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	28-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	21-Apr-2025
Description of presentation currency	INR (in Actuals)
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	28-Apr-2025   18:24:00
End date and time of board meeting	28-Apr-2025   19:08:00
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
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-Jan-2025
B	Date of end of reporting period	31-Mar-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. 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	32079000000
	Other income	44000000
	Total income	32123000000
2	Expenses
(a)	Cost of materials consumed	0
(b)	Purchases of stock-in-trade	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0
(d)	Employee benefit expense	18622000000
(e)	Finance costs	224000000
(f)	Depreciation, depletion and amortisation expense	735000000
(f)	Other Expenses
1	Other Expenses	8179000000	8179000000
	Total other expenses	8179000000
	Total expenses	27760000000
3	Total profit before exceptional items and tax	4363000000
4	Exceptional items	0
5	Total profit before tax	4363000000
6	Tax expense
7	Current tax	1233000000
8	Deferred tax	-141000000
9	Total tax expenses	1092000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0
11	Net Profit Loss for the period from continuing operations	3271000000
12	Profit (loss) from discontinued operations before tax	0
13	Tax expense of discontinued operations	0
14	Net profit (loss) from discontinued operation after tax	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0
16	Total profit (loss) for period	3271000000
17	Other comprehensive income net of taxes	349000000
18	Total Comprehensive Income for the period	3620000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	3272000000
	Total profit or loss, attributable to non-controlling interests	-1000000	-1000000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	3621000000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-1000000
21	Details of equity share capital
	Paid-up equity share capital	608000000
	Face value of equity share capital	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	5.38
	Diluted earnings (loss) per share from continuing operations	5.29
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0
	Diluted earnings (loss) per share from discontinued operations	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	5.38
	Diluted earnings (loss) per share from continuing and discontinued operations	5.29
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.The Audited Consolidated Interim Statement of Financial Results for the quarter ended March 31, 2025 have been prepared in accordance with Ind AS 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies Indian Accounting Standards Rules as amended from time to time. n nThe Audited Consolidated Interim Statement of Financial Results for the quarter ended December 31, 2024 have been prepared on the basis of the audited consolidated financial statements for the year ended December 31, 2024 and the audited condensed interim consolidated financial statements for the nine months period ended September 30, 2024, which are prepared in accordance with the Ind AS notified under the Companies Indian Accounting Standards Rules, 2015. n nThe results have been prepared in terms of Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. n n2.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 April 28, 2025. The statutory auditors have expressed an unmodified audit opinion on these results. n n3.The equity shares of the Company were re-listed on National Stock Exchange of India Limited and BSE Limited from February 19, 2025. n n4.During the quarter ended March 31, 2025, 150,000 equity shares of face value of Re. 1 each were issued on exercise of employee stock options in accordance with the company's ESOP schemes. n n5.Other income includes loss of INR 137 Mn, gain of INR 127 Mn and loss of INR 66 Mn for the quarter ended March 31, 2025, Dec 31, 2024 and March 31, 2024 respectively and gain of INR 190 Mn for the year ended Dec 31, 2024. n n6.Employee Benefit expenses includes Employee stock option compensation cost of INR 116 Mn, INR 111 Mn and INR 44 Mn for the quarter ended March 31, 2025, Dec 31, 2024 and March 31, 2024 respectively and INR 353 Mn for the year ended Dec 31, 2024. n n7.Employee benefits expense includes Enterprise Resource Planning Transformation cost of INR 107 Mn, INR 125 Mn and INR 94 Mn for the quarter ended March 31, 2025, Dec 31, 2024 and March 31, 2024 respectively and INR 462 Mn for the year ended Dec 31, 2024 and Non-recurring Employee benefits and severance cost of INR 465 Mn for the year ended Dec 31, 2024. n n8.Other expenses includes Enterprise Resource Planning Transformation cost of INR 87 Mn for the quarter ended March 31, 2025. n n9.Depreciation and Amortisation expenses include Amortisation of intangible assets acquired in business combination of INR 227 Mn, INR 223 Mn, INR 115 Mn and INR 753 Mn for the quarter ended March 31, 2025, December 31, 2024, March 31, 2024 and year ended Dec 31, 2024 respectively. n n10.The results for the quarter ended March 31, 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 nFor other notes, refer results submitted as part of Integral filing or Outcome of the meeting.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

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-Jan-2025
Date of end of reporting period		31-Mar-2025
Whether accounts are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Travel and Transportation (T&T)	2769000000	2769000000
2	Financial Services (FS)	9786000000	9786000000
3	Banking	2507000000	2507000000
4	Healthcare & Insurance (H&I)	6672000000	6672000000
5	High Tech and Professional Services (HTPS)	5565000000	5565000000
6	Manufacturing and Consumer (M & C)	4780000000	4780000000
	Total Segment Revenue	32079000000
	Less: Inter segment revenue	0	0
	Revenue from operations	32079000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Travel and Transportation (T&T)	1263000000	1263000000
2	Financial Services (FS)	3255000000	3255000000
3	Banking	1030000000	1030000000
4	Healthcare & Insurance (H&I)	2614000000	2614000000
5	High Tech and Professional Services (HTPS)	2264000000	2264000000
6	Manufacturing and Consumer (M & C)	1917000000	1917000000
	Total Profit before tax	12343000000
	i. Finance cost	224000000	224000000
	ii. Other Unallocable Expenditure net off Unallocable income	7756000000	7756000000
	Profit before tax	4363000000
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	High 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	High 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-Jan-2025
B	Date of end of reporting period	31-Mar-2025
C	Whether results are audited or unaudited	Audited
D	Nature of report standalone or 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	-39000000	-39000000
	Total Amount of items that will not be reclassified to profit and loss	-39000000
2	Income tax relating to items that will not be reclassified to profit or loss	-8000000
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences on translating the financial statements of foreign operations	61000000	61000000
2	Net change in fair value of cash flow hedges	399000000	399000000
	Total Amount of items that will be reclassified to profit and loss	460000000
4	Income tax relating to items that will be reclassified to profit or loss	80000000
5	Total Other comprehensive income	349000000