Summary

Xpro India Limited announced mixed financial results for Q4 and the full fiscal year ended March 31, 2026. While Q4 FY26 saw Profit After Tax increase by a robust 25.2% year-over-year to ₹11.6 crores, and EBITDA grow by 5.9% to ₹14.3 crores with improved margins of 10.7%, quarterly revenues declined by 15.1% to ₹134.4 crores. For the full fiscal year FY26, the company posted revenues of ₹505.5 crores and a PAT of ₹30.5 crores, representing a 5.6% and 30.3% year-over-year decrease respectively, influenced by market dynamics and non-cash accounting adjustments. The company achieved a significant expansion milestone with the commissioning of a new dielectric film line, doubling its capacity, and its UAE project remains on schedule, which management anticipates will provide a sound base for future growth.

Key Highlights

1. 1

   Xpro India Limited reported Q4 FY26 revenue of ₹134.4 crores, marking a 15.1% decline year-over-year.

2. 2

   Profit After Tax (PAT) for Q4 FY26 increased significantly by 25.2% year-over-year to ₹11.6 crores.

3. 3

   EBITDA for Q4 FY26 grew by 5.9% year-over-year to ₹14.3 crores, with EBITDA margins improving to 10.7% from 8.6% in Q4 FY25.

4. 4

   For the full fiscal year FY26, the company recorded revenues of ₹505.5 crores and a Profit After Tax of ₹30.5 crores, reflecting a 5.6% and 30.3% year-over-year decrease, respectively.

5. 5

   A key milestone was the commissioning of a new dielectric film line at Barjora on March 27, 2026, which doubled the company's nameplate capacity in India from 4,000 to 8,000 MT annually.

6. 6

   The implementation of the UAE project by its subsidiary, Xpro Dielectric Films FZ-LLC, remains on track, despite geopolitical vigilance due to regional conflicts.