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 01-01-2026
Date of end of financial year 31-12-2026
Date of board meeting when results were approved 06-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First 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
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-05-2026   16:53:00
End date and time of board meeting 06-05-2026   20:09:00
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



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-01-2026
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 3,61,300.00 3,61,300.00
Other income 2,170.00 2,170.00
Total income 3,63,470.00 3,63,470.00
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 2,14,570.00 2,14,570.00
(e) Finance costs 2,900.00 2,900.00
(f) Depreciation, depletion and amortisation expense 9,070.00 9,070.00
(f) Other Expenses
1 Other expenses 89,650.00 89,650.00
Total other expenses 89,650.00 89,650.00
Total expenses 3,16,190.00 3,16,190.00
3 Total profit before exceptional items and tax 47,280.00 47,280.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 47,280.00 47,280.00
6 Tax expense
7 Current tax 12,500.00 12,500.00
8 Deferred tax (380.00) (380.00)
9 Total tax expenses 12,120.00 12,120.00
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 35,160.00 35,160.00
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 35,160.00 35,160.00
17 Other comprehensive income net of taxes 9,730.00 9,730.00
18 Total Comprehensive Income for the period 44,890.00 44,890.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 35,160.00 35,160.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 44,900.00 44,900.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (10.00) (10.00)
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 5.77 5.77
Diluted earnings (loss) per share from continuing operations 5.71 5.71
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 5.77 5.77
Diluted earnings (loss) per share from continuing and discontinued operations 5.71 5.71
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 May 06, 2026. The statutory auditors have expressed an unmodified audit opinion on these results. The Group has recognised a gain on remeasurement of contingent consideration (earnout) payable towards acquisition of business amounting to INR 264 million in the quarter ended March 31, 2026 based on expected payment of the first earnout. The Group has recognised a gain on remeasurement of contingent consideration (earnout) payable towards acquisition of business amounting to INR 2,233 million and INR 3,820 million in the quarter and year ended December 31, 2025 respectively, based on a settlement agreement and expected payout re-assessed based on the actual performance for the applicable period of the business acquired. The Group has also re-assessed carrying value of customer relations recognised on the related acquisition and has provided for impairment loss of INR 1,079 million and INR 1,473 million in the quarter and year ended December 31, 2025 respectively. The impairment loss considers the value of customer relations derived based on multi-period excess earnings method using discount rate of 14.2%, best estimate of forecasted revenues, cashflows from the acquired business and underlying customer relations. On November 21, 2025, the Government of India notified the four Labour consolidating twenty-nine existing labour laws into a unified framework governing employee benefit during employment and post-employment. The Ministry of Labour & Employment published draft Rules and FAQs to assess financial impact. The Group has considered restructured compensation of its employees with effect from April 1, 2026 and assessed and disclosed the additional cost impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, presenting the impact as “Impact of new Labour Codes” under “Exceptional items” for the quarter and year ended December 31, 2025. The incremental impact includes INR 818 mn for gratuity and INR 293 mn for compensated absences, due to wage definition changes. The Group continues to monitor final Rules and will adjust accounting as needed. In US: Mobiquity Velocity Solutions Inc and Mobiquity Inc (wholly owned step-down subsidiaries) were merged into Hexaware Technologies Inc. (HTI) (wholly owned subsidiary) effective January 01, 2026. Further, Softcrylic LLC (wholly owned subsidiary) merged into HTI subsequent to the quarter end on receipt of certificate of merger dated May 04, 2026 giving effect to merger from May 01, 2026. In Netherlands: Mobiquity Consulting BV (wholly owned step-down subsidiary) merged into Mobiquity BV (wholly owned step-down subsidiary) effective January 01, 2026. The Company has received the No Objection declaration on merger from the Court of Amsterdam on January 30, 2026. In India: The Company has filed application with National Company Law Tribunal (NCLT) for the 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 on December 20, 2025, and is awaiting NCLT directions. On April 27, 2026, the Board of Directors of the Company have declared an interim dividend of INR 8.50 per equity share of INR 1 each. For other notes, refer results submitted as part of Integral filing/Outcome of meeting.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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

Amount in (Lakhs)

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 01-01-2026 01-01-2026
Date of end of reporting period 31-03-2026 31-03-2026
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) 27,640.00 27,640.00
2 Financial Services (FS) 1,06,820.00 1,06,820.00
3 Banking 32,670.00 32,670.00
4 Healthcare & Insurance (H&I) 81,890.00 81,890.00
5 Technology, Products and Platforms (TPP) 8,300.00 8,300.00
6 Professional Services (PS) 45,880.00 45,880.00
7 Manufacturing and Consumer (M & C) 58,100.00 58,100.00
Total Segment Revenue 3,61,300.00 3,61,300.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 3,61,300.00 3,61,300.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Travel and Transportation (T&T) 12,530.00 12,530.00
2 Financial Services (FS) 34,070.00 34,070.00
3 Banking 13,370.00 13,370.00
4 Healthcare & Insurance (H&I) 30,090.00 30,090.00
5 Technology, Products and Platforms (TPP) 2,890.00 2,890.00
6 Professional Services (PS) 18,180.00 18,180.00
7 Manufacturing and Consumer (M & C) 22,070.00 22,070.00
Total Profit before tax 1,33,200.00 1,33,200.00
i. Finance cost 2,900.00 2,900.00
ii. Other Unallocable Expenditure net off Unallocable income 83,020.00 83,020.00
Profit before tax 47,280.00 47,280.00
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 Technology, Products and Platforms (TPP) 0.00 0.00
6 Professional Services (PS) 0.00 0.00
7 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 Technology, Products and Platforms (TPP) 0.00 0.00
6 Professional Services (PS) 0.00 0.00
7 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)



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 Chief Operating Decision Maker 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

Amount in (Lakhs)

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 01-01-2026 01-01-2026
B Date of end of reporting period 31-03-2026 31-03-2026
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 1,310.00 1,310.00
Total Amount of items that will not be reclassified to profit and loss 1,310.00
2 Income tax relating to items that will not be reclassified to profit or loss 270.00 270.00
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translating the financial statements of foreign operations 22,820.00 22,820.00
2 Net change in fair value of cash flow hedges (17,580.00) (17,580.00)
Total Amount of items that will be reclassified to profit and loss 5,240.00
4 Income tax relating to items that will be reclassified to profit or loss (3,450.00) (3,450.00)
5 Total Other comprehensive income 9,730.00 9,730.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

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