Xchanging Solutions, a small-cap IT company, is listed on BSE and NSE on both exchanges in India. The company’s market cap as of February 14, 2024, stood at Rs 1,671.06 crore. Today, the company’s shares opened at Rs 139.80 and reached a 52-week high of Rs 154.50. The company’s stock closed at Rs 149.75 on the NSE and saw an upside gain of 15.92%.
The company is almost debt-free and recently announced its financial results for the quarter ending December 31, 2023, and also declared a dividend of Rs 15 per share for FY24.The Board of Directors approved the payment of the 2nd interim dividend of INR 15/- (150%) per equity share with a face value of INR 10/- each.
The company’s standalone net sales decreased by 2.14% to Rs. 8.70 crore in the December 2023 quarter from Rs. 8.89 crore in the same quarter the previous year.In Q3 FY24, its standalone net profit increased to Rs. 184.76 crore from Rs. 1.93 crore in Q3 FY23, a 9473.06% jump. The company’s EBITDA climbed by 1888.83% from Rs. 3.76 crore in the year-ago quarter to Rs. 74.78 crore in the quarter under review. The company shares have given smart returns of 149.17% over the year and 242.68% in the last five years.
Xchanging Solutions Ltd. offers a wide range of IT services, including analytics, engineering, applications, cloud, consulting, insurance (BPaaS and BPO), IT outsourcing, modern workplaces, and security. The company was founded Founded in 1999 by David Andrews, a former partner at Andersen Consulting,.
DXC Technology Company owns 75% of the outstanding share capital of the company. The company has an international presence and operates in 70+ countries worldwide, with the USA accounting for 63% of revenues in FY22. The company earned 98% of its revenues from time and materials contracts and annual maintenance contracts.
The company has a strong client profile that includes the Scottish Government, CRODA, Zeiss, Alstom, Baloise, Galicia, DreamWorks, Lockheed Martin, Uniper, KION Group, Wilton-RE, and others.
Management of Xchanging Solutions Ltd.
Name
Designation
Nachiket Vibhakar Sukhtankar-
Managing Director & CEO
Shrenik Kumar Champalal
WholeTime Director & CFO
Gidugu Kalpana Tatavarti
Non Executive Director
Nonavinakeri Srinivasaiyengar Rama
Independent Director
Henry D’Souza
Independent Director
Pankaj Vaish
Independent Director
Registered Address of Xchanging Solutions Ltd.
HP Avenue, 39/40, Electronic City,,Hosur Main Road, Bengaluru Karnataka 560100
This is a comprehensive guide to Xchanging Solutions Ltd. The above-mentioned information and data are as of February 14, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please write in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.
