Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates – Delhi News Daily
Business

Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates – Delhi News Daily

delhinewsdaily
Last updated: July 25, 2025 4:35 pm
delhinewsdaily
Share
SHARE


Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% sequentially.

Profit trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier acquisition.

Hexaware issued a muted revenue guidance for the year ahead. The company follows a January to December financial year.

Unlike its mid-tier peers, Hexaware’s Q2 revenue was relatively subdued at Rs 3,260 crore, rising 11.1% on-year and 1.6% sequentially in constant currency terms, lagging Street estimates. In constant currency terms, revenue stood at $382.1 million, growing 1.3% sequentially and 7.5% from a year ago.

During the quarter, revenue growth was impacted by decline in manufacturing and consumer segments, and flat growth in financial services.

ET logo

Live Events


“Our growth expectations for the year are a little bit lower now than it was in the beginning of Q2,” R. Srikrishna, CEO, Hexaware told ET.“With lots of new promises of higher tariffs against multiple countries…that’s on the negative side. On the positive side, some trade deals have been announced with some smaller countries and there could be a slew of them in the next few weeks,” he added.Shares of Hexaware fell sharply on the earnings announcement. They closed 10.7% lower at Rs 738.25 apiece, underperforming a 0.88% decline in the benchmark BSE Sensex.

The Hexaware management said there is softness and cyclicality in the macro environment, and that all large consolidation deals are continuing.

“Small and mid-sized deals are progressing well. However, decision making is slowed. Consequently, lowered expectations for the rest of the year,” the company said.

Geographically, Europe witnessed growth both on-year and sequentially, but Asia Pacific witnessed a decline from a year ago, and marginal growth from the March quarter.

“There will be one or two quarters which will have blips (in Asia Pacific) but long-term, in general, it will be positive,” said Srikrishna. “In India, we made an acquisition to serve GCC (global capability centre) customers here. In the Middle East, we continue to have a strong pipeline and expect to convert in Q3 and grow revenues in Q4.”

This month, Hexaware acquired Bengaluru-based SMC Squared for $120 million (about Rs 1,038 crore) in an all-cash deal, which is expected to add revenue growth in the coming two quarters.

While adjusted margin improved to 18.1%, up from 17.1% in the March quarter, its full-year margin guidance stood at 17.1–17.4%.

The company expects banking to continue to deliver better sequential growth despite a one-off degrowth in Q1 which will impact financial services for the full year.

“On manufacturing, customers are waiting for clarity on costs. Once that happens, it takes a few weeks to translate that into what it means for them,” Srikrishna said.



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Valmyr Neto – Delhi News Daily
Next Article Homeless outside White House: Trump vows immediate removals; threatens to take over city from mayor – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • 58-year era ends: Corporation for Public Broadcasting to close after Trump pulls funding; $1.1 billion cut by Congress – Times of India – Delhi News Daily
  • Why UAE cares so much about dates: From AED 8 million festival prizes to Golden Visas for date farmers | World News – Times of India – Delhi News Daily
  • ‘Calling people Nazi for thinking Sydney Sweeney is beautiful’: JD Vance reacts to American Eagle’s jeans row – Times of India – Delhi News Daily
  • ITC Q1 Results: Cons PAT rises 3% YoY to Rs 5,244 crore, revenue jumps 19% – Delhi News Daily
  • ‘Dangerous Game’: Rijiju Responds To Rahul Gandhi’s ‘Atom Bomb’ Attack On ECI – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

Stocks to buy or sell today: Biocon, Voltas among 7 trading ideas for 15 July 2025 – Delhi News Daily

The Indian market is likely to consolidate on Tuesday, tracking mixed global cues.The Nifty future closed negatively with losses of…

2 Min Read
Business

Which sectors will need a relook in terms of earnings projection now? Gautam Duggad explains – Delhi News Daily

Gautam Duggad, Head Of Research, Director - Institutional Equities at Motilal Oswal Financial Services, says stock markets are reacting maturely…

7 Min Read
Business

HDB Financial likely to list with moderate gains – Delhi News Daily

Mumbai: Shares of HDB Financial Services - India's largest initial public offering (IPO) this year - may debut with moderate…

3 Min Read
Business

NTPC Q1 Results: Cons PAT rises 11% YoY to Rs 6,108 crore, revenue falls 3% – Delhi News Daily

NTPC on Tuesday reported a 11% YoY growth in its Q1FY26 net profit at Rs 6,108 crore versus Rs 5,506…

2 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?