Integrated Filing — IndAS



General information about company

Scrip Code 544362
NSE Symbol HEXT
MSEI Symbol NOTLISTED
ISIN INE093A01041
Name of company Hexaware Technologies Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Jan-2025
Date of end of financial year 31-Dec-2025
Date of board meeting when results were approved 24-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 11-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 24-Jul-2025   18:40:00
End date and time of board meeting 24-Jul-2025   19:44:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Jan-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 32607000000 64686000000
Other income 1600000000 1644000000
Total income 34207000000 66330000000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 19078000000 37700000000
(e) Finance costs 209000000 433000000
(f) Depreciation, depletion and amortisation expense 752000000 1487000000
(f) Other Expenses
1 Other expenses 9485000000 17664000000
Total other expenses 9485000000 17664000000
Total expenses 29524000000 57284000000
3 Total profit before exceptional items and tax 4683000000 9046000000
4 Exceptional items 0 0
5 Total profit before tax 4683000000 9046000000
6 Tax expense
7 Current tax 794000000 2027000000
8 Deferred tax 92000000 -49000000
9 Total tax expenses 886000000 1978000000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 3797000000 7068000000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 3797000000 7068000000
17 Other comprehensive income net of taxes 329000000 678000000
18 Total Comprehensive Income for the period 4126000000 7746000000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3799000000 7071000000
Total profit or loss, attributable to non-controlling interests -2000000 -3000000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 4128000000 7749000000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -2000000 -3000000
21 Details of equity share capital
Paid-up equity share capital 608000000 608000000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 6.25 11.64
Diluted earnings (loss) per share from continuing operations 6.15 11.45
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.25 11.64
Diluted earnings (loss) per share from continuing and discontinued operations 6.15 11.45
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) -These results have been reviewed by the Audit Committee and have been approved for issue by the Board of Directors at its meeting held on July 24, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. n n-Other income includes write-back of earnout payable towards an earlier acquisition of INR 1587 Mn for the quarter and six months ended June 30, 2025 n n-Employee benefit expense includes severance costs of INR 328 for the quarter and six months ended June 30, 2025 n n-Other expenses includes: nSpecific provisions for customers of INR 782 Mn for the quarter and six months ended June 30, 2025. nAcquisition related cost of INR 128 Mn for the quarter and six months ended June 30, 2025 nImpairment of customer contract associated with an earlier acquisition of INR 394 Mn for the quarter and six months ended June 30, 2025. n n-On July 17, 2025, the Company along with its wholly owned subsidiary acquired 100% ownership interest of SMC Squared, LLC and its subsidiaries (together referred as “SMC”). The total consideration, all in cash, is estimated to be upto USD 120 million, comprising of USD 45 million upfront payout, upto USD 45 million of earnouts and upto USD 30 million outperformance earnout bonus, subject to certain customary adjustments on cash, debt and taxes. nBy acquiring SMC, Hexaware gains established GCC expertise, capability to extend SMC’s offerings to our broader client base, including existing Hexaware customers, enhanced value proposition by integrating SMC’s GCC setup capabilities with Hexaware’s strengths in AI, analytics, cloud transformation, modernization, and enterprise platforms. This collaboration combines SMC’s deep GCC expertise with Hexaware’s technology-led delivery model to offer world-class GCC operations and attract top-tier tech talent. nWe are currently in the process of finalizing the accounting for this transaction and expect to complete our preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed within one year from the date of acquisition. n n-The results for the quarter and six months ended June 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company’s website (URL: www.hexaware.com/investor-relations). n n-For other notes, refer results submitted as part of Integral filing/Outcome of the meeting. n



