IT/ITES Business

🟢 POSITIVE ⭐ 8/10

M&A 📅 16 Jan 2026, 01:38 PM

XTGlobal Infotech Limited has entered into a term sheet to acquire the entire business of a US-based IT/ITES entity to drive strategic growth and operational synergies. The acquisition is expected to be completed within approximately three months, subject to due diligence and definitive agreements. While specific financial details like turnover and cost are currently withheld due to commercial sensitivity, the consideration will be settled through cash or a share swap. This move signals the company's intent to expand its footprint and scale in the American technology services market.

Proposed acquisition of 100% business of a US-based IT/ITES firm to enhance global operations.
Transaction timeline estimated at 3 months for completion of due diligence and final agreements.
Consideration to be discharged via cash and/or share swap, subject to finalization of terms.
The target is a moderate-scale entity, and the transaction is being conducted at arm's length.

💡 Investors should watch for the execution of definitive agreements to understand the valuation and potential equity dilution from the share swap. The expansion into the US market is a positive indicator for long-term revenue growth.

XTGlobal Infotech Submits SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 07:24 PM

Xtglobal Infotech Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by KFIN Technologies Limited, confirms that all dematerialization and rematerialization requests for the quarter ended December 31, 2025, have been processed. This filing is a mandatory administrative requirement for listed companies in India to ensure the integrity of shareholding records. It indicates that the company is maintaining standard regulatory transparency with depositories like NSDL and CDSL.

Compliance certificate submitted for the quarter ended December 31, 2025.
Certificate issued by KFIN Technologies Limited, the company's Registrar and Share Transfer Agent (RTA).
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Verification completed for both National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd (CDSL).

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for actual performance indicators.

XTGlobal Infotech Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Dec 2025, 03:23 PM

XTGlobal Infotech Limited has informed the stock exchanges that its trading window will be closed starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the Un-Audited Financial Results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. The specific date for the Board Meeting to approve these results will be announced separately.

Trading window closure effective from January 1, 2026, for all insiders and designated persons.
Closure is related to the upcoming financial results for the quarter and nine months ended December 31, 2025.
The window will reopen 48 hours after the official announcement of the financial results.
The date for the Board Meeting to consider the results is yet to be finalized and will be intimated later.

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals; investors should monitor for the upcoming Q3 earnings date.

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💰 Financial Performance

Revenue Growth by Segment

IT Consulting services and products represent the majority of revenue, with Accounting Outsourcing contributing 10% and Automation products contributing 25% to 30%. Standalone revenue for Q2 FY26 was INR 17.98 Cr, a 1.2% increase from Q1 FY26 (INR 17.77 Cr), but a 2.8% decrease YoY from Q2 FY25 (INR 18.49 Cr). Consolidated revenue for Q2 FY26 stood at INR 94.41 Cr, up 2.3% from Q1 FY26 (INR 92.30 Cr).

Geographic Revenue Split

The majority of revenue is currently sourced from North America (USA). The company has recently initiated revenue generation from Australia and is looking to expand into the Middle East.

Profitability Margins

Standalone PAT margin for Q2 FY26 was 9.8%, improving by 125 bps from 8.6% in Q1 FY26. Consolidated PAT margin for Q2 FY26 was 3.6%, down from 4.0% in Q1 FY26. Standalone EBIT margins improved to 11.9% in Q2 FY26 from 9.9% in Q1 FY26.

EBITDA Margin

Standalone EBITDA margin for Q2 FY26 was 16.0%, a 182 bps improvement over Q1 FY26 (14.2%). However, this is a decline from 20.3% in Q2 FY25. Consolidated EBITDA margin for Q2 FY26 was 7.2%, consistent with Q1 FY26.

Capital Expenditure

As of September 30, 2025, Property, Plant & Equipment stood at INR 79.36 Cr (Consolidated) and Intangible Assets were INR 51.35 Cr. Total assets increased to INR 200.97 Cr from INR 189.94 Cr in the previous period.

Credit Rating & Borrowing

Total consolidated borrowings as of September 2025 were INR 49.77 Cr (INR 28.41 Cr non-current and INR 21.36 Cr current). Standalone finance costs for Q2 FY26 were INR 0.45 Cr, compared to INR 0.42 Cr in Q1 FY26.

⚙️ Operational Drivers

Raw Materials

Human capital is the primary operational cost, with employee costs accounting for 74% of standalone revenue (INR 13.31 Cr) and 50.5% of consolidated revenue (INR 47.65 Cr) in Q2 FY26.

Import Sources

Talent is primarily sourced from India to support the offshore delivery model for global clients, particularly in the US.

Key Suppliers

The company utilizes technical subcontractors, with costs amounting to INR 0.99 Cr (Standalone) and INR 35.68 Cr (Consolidated) in Q2 FY26.

Capacity Expansion

The company is expanding its Global Capability Center (GCC) model and offshore delivery capabilities to drive operational efficiency and margin growth.

Raw Material Costs

Consolidated employee costs increased to INR 47.65 Cr in Q2 FY26 from INR 46.52 Cr in Q1 FY26. Technical subcontractor costs represent 37.8% of consolidated revenue.

Manufacturing Efficiency

The company aims to reach a 15% EBITDA margin by increasing operational efficiency and utilizing the offshore delivery model more effectively.

📈 Strategic Growth

Expected Growth Rate

20% to 25%

Growth Strategy

Growth will be driven by the expansion of the GCC (Global Capability Center) model, scaling the 'Circulus' automation product, and growing the accounting outsourcing business (currently 10% of revenue). The company is also focusing on high-margin Cloud and Automation services and strengthening marketing through digital campaigns and inside sales.

Products & Services

IT Consulting services, Automation products (Circulus), Accounting Outsourcing, Cloud Services, and Vistex product support.

Brand Portfolio

XTGlobal, Circulus.

New Products/Services

Focus on expanding revenue streams in Accounting Outsourcing, Automation, and Cloud Services to capture high-margin opportunities.

Market Expansion

Targeting growth in the domestic Indian market, USA, Australia, and the Middle East.

Strategic Alliances

Partnerships with AWS, Microsoft, Mendix, and UiPath. The company is also a Vistex partner.

🌍 External Factors

Industry Trends

The industry is shifting toward Digital Transformation, Automation, and the GCC model. XTGlobal is positioning itself as a 'Strong Player' by aligning with these global IT trends.

Competitive Landscape

Faces competition from large international companies establishing their own subsidiaries in India and low-cost providers in China and Europe.

Competitive Moat

Moat is built on proven IT expertise, long-term client contracts, and specialized support for products like Vistex. Sustainability is driven by agility and adaptability to technology cycles.

Macro Economic Sensitivity

Highly sensitive to the economic conditions in the USA and Europe, as these regions provide the bulk of revenue.

Consumer Behavior

Clients are increasingly seeking automation and offshore delivery models to optimize their own operational costs.

Geopolitical Risks

Potential for more stringent norms for onsite consulting and restrictions on offshore projects due to changing political situations in the USA and Europe.