The call ran from 5:01 PM to 5:46 PM IST (45 min).
Key takeaways
Q2 revenue rose 63% YoY to ~₹110 Cr with a 20.4% EBITDA margin, but FY27 guidance was only 'hopeful', and the negative operating cash flow and receivables question went unanswered.
| Revenue growth | Q2 revenue +63% YoY to ~₹110 Cr; H1 +42%, implying Q1 ~11%. |
|---|---|
| Margins | Q2 EBITDA 20.42%; management says sustainable range 17.5-18%. |
| Order book | ₹390 Cr order book; ~₹90 Cr Q2 wins; ~50-55% billable this FY. |
| Demand visibility | Bid pipeline over ₹2,000 Cr; government share falling to 30-35%. |
| Management confidence | Upbeat; FY27 target answered with 'hopeful', not a commitment. |
Growth
Q2 revenue +63% YoY, but H1 +42% implies Q1 growth of only ~11%. Profit growth outpaces revenue growth.
Outlook
No FY27 revenue figure reaffirmed; analyst-cited ~₹500 Cr met only with 'hopeful'. Data centre 2MW ~₹130-140 Cr, partly debt-funded.
Risks
Management guides margins back to 17.5-18% vs 20% reported; OCF negative, receivables jump (24.38 vs 84.38 Cr conflicting), execution back-loaded to Q3-Q4.
Last quarter's promises, checked
Delivered
- Guided ~35% FY27 growth → H1 +42% YoY (= BEAT)
Partly delivered
- Guided 55-60% of ₹373 Cr order book executed in FY27 → ~50-55% billable (= PARTIAL)
- Guided FY27 revenue ₹500+ Cr → not reaffirmed, only 'hopeful' (= PARTIAL)
Missed
- Guided ~30% of ₹1,200 Cr pipeline (~₹360 Cr) closed in 1 qtr → ~₹90 Cr Q2 wins (= MISS)
- Guided +50-75 bps FY27 margin gain → now guides sustainable 17.5-18% vs 20.42% Q2 EBITDA (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Xtranet Technologies Q2 FY27 Results: Net Profit ₹13.7 Cr, Up 110.8% YoY
Xtranet Technologies Ltd reported revenue from operations of ₹109.7 Cr (+62.8% YoY) and net profit of ₹13.7 Cr (+110.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹13.7 Cr · +110.8% YoY
Call details
| Company | Xtranet Technologies Limited |
|---|---|
| NSE symbol | XTRANET |
| ISIN | INE0NG701011 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 5:00 PM IST |
| Length | 45 min |
| Audio | Our stream on YouTube ↗ |
Xtranet Technologies Limited: key numbers
- Share price
- ₹278.60
- Market cap
- ₹1,457 Cr
- Revenue (annual)
- ₹331.7 Cr
- Net profit (annual)
- ₹38.68 Cr
- Promoter holding
- 62.62%
- FII holding
- 2.54%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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