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	Standalone
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	Single segment
Description of single segment	Information on segment has been disclosed on consolidated basis in accordance with Ind AS 108 Operating 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
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

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	Standalone
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	17641000000
	Other income	22000000
	Total income	17663000000
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	7776000000
(e)	Finance costs	184000000
(f)	Depreciation, depletion and amortisation expense	350000000
(f)	Other Expenses
1	Other Expenses	6246000000	6246000000
	Total other expenses	6246000000
	Total expenses	14556000000
3	Total profit before exceptional items and tax	3107000000
4	Exceptional items	0
5	Total profit before tax	3107000000
6	Tax expense
7	Current tax	709000000
8	Deferred tax	6000000
9	Total tax expenses	715000000
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	2392000000
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	2392000000
17	Other comprehensive income net of taxes	288000000
18	Total Comprehensive Income for the period	2680000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
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	3.94
	Diluted earnings (loss) per share from continuing operations	3.87
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	3.94
	Diluted earnings (loss) per share from continuing and discontinued operations	3.87
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.Audited Standalone Interim Statement of Financial Results for the three months ended March 31, 2025 have been prepared in accordance with the Indian Accounting Standard referred to as 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. Audited Standalone Interim Statement of Financial Results for the three months ended December 31, 2024 have been prepared on the basis of the audited standalone financial statements for the year ended December 31, 2024 and the audited condensed standalone interim financial statements upto the end of the third quarter of the year ended December 31, 2024, which are prepared in accordance with the Ind AS notified under the Companies Indian Accounting Standards Rules, 2015. The 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 INR 1 each were issued on exercise of employee stock options respectively in accordance with the company's employee stock option schemes. n n5.On April 04, 2025, the Board of Directors of the Company have declared an interim dividend of INR 5.75 per share in respect of the quarter ended March 31, 2025. n n6.Other income includes gain or loss due to exchange rate difference of Rs -105 Mn, -21 Mn, -41 Mn for the quarter ended March 31,2025 , December 31, 2024 & March 31, 2024 respectively. Rs 33 Mn for year ended December 31, 2024. n n7.Employee Benefit expenses includes Employee stock option compensation cost of Rs 46 Mn, Rs -97 Mn & Rs 44 Mn for the quarter ended March 31, 2025, December 31, 2024 and March 31, 2024 respectively and Rs 146 Mn for the year ended December 31, 2024. n n8.Employee benefits expense includes non-recurring Employee benefit and severance costs of Rs 424 Mn for year ended December 31, 2024. Enterprise Resource Planning transformation cost of Rs 106 Mn, Rs120 Mn & Rs 94 Mn for the quarter ended March 31,2025, December 31, 2024 & March 31, 2024 respectively. n n9.Other expense includes ERP transformation cost of Rs 87 Mn, RS 97 Mn, Rs 83 Mn for the quarter ended March 31,2025, December 31, 2024 & March 31, 2024 respectively & Rs 383 Mn for year ended December 31, 2024.Acquisition related costs of Rs 7 Mn for the quarter ended December 31, 2024 & Rs 117 Mn for the year ended December 31, 2024.IPO related costs of Rs 9 Mn & Regulatory fees of Rs 170 Mn for the year ended December 31, 2024. n n10.Depreciation and amortisation expense includes amortisation of intangible assets acquired in business combination of Rs 3 Mn, Rs 2 Mn, Rs 3 Mn for the quarter ended March 31,2025 , December 31, 2024 & March 31, 2024 respectively & Rs 10 Mn for the year ended December 31, 2024. n n11.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

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		Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

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	Standalone
	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	Net change in fair value of cash flow hedges	399000000	399000000
	Total Amount of items that will be reclassified to profit and loss	399000000
4	Income tax relating to items that will be reclassified to profit or loss	80000000
5	Total Other comprehensive income	288000000