Xelpmoc Design and Tech reports Q4FY26 results, portfolio value rises

Xelpmoc Design and Tech Limited has released the transcript of its earnings call held on June 01, 2026, discussing operational and financial performance for the quarter and year ended March 31, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported a rise in consolidated operating revenue for Q4 FY26 to INR10.8 million, compared to INR7.1 million in Q4 FY25, while narrowing its net loss to INR17.8 million from INR18.4 million in the prior year.

The earnings call, moderated by Mr. Ravi Udeshi from Ernst & Young, featured management commentary from Mr. Sandipan Chattopadhyay, Managing Director and CEO; Mr. Srinivas Koora, Whole-Time Director and CFO; and Mr. Jaison Jose, Whole-Time Director. Management highlighted that 100% of revenues now originate from the corporate segment, with a strategic focus on data science, artificial intelligence, and machine learning products.

Financial Performance

Operating EBITDA adjusted for the quarter was negative INR15.6 million, compared to negative INR15.3 million in Q4 FY25. The net loss for the quarter was INR17.8 million, partially attributed to INR2.4 million of ESOP expenditure. The company's team size stood at 63, including employees, interns, and consultants, compared to 59 in the preceding quarter.

Metric	Q4 FY26	Q4 FY25
Consolidated Operating Revenue	INR10.8 million	INR7.1 million
Operating EBITDA (Adjusted)	Negative INR15.6 million	Negative INR15.3 million
Net Loss	INR17.8 million	INR18.4 million

Portfolio and Product Updates

The fair value of investments in portfolio companies stood at approximately INR726.8 million as of March 31, 2026, up from INR631.8 million a year earlier. Key portfolio updates included Mihup securing a multimillion-dollar contract with Tata Motors and onboarding HDFC, and Woovly achieving an ARR of USD4.1 million with 245 brands.

Management emphasized the development of in-house products DocuXray, a generative AI platform for document processing, and RELY, an Agetech platform. RELY has onboarded operators in the assisted living and senior living segments, with management indicating product-market fit and a pipeline of deployments. The company stated it is not looking to onboard new startups unless exceptional opportunities arise, focusing instead on achieving EBITDA profitability through its own products and services.

The submission to the exchanges was signed by Vaishali Shetty, Company Secretary & Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.73%	-8.11%	-5.91%	-23.92%	-1.00%	-67.59%

Xelpmoc Design and Tech Limited reported a 4.1% year-on-year decline in revenue from operations to ₹37.4 million for the financial year ended March 31, 2026 (FY26), compared to ₹39.0 million in FY25. Despite the revenue dip, the company narrowed its Adjusted Operating EBITDA loss to ₹63.0 million in FY26 from ₹73.2 million in the previous year. The Board of Directors approved the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, along with the Audited Financial Statements. Additionally, the Board appointed Mr. Naushad Vali as Chief Technology Officer effective June 01, 2026, and re-appointed M/s. Venu & Vinay, Chartered Accountants, as Internal Auditor for FY27.

The company published an advertisement containing the financial results in the Financial Express and Hosadigantha newspapers on May 31, 2026, in compliance with Regulation 30 and Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement of audited financial results was reviewed by the Audit Committee and approved by the Board on May 29, 2026. The Statutory Auditors have expressed an unmodified audit opinion on the results.

Consolidated Financial Performance

The financial performance for FY26 reflects the company's emphasis on optimizing its cost structure alongside its technology services. Total operating revenue for the year decreased to ₹37.4 million from ₹39.0 million in FY25. The Adjusted Operating EBITDA loss improved to ₹63.0 million from ₹73.2 million in the prior year.

Financial Metric (Rs in Millions)	FY26	FY25	YoY %
Revenue from Operations	37.4	39.0	(4.1%)
Adjusted Operating EBITDA	(63.0)*	(73.2)*	NA

*Adjusted Operating EBITDA excludes ESOP expenses of ₹8.2 million for FY26 and ₹0.5 million for FY25.

Quarterly Performance Review

In Q4FY26, the company reported revenue of ₹10.8 million, a significant increase from ₹7.1 million in Q4FY25. However, on a sequential basis, revenue decreased from ₹11.2 million in Q3FY26. The Adjusted Operating EBITDA for Q4FY26 was reported at a loss of ₹15.6 million, compared to a loss of ₹15.3 million in Q4FY25.

Financial Metric (Rs in Millions)	Q4FY26	Q4FY25	YoY %
Revenue from Operations	10.8	7.1	52.8%
Adjusted Operating EBITDA	(15.6)*	(15.3)*	NA

*Adjusted Operating EBITDA excludes ESOP expenses of ₹2.4 million for Q4FY26.

Investment and Operational Highlights

The fair value of the company's portfolio investments stood at approximately ₹726.8 million as of March 31, 2026. During the year, Xelpmoc executed a partial divestment of its investment in Mihup Communications Private Limited for a total consideration of ₹100 million, strengthening its liquidity. The company remains focused on building next-generation technology in Data Science, Artificial Intelligence, and Machine Learning, serving a range of clients from startups to established enterprises.