Bengaluru, January 31, 2025 – Xchanging Solutions Limited (BSE: 532616, NSE: XCHANGING), a subsidiary of DXC Technology, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company also reported key leadership changes.
Key Financial Highlights (Standalone)
(₹ in lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
857
903
2,708
2,616
3,683
3,683
Total Income
1,223
1,274
8,167
3,988
10,730
12,560
Total Expenses
728
805
703
2,320
1,938
2,825
Profit Before Tax (PBT)
495
459
20,114
1,568
39,757
40,700
Profit After Tax (PAT)
628
325
18,476
1,461
35,949
36,650
EPS (₹ per share)
0.56
0.29
16.59
1.31
32.27
32.90
Standalone Performance Overview:
Revenue from operations declined to ₹857 lakh in Q3 FY25 from ₹903 lakh in Q2 FY25, reflecting a quarter-on-quarter slowdown.
Total income also dipped to ₹1,223 lakh, impacted by a decline in other income.
PAT improved to ₹628 lakh, compared to ₹325 lakh in the previous quarter, driven by cost optimizations.
The exceptional gain from loan recoveries seen in prior quarters was absent this quarter.
Key Financial Highlights (Consolidated)
(₹ in lakhs)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
4,564
4,446
4,248
13,416
12,996
17,442
Total Income
5,051
4,834
4,710
14,748
14,378
19,825
Total Expenses
3,449
3,358
3,322
10,007
9,971
13,007
Profit Before Tax (PBT)
1,851
1,476
1,388
4,741
4,407
6,618
Profit After Tax (PAT)
1,268
1,081
(264)
3,400
3,136
4,493
EPS (₹ per share)
1.80
0.88
(0.32)
3.14
3.12
4.23
Consolidated Performance Overview:
Revenue from operations saw a modest growth of 7.4% YoY to ₹4,564 lakh in Q3 FY25.
PAT stood at ₹1,268 lakh, improving significantly from a net loss of ₹264 lakh in Q3 FY24.
Operating expenses remained stable, aiding overall profitability.
Corporate Announcements
Leadership Change:
Mrs. Ishwarya R resigned as Company Secretary, Compliance Officer, and Nodal Officer, effective January 31, 2025.
Mrs. Radhika Khurana was appointed as the new Company Secretary and Compliance Officer, effective February 1, 2025. She has 12 years of experience in legal, secretarial, and regulatory affairs.
Board Meeting Details:
The Board meeting commenced at 11:24 AM IST and concluded at 2:17 PM IST.
Strategic Outlook
Xchanging Solutions Limited continues to navigate operational challenges while improving profitability. Despite a decline in revenue, cost efficiencies and stable subsidiary performance have supported earnings growth. With IT services as its core focus, the company aims to leverage strategic initiatives under DXC Technology to drive future expansion.