Xchanging's Q1 profit included Rs 3.56 cr of other income
The consolidated business reported a 33.54% operating margin, while tax reduced profit before tax of Rs 20.46 cr to Rs 15.12 cr.
Filed 13 Aug 2026, 11:44 IST · XCHANGING (XCHANGING)
Key takeaways
- Consolidated operating profit was Rs 17.99 cr on revenue of Rs 53.64 cr, giving a 33.54% operating margin.
- Other income contributed Rs 3.56 cr to consolidated profit before tax of Rs 20.46 cr.
- Consolidated net profit was Rs 15.12 cr after a 26.1% tax rate, with EPS at Rs 1.36.
Operating business delivered a 33.54% margin
Xchanging's consolidated operations generated Rs 17.99 cr of operating profit from Rs 53.64 cr of revenue in Q1FY27. That leaves the core business with a 33.54% operating margin before interest and tax. Expenses were Rs 35.65 cr, against interest of Rs 1.09 cr.
Other income supported pre-tax profit
Other income added Rs 3.56 cr to consolidated profit before tax of Rs 20.46 cr, so reported pre-tax earnings included a non-operating contribution. Tax of Rs 5.34 cr brought net profit to Rs 15.12 cr at a 26.1% tax rate. EPS was Rs 1.36.
No comparative or market-reaction read-through yet
The quarter has no year-on-year or sequential comparison in the reported set, so the direction of revenue, costs and operating margin cannot be assessed here. There is also no post-results stock reaction history attached to this quarter.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹54 cr |
| Other income | ₹4 cr |
| Expenses | ₹36 cr |
| Operating profit | ₹18 cr |
| Operating margin (%) | 33.54% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹20 cr |
| Tax | ₹5 cr |
| Net profit | ₹15 cr |
| EPS (₹) | ₹1.36 |
What to watch
- Whether operating margin holds above 33.54% next quarter.
- The contribution of other income relative to Rs 3.56 cr.
- Whether EPS moves above or below Rs 1.36.