Hexaware Technologies Ltd.
HEXTInformation Technology filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
5 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 5 documents here); elsewhere sentences render unattributed.
HEXT
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 499.35 |
| 52-week range | 407.0 – 792.55 |
| Return 1M | -10.33% |
| Return 3M | 0.91% |
| Return 1Y | -29.05% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 3,845.00 |
| Other income | -50.00 |
| Total income | 3,795.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 2,266.00 |
| Finance costs | 33.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.74 | 0.00 |
| institutions foreign | 0.03 | -0.01 |
| institutions domestic | 0.16 | 0.01 |
| mutual funds | 0.16 | 0.01 |
| public | 0.26 | 0.00 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,154.00 | 3,208.00 | 3,261.00 | 3,484.00 | 3,478.00 | 3,613.00 | 3,845.00 |
| Other income | 24.00 | 4.00 | 160.00 | 10.00 | 214.00 | 22.00 | -50.00 |
| Total income | 3,178.00 | 3,212.00 | 3,421.00 | 3,494.00 | 3,692.00 | 3,635.00 | 3,795.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 1,820.00 | 1,862.00 | 1,908.00 | 1,984.00 | 2,040.00 | 2,146.00 | 2,266.00 |
| Finance costs | 21.00 | 22.00 | 21.00 | 26.00 | 31.00 | 29.00 | 33.00 |
| Depreciation and amortisation | 76.00 | 74.00 | 75.00 | 89.00 | 124.00 | 91.00 | 82.00 |
| Other expenses | 844.00 | 818.00 | 948.00 | 899.00 | 1,060.00 | 896.00 | 974.00 |
| Total expenses | 2,761.00 | 2,776.00 | 2,952.00 | 2,997.00 | 3,255.00 | 3,162.00 | 3,354.00 |
| Profit before exceptional items and tax | 417.00 | 436.00 | 468.00 | 497.00 | 437.00 | 473.00 | 441.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -111.00 | 0.00 | 0.00 |
| Profit before tax | 417.00 | 436.00 | 468.00 | 497.00 | 326.00 | 473.00 | 441.00 |
| Current tax | 56.00 | 123.00 | 79.00 | 137.00 | 112.00 | 125.00 | 122.00 |
| Deferred tax | 40.00 | -14.00 | 9.00 | -10.00 | -78.00 | -4.00 | -12.00 |
| Tax expense | 96.00 | 109.00 | 89.00 | 127.00 | 34.00 | 121.00 | 110.00 |
| Profit for the period | 321.00 | 327.00 | 380.00 | 370.00 | 292.00 | 352.00 | 330.00 |
| Profit attributable to owners | 319.00 | 327.00 | 380.00 | 370.00 | 292.00 | 352.00 | 330.00 |
| Profit attributable to non-controlling interests | 2.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
| Other comprehensive income | 19.00 | 35.00 | 33.00 | 57.00 | 64.00 | 97.00 | 97.00 |
| Total comprehensive income | 340.00 | 362.00 | 413.00 | 426.00 | 355.00 | 449.00 | 427.00 |
| Earnings per share, basic | 5.25 | 5.38 | 6.25 | 6.09 | 4.79 | 5.77 | 5.41 |
| Earnings per share, diluted | 5.23 | 5.29 | 6.15 | 5.99 | 4.72 | 5.71 | 5.38 |
Annual results, as filed
| Line | 2024-12-31 | 2025-12-31 |
|---|---|---|
| Revenue from operations | 11,974.00 | 13,430.00 |
| Other income | 75.00 | 388.00 |
| Total income | 12,049.00 | 13,819.00 |
| Cost of materials consumed | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 |
| Employee benefit expense | 6,965.00 | 7,794.00 |
| Finance costs | 66.00 | 100.00 |
| Depreciation and amortisation | 279.00 | 361.00 |
| Other expenses | 3,179.00 | 3,725.00 |
| Total expenses | 10,489.00 | 11,981.00 |
| Profit before exceptional items and tax | 1,560.00 | 1,838.00 |
| Exceptional items | 0.00 | -111.00 |
| Profit before tax | 1,560.00 | 1,727.00 |
| Current tax | 373.00 | 452.00 |
| Deferred tax | 13.00 | -93.00 |
| Tax expense | 386.00 | 358.00 |
| Profit for the period | 1,174.00 | 1,368.00 |
| Profit attributable to owners | 1,176.00 | 1,369.00 |
| Profit attributable to non-controlling interests | -2.00 | -1.00 |
| Other comprehensive income | 12.00 | 188.00 |
| Total comprehensive income | 1,186.00 | 1,556.00 |
| Earnings per share, basic | 19.37 | 22.51 |
| Earnings per share, diluted | 19.29 | 22.16 |
Balance sheet, as filed
| Line | 2024-12-31 | 2025-06-30 | 2025-12-31 | 2026-06-30 |
|---|---|---|---|---|
| Total assets | 8,994.00 | 9,298.00 | 10,905.00 | 11,576.00 |
| Non-current assets | 4,443.00 | 4,420.00 | 5,857.00 | 6,216.00 |
| Current assets | 4,551.00 | 4,878.00 | 5,048.00 | 5,360.00 |
| Property, plant and equipment | 1,036.00 | 1,046.00 | 1,290.00 | 1,340.00 |
| Capital work-in-progress | 131.00 | 159.00 | 50.00 | 52.00 |
| Goodwill | 2,387.00 | 2,391.00 | 3,577.00 | 3,771.00 |
