20% Upper Circuit: IT Stock Skyrockets After Securing Order for AI Engineering Services

Synopsis: XTGlobal Infotech secured a ₹7.2 crore AI engineering services order from the Texas Department of Transportation. The six-month project will strengthen its U.S. public sector presence, with a possible extension.

This Penny IT stock under Rs. 50, engaged in software product development, training, IT services, business process outsourcing, cloud infrastructure, and robotic process automation, hit a 20 percent upper circuit after securing an order from the Texas Department of Transportation for AI-enabled engineering services

With a market capitalization of Rs. 445.02 crores, the shares of XTGlobal Infotech Limited hit a 20 percent upper circuit of Rs. 33.18 per share on Thursday, up from its previous closing price of Rs. 27.65 per share. 

Reason Behind the Surge

XTGlobal Infotech Limited has secured an order from the Texas Department of Transportation (TxDOT), USA, through its U.S. subsidiary XTGlobal Inc. The company will provide AI-enabled services for engineering solutions, with a total contract value of about USD 796,900 (around Rs. 7.2 crore). The project was awarded through a competitive bidding process and will strengthen XTGlobal’s presence in the U.S. public sector and transportation segment.

The project will run for six months from March 16 to September 30, 2026, and will focus on developing and implementing AI-based engineering solutions. The work includes AI-driven document processing, automation, and cloud-based deployment. The contract is part of the company’s regular business operations and may be extended for another six months.

Services and solutions

XTGlobal Infotech provides application development, cloud and infrastructure services, ERP-related work, robotic process automation (RPA), low-code development, quality assurance, and test planning (manual and automated). 

The company also delivers “Circulus” enterprise services in areas like accounts payable automation, document process automation, data extraction and image review, indicating a strong focus on workflow and back-office digitization.

Company Overview

XTGlobal Infotech Limited was incorporated on July 29, 1986, as Frontier Informatics Limited. It is an Indian information technology and IT-enabled services company, listed on Indian stock exchanges and engaged in software development, consulting, and outsourcing services. It operates in both domestic and international markets, serving enterprises with application development, cloud, automation and business process services.

Recent Quarter Results

Coming into financial highlights, XTGlobal Infotech Limited’s revenue has increased from Rs. 49.05 crore in Q3 FY25 to Rs. 92.49 crore in Q3 FY26, which has grown by 88.56 percent. The net profit has also grown by 0.54 percent from Rs. 3.68 crore in Q3 FY25 to Rs. 3.70 crore in Q3 FY26.

XTGlobal Infotech Limited’s revenue and net profit have grown at a CAGR of 3.71 percent and 20.11 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 7.55 percent and 5.21 percent, respectively. XTGlobal Infotech Limited has an earnings per share (EPS) of Rs. 0.69, and its debt-to-equity ratio is 0.27x.

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