| 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 | 01-01-2025 |
| Date of end of financial year | 31-12-2025 |
| Date of board meeting when results were approved | 06-11-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 24-10-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third 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 | 06-11-2025 19:12:00 |
| End date and time of board meeting | 06-11-2025 20:18:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| 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 | 01-07-2025 | 01-01-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 3,48,360.00 | 9,95,220.00 | |
| Other income | 1,030.00 | 17,470.00 | |
| Total income | 3,49,390.00 | 10,12,690.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 1,98,350.00 | 5,75,350.00 |
| (e) | Finance costs | 2,600.00 | 6,930.00 |
| (f) | Depreciation, depletion and amortisation expense | 8,890.00 | 23,760.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 89,880.00 | 2,66,520.00 |
| Total other expenses | 89,880.00 | 2,66,520.00 | |
| Total expenses | 2,99,720.00 | 8,72,560.00 | |
| 3 | Total profit before exceptional items and tax | 49,670.00 | 1,40,130.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 49,670.00 | 1,40,130.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 13,660.00 | 33,930.00 |
| 8 | Deferred tax | (980.00) | (1,470.00) |
| 9 | Total tax expenses | 12,680.00 | 32,460.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 36,990.00 | 1,07,670.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 36,990.00 | 1,07,670.00 |
| 17 | Other comprehensive income net of taxes | 5,660.00 | 12,440.00 |
| 18 | Total Comprehensive Income for the period | 42,650.00 | 1,20,110.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 37,020.00 | 1,07,730.00 | |
| Total profit or loss, attributable to non-controlling interests | (30.00) | (60.00) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 42,690.00 | 1,20,180.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (40.00) | (70.00) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 6,090.00 | 6,090.00 | |
| 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 | 6.09 | 17.72 | |
| Diluted earnings (loss) per share from continuing operations | 5.99 | 17.44 | |
| 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 | 6.09 | 17.72 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 5.99 | 17.44 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | These results have been reviewed by Audit Committee on Nov 05, 2025 and have been approved for issue by the Board of Directors at its meeting held on Nov 06, 2025. Statutory auditors have expressed an unmodified audit opinion on these results. On July 17, 2025, the Company along with its wholly owned subsidiary Hexaware Technologies Inc. acquired 100% ownership interest of SMC Squared, LLC and its subsidiaries (together referred as “SMC”). Total estimated Purchase consideration INR 8,096 Mn Net assets acquired INR 757 Mn, Acquired Customer relations INR 1,357 Mn, Goodwill INR 5,982 Transaction costs of INR 107 Mn has been shown as an one time expense for the quarter ended June 30, 2025 and nine months ended Sep 30, 2025. On Nov 06, 2025, the Company along with its wholly owned subsidiaries acquired 100% ownership interest of “Identity And Access Solutions LLC” and its subsidiaries along with Identity And Access Solutions Canada, Inc. and IT Glitterz LLC (together referred as “CyberSolve”). Total consideration, all in cash, is estimated to be USD 66 Mn - USD 34.5 Mn upfront payout, along with an estimated USD 31.5 Mn of earnouts linked to financial performance, subject to certain customary adjustments on cash, debt and working capital. On Nov 06, 2025, The Board of Directors in order to simplify the group structure have given in principle approval for Merger of the wholly owned subsidiaries and wholly owned step-down subsidiaries of Hexaware Technologies Limited (“Company”) as follows - In India: Merger of wholly owned subsidiaries of the Company, viz., Mobiquity Softech Private Limited and Softcrylic Technology Solutions India Private Limited with and into the Company. In US: Merger of Mobiquity Velocity Solutions Inc, Mobiquity Inc (both being wholly owned step-down subsidiaries of the company) and Softcrylic LLC (wholly owned subsidiary of the company) with and into Hexaware Technologies Inc (wholly owned subsidiary of the Company). In Netherlands: Merger of wholly owned step-down subsidiaries, Mobiquity Coöperatief U.A. and Mobiquity Consulting BV with and into Mobiquity BV. The merger plan is subject to board approval of scheme of arrangement, various regulatory approvals and other administrative formalities. Subsequent to quarter end, the Group and