XPRO India Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Industrial Products | Market Cap: ₹2.6K Cr
Barjora line commercial production expected to start by September 2025, with near full capacity utilization anticipated next year. The company is ramping up new production lines at Barjora (India) and Ras Al Khaimah (UAE), expected to boost future revenues significantly (INR150-200 crores per plant initially).
From XPRO India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,142
Market Cap
₹2.6K Cr
P/E Ratio
78.8
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XPRO India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹134 Cr, net profit ₹13 Cr.
Full financials →📊 Revenue & Sales Performance
- →Barjora line commercial production expected to start by September 2025, with near full capacity utilization anticipated next year.
- →Revenue potential per new plant (Barjora and UAE) estimated in the range of INR150-200 crores initially, with growth expected as thinner films stabilize.
- →The Ras Al Khaimah (UAE) plant dry runs to begin in Q4 2025, targeting global markets, especially strategic exports to Europe and the USA.
- →Indian market demand is about 15,000 tons; Xpro currently meets ~30% of this, with a peer contributing similarly, together covering about 50%.
- →New capacities are aimed at replacing imports and capturing growing demand domestically and globally.
- →Capacitor manufacturers in India plan to expand capacity by about 50%, which will increase demand for Xpro's products.
- →Growth driven by demand for thinner, higher-value variants, and expansion in coextruded sheets and thermoform liners showing 25% production increase.
- →Overall, strong volume growth and revenue rise expected due to capacity ramp-up and market capture.
📈 Profitability & Margins
- →The company is ramping up new production lines at Barjora (India) and Ras Al Khaimah (UAE), expected to boost future revenues significantly (INR150-200 crores per plant initially).
- →Growth driven by global demand for capacitor films and coextruded sheets, with the Indian dielectric film market having around 15,000 tons demand and the company holding ~33% market share.
- →Price adjustments have been made strategically to prepare for capacity additions rather than due to market compulsion, indicating a focus on long-term sustainable margins.
- →Expansion into Middle East is aimed at supplying global markets including the U.S., potentially reducing dependence on China and improving competitiveness.
- →EBITDA margins impacted recently due to Coex business growth (lower margin) and pricing strategy, but margins expected to improve when price corrections are implemented.
- →Company maintains near 100% utilization in dielectric film and expects steady improvement in profitability alongside capacity ramp-up.
🏗️ Capital Expenditure Plans
- →Barjora plant (West Bengal) has started dry runs; commercial production expected around September 2025.
- →Ras Al Khaimah (RAK), UAE project under construction; dry runs expected in the last quarter of 2025.
- →Barjora line has a revenue potential of INR150-200 crores per annum at start; UAE plant similar.
- →Capital funding for Barjora and UAE plants is tied up; pending replacement of some damaged components by mid-June 2025.
- →Total capital raised through warrants and QIP being utilized as planned; promoter group invested with lock-in.
- →Both projects faced supply/logistical delays due to customized machinery and transit damages but are now on track.
- →The company holds fixed deposits as balance capex funds for plant setup.
- →Barjora capacity ramp-up to full utilization expected next year.
- →Strategy focuses on reducing imports and capturing domestic and export markets with new capacities.
💰 Fundraising & Capital Structure
- →No new fundraising through debt or equity is currently planned.
- →The funding for the Barjora and UAE plant projects is broadly complete, with all arrangements tied up.
- →Balance requirements for plant construction are held in fixed deposits.
- →Capital raised through previous preferential issues and QIP is being utilized as intended.
- →Promoter group has invested in preferential offers and converted warrants early, subject to longer lock-in periods.
- →Equity capital is expected to rise upon full conversion of outstanding warrants by July 2025.
- →No outstanding long-term borrowings for existing operations.
- →The company opted for supplier credit (ECB) for the Barjora line setup, increasing long-term debt by INR110 crores.
📋 Order Book & Pipeline
- →The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Xpro India Limited.
- →However, it is indicated that the company has strong customer tie-ups for the Barjora line, with many customers eagerly waiting and ready for formal deliveries.
- →The company expects to ramp up capacity utilization close to full capacity next year for the new Barjora line.
- →Expansion projects like the Ras Al Khaimah plant are progressing steadily, with dry runs expected in the last quarter of the calendar year, indicating future order fulfillment capabilities.
- →The company focuses on capitalizing on domestic demand and importing replacement, implying an active pipeline of business.
- →Customers, including big capacitor manufacturers, are expanding capacity, indicating expected steady or growing orders from existing clients.
- →Overall, demand appears strong with ready markets and strategies in place to quickly load new capacities.
Key Metrics
Frequently Asked Questions
What were XPRO India Ltd Q4 FY25 results?
Barjora line commercial production expected to start by September 2025, with near full capacity utilization anticipated next year. The company is ramping up new production lines at Barjora (India) and Ras Al Khaimah (UAE), expected to boost future revenues significantly (INR150-200 crores per plant initially).
What is XPRO India Ltd share price analysis?
XPRO India Ltd currently shows a neutral. The stock trades at a P/E of 78.8 with a market cap of ₹2,575 Cr. Investors should review the full earnings analysis for detailed insights.
Is XPRO India Ltd planning capital expenditure?
Barjora plant (West Bengal) has started dry runs; commercial production expected around September 2025.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.