XtraNet H1 revenue rises 42% as profit reaches Rs 19.75 crore

XtraNet Technologies Limited reported consolidated revenue from operations of Rs 160.15 crore for the half year ended September 30, 2026, up 42% from Rs 113.09 crore a year earlier, while profit after tax nearly doubled to Rs 19.75 crore from Rs 9.90 crore. The unaudited results were reviewed on November 2, 2026.

How did XtraNet perform in the first half of 2026-2027?

XtraNet increased revenue from operations by Rs 47.06 crore to Rs 160.15 crore in the half year ended September 30, 2026, from Rs 113.09 crore in the corresponding half of 2025-2026. Other income rose to Rs 60.27 lakh from Rs 16.88 lakh, taking total income to Rs 160.75 crore from Rs 113.26 crore.

Total expenses increased to Rs 135.49 crore from Rs 101.57 crore, but the increase was lower than the rise in total income. As a result, profit before tax reached Rs 25.26 crore, compared with Rs 11.68 crore in the earlier half-year period. The reported profit-before-tax increase was Rs 13.58 crore.

Total tax expense was Rs 5.51 crore in the latest half year, comprising current tax of Rs 6.59 crore and a deferred-tax credit of Rs 1.08 crore. Consolidated profit after tax was Rs 19.75 crore, up Rs 9.86 crore from Rs 9.90 crore a year earlier. Profit attributable to owners was Rs 20.73 crore, while non-controlling interests recorded a loss of Rs 97.72 lakh.

Based on the reported figures, profit after tax represented about 12.3% of revenue from operations in the September 2026 half year, compared with about 8.8% in the September 2025 half year. The filing does not provide a business-segment or product-level revenue split, so it does not specify the source of the Rs 47.06 crore increase in revenue.

Which costs changed most for XtraNet in the first half?

XtraNet's largest first-half expense was purchase of stock-in-trade, which rose by Rs 24.11 crore to Rs 89.75 crore from Rs 65.64 crore. This line accounted for most of the Rs 33.91 crore rise in total expenses between the two reported half-year periods.

Employee-benefit expenses increased to Rs 15.74 crore from Rs 14.32 crore, while other expenses rose to Rs 21.90 crore from Rs 16.75 crore. Finance costs increased to Rs 3.51 crore from Rs 2.02 crore, and depreciation and amortisation rose to Rs 4.63 crore from Rs 1.19 crore.

The inventory-change line moved from an expense of Rs 165.19 lakh in the September 2025 half year to a reduction in expenses of Rs 5.03 lakh in the latest half. That movement improved the reported expense position by Rs 170.22 lakh, although the filing does not explain the operational reason for the inventory change.

The increase in finance costs coincided with a change in the group's borrowings during the period. The balance sheet reported non-current borrowings of Rs 23.65 crore and current borrowings of Rs 38.65 crore at September 30, 2026, compared with Rs 41.48 crore and Rs 43.96 crore, respectively, at March 31, 2026.

What did XtraNet report for the September 2026 quarter?

XtraNet reported revenue from operations of Rs 109.69 crore for the quarter ended September 30, 2026, compared with Rs 50.46 crore in the June 2026 quarter and Rs 67.43 crore in the September 2025 quarter. The September quarter supplied Rs 109.69 crore of the Rs 160.15 crore reported for the first half.

Quarterly total income was Rs 109.84 crore and expenses were Rs 92.01 crore, resulting in profit before tax of Rs 17.82 crore. Profit after tax for the September quarter was Rs 13.72 crore, compared with Rs 6.04 crore in the June 2026 quarter and Rs 6.50 crore in the September 2025 quarter.

Purchase of stock-in-trade rose to Rs 64.87 crore in the September quarter from Rs 24.88 crore in the June quarter. Other expenses increased to Rs 15.10 crore from Rs 6.80 crore over the same period, while depreciation and amortisation rose to Rs 2.95 crore from Rs 1.68 crore.

Profit attributable to owners was Rs 14.66 crore for the September quarter, while the non-controlling-interest loss was Rs 94.41 lakh. Total comprehensive income was Rs 13.72 crore, matching profit after tax because the interim statement reported no other comprehensive income for the quarter.

What changed in XtraNet's balance sheet and cash flows?

XtraNet's total assets increased to Rs 475.34 crore at September 30, 2026, from Rs 341.97 crore at March 31, 2026. Total equity including non-controlling interests rose to Rs 303.15 crore from Rs 135.72 crore, while equity share capital increased to Rs 52.29 crore from Rs 39.15 crore.

Other equity rose to Rs 251.55 crore at September 30 from Rs 96.86 crore at the March year-end. The consolidated cash-flow statement reported Rs 13.13 crore of share-issue proceeds and Rs 136.60 crore of additional securities premium during the half year, contributing to financing cash inflow of Rs 123.07 crore.

Cash and cash equivalents increased to Rs 67.17 crore at September 30 from Rs 1.46 crore at March 31. Trade receivables rose to Rs 138.81 crore from Rs 114.44 crore, whereas inventories were largely unchanged at Rs 78.86 crore compared with Rs 78.81 crore.

The cash-flow statement reported net cash used in operating activities of Rs 36.57 crore for the half year, against net cash generated from operating activities of Rs 27.57 crore in the comparative period. It also showed investing cash outflow of Rs 20.78 crore, including Rs 19.65 crore spent on property, plant and equipment.

Financing cash flows included net repayment of borrowings of Rs 23.15 crore and interest paid of Rs 3.51 crore. Net cash generated from financing activities of Rs 123.07 crore exceeded the operating and investing outflows, producing a net increase of Rs 65.71 crore in cash and cash equivalents during the half year.

Conclusion

XtraNet's first-half results combined 42% revenue growth with a near-doubling of profit after tax, as total income rose by Rs 47.49 crore and expenses increased by Rs 33.91 crore. The September quarter delivered the larger portion of first-half revenue and profit, while purchases of stock-in-trade remained the biggest reported cost.

The filing does not disclose a revenue target, operating plan or next reporting date. The next results will show whether XtraNet can sustain the September-quarter revenue level, whether trade receivables of Rs 138.81 crore convert into operating cash, and how the Rs 36.57 crore first-half operating cash outflow develops.