| Other intangible assets | 337.00 | 253.00 | 263.00 | 362.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 1,976.00 | 2,226.00 | 2,056.00 | 2,519.00 |
| Cash and cash equivalents | 1,977.00 | 1,909.00 | 1,971.00 | 1,641.00 |
| Total equity and liabilities | 8,994.00 | 9,298.00 | 10,905.00 | 11,576.00 |
| Equity | 5,355.00 | 5,802.00 | 6,313.00 | 6,709.00 |
| Equity share capital | 61.00 | 61.00 | 61.00 | 61.00 |
| Other equity | 5,296.00 | 5,744.00 | 6,255.00 | 6,651.00 |
| Total liabilities | 3,640.00 | 3,496.00 | 4,592.00 | 4,866.00 |
| Non-current liabilities | 768.00 | 603.00 | 1,082.00 | 1,122.00 |
| Current liabilities | 2,872.00 | 2,894.00 | 3,510.00 | 3,744.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 914.00 | 830.00 | 1,007.00 | 1,161.00 |
Cash flow, as filed
| Line | 2024-12-31 | 2025-06-30 | 2025-12-31 | 2026-06-30 |
|---|---|---|---|---|
| Net cash from operating activities | 1,548.00 | 456.00 | 1,739.00 | 393.00 |
| Net cash from investing activities | -669.00 | -106.00 | -996.00 | -162.00 |
| Net cash from financing activities | -682.00 | -441.00 | -831.00 | -610.00 |
| Purchase of property, plant and equipment | 133.00 | 88.00 | 168.00 | 78.00 |
| Net increase in cash | 203.00 | -68.00 | -6.00 | -330.00 |
| con:CFO.BEFORE_TAX | 1,860.00 | 601.00 | 2,107.00 | 577.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 312.00 | 144.00 | 368.00 | 184.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 2.00 | 1.00 | 4.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 827.00 | 56.00 | 745.00 | 279.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2025-02-19 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 74.71 | 74.71 | 74.57 | 0.75 | 0.74 | 0.74 | 0.74 |
| Domestic institutions | 8.65 | 9.05 | 9.88 | 0.11 | 0.11 | 0.15 | 0.16 |
| Mutual funds | — | — | 9.21 | 0.10 | 0.11 | 0.15 | 0.16 |
| Insurance companies | 0.32 | 0.29 | 0.43 | 0.01 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 10.30 | 10.59 | 9.76 | 0.08 | 0.08 | 0.04 | 0.03 |
| Government | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 25.29 | 25.29 | 25.25 | 0.25 | 0.25 | 0.25 | 0.26 |
| Non-institutional | 6.34 | 5.65 | 5.62 | 0.06 | 0.06 | 0.06 | 0.06 |
| Shares outstanding | 607694668 | 607694668 | 608832812 | 609006992 | 611015992 | 611015992 | 611015992 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-12-31, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Hexaware Technologies Inc. | Wholly Owned Subsidiary | Any other transaction, Interest received, Investment | 17,407,159,665,470,000.00 | 16 |
| Softcrylic LLC | Wholly Owned Subsidiary | Investment | 12,151,861,479,400,000.00 | 2 |
| Hexaware Technologies UK Ltd. | Wholly Owned Subsidiary | Any other transaction, Interest paid, Sale of goods | 4,949,863,246,920,000.00 | 8 |
| Hexaware Technologies, Mexico S. De. R.L. De. C.V. | Wholly Owned Subsidiary | Any other transaction, Investment, Purchase of goods | 3,322,974,415,910,000.00 | 12 |
| Carlyle Investment Management, LLC | Affiliate of Promoter | Any other transaction, Sale of goods or services | 2,414,683,376,110,000.00 | 5 |
| Mobiquity Softech Private Limited | Wholly Owned Subsidiary (Indian) | Any other transaction, Investment, Purchase of goods | 1,676,524,580,340,000.00 | 7 |
| Hexaware Technologies Belgium SRL | Wholly Owned Subsidiary | Any other transaction, Investment, Sale of goods or | 1,448,113,309,020,000.00 | 9 |
| Hexaware Technologies GmbH. | Wholly Owned Subsidiary | Any other transaction, Interest paid, Sale of goods | 1,340,871,125,960,000.00 | 6 |
| Mobiquity BV | Wholly Owned Subsidiary | Any other transaction, Interest received, Loan, Purc | 1,112,609,093,820,000.00 | 15 |
| Hexaware Technologies Saudi LLC | Wholly Owned Subsidiary | Any other transaction, Investment, Purchase of goods | 906,456,395,790,000.00 | 8 |
| Mobiquity Inc | Wholly Owned Subsidiary | Any other transaction, Interest paid, Investment, Pu | 766,636,902,590,000.00 | 12 |
| Softcrylic Technology Solutions India Private Limited | Wholly Owned Subsidiary | Investment, Purchase of goods or services | 512,974,947,470,000.00 | 3 |
| Hexaware Al Balagh Technologies LLC | Subsidiary of Holding Company | Any other transaction, Interest received, Investment | 477,045,425,700,000.00 | 8 |
| Hexaware Technologies Canada Ltd. | Wholly Owned Subsidiary | Any other transaction, Sale of goods or services | 432,175,538,700,000.00 | 6 |