one of the European customer have initiated mediation process to resolve the dispute regarding receivables from said client as per the term of Master Service Agreement. The Group has claimed USD 9 Mn (INR 782 Mn) from the client. The outcome of the mediation proceedings is awaited. During the quarter ended June 30, 2025, the group had provided for the amount as doubtful receivables. The Group has continued to provide for the same till the mediation is resolved and amount is collected. There is no financial impact of the said matter in the quarter ended Sep 30, 2025. Subsequent to quarter end, the Group received a notice from Natsoft Corporation and Updraft LLC (“Plaintiff”), for alleged infringement of certain patents and breach of contract by the Company and its material subsidiary “Hexaware Technologies Inc”. The Plaintiff has claimed USD 500 Mn. Based on the assessment, the Group believes that the complaint is without any merit and is unlikely to result in an adverse order and, accordingly, does not expect the same to have any material financial impact on the Group. The Group is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard. For other notes, refer results submitted as part of Integral filing/Outcome of meeting |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-07-2025 | 01-01-2025 | |||||
| Date of end of reporting period | 30-09-2025 | 30-09-2025 | |||||
| Whether results 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) | 27,300.00 | 84,290.00 | ||||
| 2 | Financial Services (FS) | 1,03,250.00 | 2,98,950.00 | ||||
| 3 | Banking | 30,300.00 | 83,500.00 | ||||
| 4 | Healthcare & Insurance (H&I) | 77,600.00 | 2,11,730.00 | ||||
| 5 | Hi-Tech and Professional Services (HTPS) | 53,380.00 | 1,65,520.00 | ||||
| 6 | Manufacturing and Consumer (M & C) | 56,530.00 | 1,51,230.00 | ||||
| Total Segment Revenue | 3,48,360.00 | 9,95,220.00 | |||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | 3,48,360.00 | 9,95,220.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Travel and Transportation (T&T) | 11,760.00 | 37,060.00 | ||||
| 2 | Financial Services (FS) | 33,170.00 | 98,100.00 | ||||
| 3 | Banking | 10,670.00 | 32,040.00 | ||||
| 4 | Healthcare & Insurance (H&I) | 24,550.00 | 77,320.00 | ||||
| 5 | Hi-Tech and Professional Services (HTPS) | 20,980.00 | 66,790.00 | ||||
| 6 | Manufacturing and Consumer (M & C) | 21,840.00 | 57,840.00 | ||||
| Total Profit before tax | 1,22,970.00 | 3,69,150.00 | |||||
| i. Finance cost | 2,600.00 | 6,930.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 70,700.00 | 2,22,090.00 | |||||
| Profit before tax | 49,670.00 | 1,40,130.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Travel and Transportation (T&T) | 0.00 | 0.00 | ||||
| 2 | Financial Services (FS) | 0.00 | 0.00 | ||||
| 3 | Banking | 0.00 | 0.00 | ||||
| 4 | Healthcare & Insurance (H&I) | 0.00 | 0.00 | ||||
| 5 | Hi-Tech and Professional Services (HTPS) | 0.00 | 0.00 | ||||
| 6 | Manufacturing and Consumer (M & C) | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Travel and Transportation (T&T) | 0.00 | 0.00 | ||||
| 2 | Financial Services (FS) | 0.00 | 0.00 | ||||
| 3 | Banking | 0.00 | 0.00 | ||||
| 4 | Healthcare & Insurance (H&I) | 0.00 | 0.00 | ||||
| 5 | Hi-Tech and Professional Services (HTPS) | 0.00 | 0.00 | ||||
| 6 | Manufacturing and Consumer (M & C) | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Reportable operating segments have been identified taking into account services offered to customers globally operating in different industry segments based on management approach. CODM evaluates Group's performance and allocates resources based on analysis of various performance indicators. The Group's organization structure reflects the industry segmentation. |
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| 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 | 01-07-2025 | 01-01-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| 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 | (60.00) | (710.00) |
| Total Amount of items that will not be reclassified to profit and loss | (60.00) | (710.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 20.00 | (120.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translating the financial statements of foreign operations | 14,220.00 | 20,260.00 |
| 2 | Net change in fair value of cash flow hedges | (10,600.00) | (9,040.00) |
| Total Amount of items that will be reclassified to profit and loss | 3,620.00 | 11,220.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (2,120.00) | (1,810.00) |
| 5 | Total Other comprehensive income | 5,660.00 | 12,440.00 |
| 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 | 31-07-2028 | ||
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