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025
Date of end of reporting period 30-Jun-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 10463000000
Capital work-in-progress 1592000000
Investment property 0
Goodwill 23910000000
Other intangible assets 2531000000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 5000000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 873000000
Total non-current financial assets 878000000
Deferred tax assets (net) 2767000000
Other non-current assets 2057000000
Total non-current assets 44198000000
2 Current assets
Inventories 0
Current financial asset
Current investments 0
Trade receivables, current 22259000000
Cash and cash equivalents 19086000000
Bank balance other than cash and cash equivalents 113000000
Loans, current 0
Other current financial assets 802000000
Total current financial assets 42260000000
Current tax assets (net) 187000000
Other current assets 6336000000
Total current assets 48783000000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 92981000000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 608000000
Other equity 57436000000
Total equity attributable to owners of parent 58044000000
Non controlling interest -25000000
Total equity 58019000000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 4927000000
Total non-current financial liabilities 4927000000
Provisions, non-current 1088000000
Deferred tax liabilities (net) 11000000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 6026000000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8304000000
Total Trade payable 8304000000
Other current financial liabilities 11946000000
Total current financial liabilities 20250000000
Other current liabilities 3300000000
Provisions, current 2637000000
Current tax liabilities (Net) 2749000000
Deferred government grants, Current 0
Total current liabilities 28936000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 34962000000
Total equity and liabilites 92981000000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025 01-Jan-2025
Date of end of reporting period 30-Jun-2025 30-Jun-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Travel and Transportation (T&T) 2930000000 5699000000
2 Financial Services (FS) 9784000000 19570000000
3 Banking 2813000000 5320000000
4 Healthcare & Insurance (H&I) 6741000000 13413000000
5 Hi-Tech and Professional Services (HTPS) 5649000000 11214000000
6 Manufacturing and Consumer (M & C) 4690000000 9470000000
Total Segment Revenue 32607000000 64686000000
Less: Inter segment revenue 0 0
Revenue from operations 32607000000 64686000000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Travel and Transportation (T&T) 1267000000 2530000000
2 Financial Services (FS) 3238000000 6493000000
3 Banking 1107000000 2137000000
4 Healthcare & Insurance (H&I) 2663000000 5277000000
5 Hi-Tech and Professional Services (HTPS) 2317000000 4581000000
6 Manufacturing and Consumer (M & C) 1683000000 3600000000
Total Profit before tax 12275000000 24618000000
i. Finance cost 209000000 209000000
ii. Other Unallocable Expenditure net off Unallocable income 7383000000 7383000000
Profit before tax 4683000000 9046000000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Travel and Transportation (T&T) 0 0
2 Financial Services (FS) 0 0
3 Banking 0 0
4 Healthcare & Insurance (H&I) 0 0
5 Hi-Tech and Professional Services (HTPS) 0 0
6 Manufacturing and Consumer (M & C) 0 0
Total Segment Asset 0 0
Un-allocable Assets 0 0
Net Segment Asset 0 0
4 Segment Liabilities
Segment Liabilities
1 Travel and Transportation (T&T) 0 0
2 Financial Services (FS) 0 0
3 Banking 0 0
4 Healthcare & Insurance (H&I) 0 0
5 Hi-Tech and Professional Services (HTPS) 0 0
6 Manufacturing and Consumer (M & C) 0 0
Total Segment Liabilities 0 0
Un-allocable Liabilities 0 0
Net Segment Liabilities 0 0
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The reportable operating segments have been identified taking into account the services offered to customers globally operating in different industry segments based on management approach. The CODM evaluates the Group's performance and allocates resources based on analysis of various performance indicators. The Group's organization structure reflects the industry segmentation.



Other Comprehensive Income

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Jan-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plan -26000000 -65000000
Total Amount of items that will not be reclassified to profit and loss -26000000 -65000000
2 Income tax relating to items that will not be reclassified to profit or loss -6000000 -14000000
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translating the financial statements of foreign operations 543000000 604000000
2 Net change in fair value of cash flow hedges -243000000 156000000
Total Amount of items that will be reclassified to profit and loss 300000000 760000000
4 Income tax relating to items that will be reclassified to profit or loss -49000000 31000000
5 Total Other comprehensive income 329000000 678000000



Cash flow statement, indirect

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 9046000000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 433000000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current -3988000000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -823000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1487000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 265000000
Adjustments for dividend income 0
Adjustments for interest income 245000000
Adjustments for share-based payments 253000000
Adjustments for fair value losses (gains) -56000000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -6000000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -357000000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -3037000000
Net cash flows from (used in) operations 6009000000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1444000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 4565000000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 556000000
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 11000000
Purchase of property, plant and equipment 880000000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 310000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 54000000
Net cash flows from (used in) investing activities -1061000000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 798000000
Dividends paid 3494000000
Interest paid 120000000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -4412000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -908000000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 228000000
Net increase (decrease) in cash and cash equivalents -680000000
Cash and cash equivalents cash flow statement at beginning of period 19766000000
Cash and cash equivalents cash flow statement at end of period 19086000000





Details of Impact of Audit Qualification

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 BSR & Co. LLP Yes 31-Jul-2025