| Mobiquity Consulting BV | Wholly Owned Subsidiary | Any other transaction, Loan, Purchase of goods or se | 371,437,810,340,000.00 | 10 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-02-10 | Q3FY26 | Read the call | |
| 2025-07-31 | Q1FY26 | Read the call | |
| 2025-05-02 | Q4FY25 | Read the call | |
| 2025-04-30 | Q1FY25 | Read the call | |
| 2025-03-12 | Q3FY25 | HEXAWARE TECHNOLOGIES LIMITED, – HEXAWARE TECHNOLOGIES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q1FY26 | Q3FY25 | Q3FY26 | Q4FY25 |
|---|---|---|---|---|---|
| Capex | As of now, much of these opportunities that are in front of us, we are not CapEx fund. | — | — | — | As of now, much of these opportunities that are in front of us, we are not CapEx fund. |
| Capital allocation | — | The most important event for us from a business perspective was the acquisition of SMC. | There's been some news flow about a very large acquisition, if you can comment on that one at all. | Are we saying that growth next year would be better than that excluding the acquisition impact as well? | — |
| Debt and cash | — | — | And the fact that our working capital management helped us in terms of reduce our DSO. | — | — |
| Demand | Any color on what would be the TCV order backlog we are sitting on compared to where we were maybe a year back, and which verticals you think order bo… | But I think more importantly, given the strength of our pipeline and given the strength of progress on strategic initiatives, we continue to remain so… | Secondly, if you can talk a bit more about the broader demand environment you're seeing, especially with regards to the budgeting cycle in your top 30… | Our pipeline continue to go up, and actually it has crossed 4 billion for the first time. | Any color on what would be the TCV order backlog we are sitting on compared to where we were maybe a year back, and which verticals you think order bo… |
| Guidance | I've said we won't do guidance, so I'm going to stick to that. | This was partially offset with currency headwind of 35 bps and one-time charges of 15 bps. Utilization for the quarter was at 83.7% versus 82.1% in th… | This is kind of consistent with -- which has been consistent with our commentary that financial services did a smart turnaround for us, and we expect … | Our revenues for Q4 were, a tad lower than we expected. | I've said we won't do guidance, so I'm going to stick to that. |
| Margin | Actually, there are two other clients that have planned movement from offshore to onshore that was a revenue headwind for us in Q1, but a margin ... s… | On profitability, we've said that we will get to a 17.1%-17.4% range on reported EBITDA. | A little more commentary on profitability and EBITDA, we said 3 things when we met people during the roadshows. | On profitability, again, we were in absolute reported profitability terms, we were solid, but there're a number of puts and takes on our EBITDA and pr… | Actually, there are two other clients that have planned movement from offshore to onshore that was a revenue headwind for us in Q1, but a margin ... s… |
| People | — | Our utilization inched up, which actually underpins the solid operational performance. | So we added, we were close to the net headcount of just over 32,000 people. | We continue to be amongst the lowest attrition in the industry, in IT, it was 11%. | — |
| Pricing | And second, have you seen more pricing pressure around large consolidation deals? | — | One is with respect to better pricing, the second is in terms of our operational improvement, and the third is SG&A leverage. | — | And second, have you seen more pricing pressure around large consolidation deals? |
| Revenue growth | This is obviously not all of the deals, but at least the large ones, we're going to try and translate to a revenue growth over the next 12 months for … | Middle East continues to have a robust pipeline with still their expectations of orders in Q3 and some revenue growth starting from Q4, and certainly … | Headlining growth was High Tech Professional Services and Financial Services in that sequence. | Revenue growth for the full year was 7.6%, 7.1% in constant currency. | This is obviously not all of the deals, but at least the large ones, we're going to try and translate to a revenue growth over the next 12 months for … |