Xpro India Q2 FY27 Results: Standalone Net Profit ₹9.52 Crore on Total Income of ₹181 Crore
- Earnings
- polymer processing
Reviewed byRachit TripathiBlacklitt Research
Xpro India (NSE: XPROINDIA) reported standalone total income of ₹181.49 crore and net profit of ₹9.52 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. The filing covers standalone results only in the pages provided; the consolidated statement is not included.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹181.49 crore, up 46.3% YoY and 1.5% QoQ
- Net profit and EPS: ₹9.52 crore, up 62.4% YoY and down 2.7% QoQ; basic EPS ₹4.06
- Finance costs: ₹2.16 crore, up 141.6% YoY against ₹0.89 crore a year earlier
- Dividend: ₹2 per share for FY 2025-26, paid on 28 Jul 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 181.49 | 124.04 | +46.3% | 178.86 | +1.5% | |
| Revenue from operations | 176.69 | 119.91 | +47.4% | 174.42 | +1.3% |
| Other income | 4.79 | 4.13 | +16.1% | 4.44 | +7.9% |
| 9.52 | 5.86 | +62.4% | 9.79 | -2.7% | |
| Profit before tax | 12.79 | 7.60 | +68.3% | 13.72 | -6.8% |
| Finance costs | 2.16 | 0.89 | +141.6% | 2.09 | +3.1% |
| Depreciation | 4.97 | 2.83 | +75.8% | 4.90 | +1.3% |
| Tax expense | 3.27 | 1.73 | +88.5% | 3.93 | -16.9% |
| Net profit margin | 5.25% | 4.73% | +0.52 pp | 5.47% | -0.22 pp |
| EPS, basic (₹) | 4.06 | 2.52 | +61.1% | 4.17 | -2.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Tax was 25.6% of profit before tax, against 22.8% a year earlier.
Revenue from operations of ₹176.69 crore rose 47.4% year on year, faster than other income, which rose 16.1% to ₹4.79 crore. Other income is 2.6% of total income and 37.5% of profit before tax, so the quarter's profit rests mainly on operating revenue.
Finance costs more than doubled to ₹2.16 crore from ₹0.89 crore, and depreciation rose 75.8% to ₹4.97 crore. Finance costs are 1.2% of total income. The filing notes exchange fluctuation losses of ₹86.41 lakh for the quarter and ₹72.83 lakh for the six months, and says these may not be permanent.
Against the previous quarter, income rose 1.5% but profit before tax fell 6.8% and net profit fell 2.7%. The filing does not explain the change in total income or profit against either comparison quarter.
Inference
The filing reports a corporate guarantee of up to AED 83 million, about ₹215 crore, in favour of Emirates Development Bank for a subsidiary, Xpro Dielectric Films FZ-LLC, securing an AED 63 million term facility and an AED 20 million cash credit facility. The company says there will be no effective impact because the subsidiary is consolidated. The filing does not say whether the guarantee has been drawn or what amount is outstanding at 30 Sep 2026.
The board approved the appointment of BSRS & Co LLP as statutory auditors for five years from the 30th AGM in FY 2027-28, subject to shareholder approval, and Girish Behal as Managing Director and Chief Executive Officer from 1 Jan 2027. The filing does not state Girish Behal's remuneration.
The filing says unutilised warrant proceeds of ₹64.29 crore were held in bank deposits at 30 Sep 2026, pending final utilisation as intended. It does not say when that will happen.
Filed with BSE on . Reference: Original filing (PDF)
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