XPRO India Ltd (XPROINDIA) Quarterly Report Analysis & Insights

XPRO India Ltd

| Standalone Financial Results – Q4 & FY 2025-26

⬤25th Jun 26

Summary : Xpro India Limited reported audited FY26 results, recommended a dividend, and noted foreign exchange impacts and new Labour Code implications.

Quarterly Report Analysis & Insights

Financial Disclosures

Standalone Cost of materials consumed: INR 35000.77 Lacs (FY26).
Consolidated Finance costs: INR 751.72 Lacs (FY26).
Consolidated Depreciation and amortisation: INR 1198.74 Lacs (FY26).
Standalone Revenue from operations: INR 50549.23 Lacs (FY26).
Consolidated Revenue from operations: INR 50549.23 Lacs (FY26).
Segmented revenue from India and Outside India.
Standalone Net cash flow from operating activities: INR 2422.02 Lacs (FY26).
Consolidated Net cash flow used in investing activities: (INR 16104.68) Lacs (FY26).
Consolidated Net cash flow from financing activities: INR 15070.89 Lacs (FY26).
Standalone Total assets: INR 93575.15 Lacs (FY26).
Consolidated Total assets: INR 121833.87 Lacs (FY26).
Consolidated Total equity: INR 79843.94 Lacs (FY26).
Both standalone and consolidated results presented.
Consolidated includes Xpro India Limited and Xpro Dielectric Films FZ-LLC.
Unmodified audit opinion for both standalone and consolidated.

Corporate Overview

Primarily operates in India.
Subsidiary Xpro Dielectric Films FZ-LLC in UAE.
Foreign exchange fluctuations impacting Euro-denominated borrowings.
Impact of new Labour Codes on employee liabilities.
Predominantly in Polymer Processing segment.
Operates through holding company and subsidiary.
Factual and compliant reporting of financial results.
Focus on regulatory adherence and transparency.
Revenue from operations in India.
Revenue from operations Outside India.
Liquidity progressively deployed towards capital projects.
Unutilised warrant proceeds pending final utilization.
Subsidiary XDF issued shares to support growth.

Risk Factors

Foreign exchange fluctuations impacting borrowings.
New Labour Codes affect employee liabilities.
Market conditions and product-mix dynamics.
Lower interest income from capital deployment.

Key Drivers

Recommended dividend of INR 2.00 per share.
Capital deployed towards new projects.
Subsidiary XDF issued shares for growth.
Unutilised warrant proceeds for future use.

Auditor’s Report

Unmodified opinion on standalone financial results.
Unmodified opinion on consolidated financial results.

Board Commentary

Recommended dividend of INR 2.00 per equity share for FY26.
Foreign exchange differences on Euro-denominated credits.
Impact of new Labour Codes on gratuity and absences liability.
Compliance with SEBI Listing Regulations.
Impact of new Labour Codes on liabilities.
Liquidity deployed towards capital projects.
Unutilised warrant proceeds pending final utilization.
Subsidiary XDF issued shares for growth.

Corporate Governance

Auditors complied with Code of Ethics.
Auditors confirm independence from Company/Group.
Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Future Strategy

Deploying liquidity towards capital projects.
Monitoring new Labour Codes for accounting effect.
Utilizing warrant proceeds for intended purposes.

Macroeconomic Outlook

Global movements impacting EUR/INR exchange rates.
New Labour Codes introduced by Government of India.

Operational Focus Areas

Monitoring new Labour Codes implementation.
Finalizing utilization of warrant proceeds.

Performance Drivers

Market conditions and usual seasonality.
Product-mix dynamics.
Lower interest income due to capital deployment.

Risk Control Measures

Fluctuations may reverse or adjust over long-term.
Monitoring Labour Codes for appropriate accounting effect.

Critical Risks

Foreign exchange fluctuations on Euro-denominated credits.
Potential impact of new Labour Codes on liabilities.