Xchanging Solutions share price & results
- Jun 2026
- Sept 2026
Bengaluru-based IT-enabled-services (ITeS) offshore delivery arm of DXC Technology, providing services to its US group company
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9.4 | −12.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 22.1 | −7.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4.0 | −16.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.92 | +1.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 20.20 | −6.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.38 | +3.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −33.6% 1Y
1Y: ₹85.82 on 24 Oct 2025 → ₹57.01. High ₹95.46 (30 Oct 2025), low ₹47.79 (30 Mar 2026).
- Previous close
- ₹55.71
- Market cap
- ₹628 Cr
- 52-week range
- ₹47.79 – ₹95.46
- One year
- −33.66%
- Price to earnings (TTM to Jun 2026)
- 10.47×
- Return on equity (TTM to Jun 2026)
- 15.92%
Overview
- Symbol
- NSE:XCHANGING
- Sector
- Information Technology
- Exchange
- NSE
- Currency
- INR
What Xchanging Solutions Limited does
Based on the company's own presentations, annual report and earnings calls.
Xchanging Solutions Limited, incorporated in 2002, is an Information Technology (IT) service provider based in Bengaluru with operations in India and an international presence through subsidiaries. It is a 75%-owned subsidiary of DXC Technology Company (NYSE-listed), held via Xchanging (Mauritius) Limited, Xchanging Technology Services India Private Limited and DXC Technology India Private Limited. The company's principal business is providing ITeS off-shore services to its wholly-owned US subsidiary, Xchanging Solutions (USA) Inc., under an ongoing arm's-length arrangement.
Segments
- ITeS offshore delivery
- Permanent employees
- 95
- Direct subsidiaries
- 2 (Xchanging Solutions (USA) Inc.; Xchanging Solutions Singapore Pte. Ltd.)
- Step-down subsidiaries
- 1 (Nexplicit Infotech India Private Limited, under liquidation)
- Delivery location
- Bengaluru, Karnataka
- Ultimate parent ownership
- 75% held by DXC Technology group entities
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −16% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9 | 9 | 12 | 11 | 12 | 10 | 9 | 9 |
| Expenses | 8 | 7 | 8 | 8 | 9 | 8 | 6 | 7 |
| Operating profit | 1 | 1 | 3 | 3 | 3 | 2 | 3 | 2 |
| Operating margin | 12.2% | 15.6% | 29.6% | 29.3% | 26.6% | 17.5% | 30.7% | 22.1% |
| Other income | 4 | 4 | 3 | 3 | 20 | 3 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 5 | 7 | 7 | 23 | 5 | 6 | 6 |
| Tax rate | 30.7% | −26.9% | 27.9% | 28.1% | −3.0% | 29.2% | 15.7% | 28.8% |
| Net profit | 3 | 6 | 5 | 5 | 24 | 3 | 5 | 4 |
| EPS (₹ per share) | 0.29 | 0.56 | 0.45 | 0.42 | 2.15 | 0.31 | 0.43 | 0.35 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 174 | 37 | 39 | 41 |
| Expenses | 125 | 28 | 31 | 30 |
| Operating profit | 50 | 9 | 8 | 11 |
| Other income | 10 | 398 | 16 | 30 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 0 | 0 |
| Profit before tax | 60 | 407 | 24 | 40 |
| Net profit | 45 | 367 | 20 | 37 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 111 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 156 | 170 | 203 | 178 | 256 | 193 |
| Borrowings | 2 | 1 | 1 | 0 | 89 | 0 |
| Other liabilities | 41 | 39 | 38 | 35 | 57 | 31 |
| Total liabilities | 310 | 322 | 353 | 325 | 513 | 336 |
| Fixed assets | 2 | 2 | 1 | 0 | 158 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 52 | 52 | 52 | 52 | 0 | 52 |
| Other assets | 256 | 269 | 300 | 273 | 354 | 284 |
| Total assets | 310 | 322 | 353 | 325 | 513 | 336 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 13 | 11 | 10 | -33 | 12 | 5 |
| Cash from investing | 8 | 7 | 9 | 412 | 14 | 30 |
| Cash from financing | -1 | -1 | 0 | -335 | -45 | -22 |
| Net cash flow | 19 | 18 | 18 | 45 | -18 | 12 |
| Free cash flow | 13 | 11 | 10 | -33 | 13 | 5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 44 | 42 | 34 | 41 | 52 | 29 |
| Cash conversion cycle | 44 | 42 | 34 | 41 | 52 | 29 |
| Working capital days | -303 | -178 | -287 | -284 | -246 | -217 |
| Return on capital employed | 9.0% | 9.0% | 7.0% | 33.0% | 8.0% | 14.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 103.0% | 114.0% | 60.0% |
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions cut 0.20 pts since Jun 2026.
- Promoters 75.00%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 24.99%
Who is on the register
Named in the Sep 2026 filing
Every holder of Xchanging Solutions Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 52.07% | unchanged | |
| 19.16% | unchanged | |
| 3.77% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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