Hexaware Technologies (HEXT)₹498.70−2.86%Computers - Software & Consulting
In the Sep 2026 quarter (consolidated), Hexaware Technologies reported sales of ₹3,946 Cr, up 12.9% from Sep 2025, and net profit of ₹429 Cr, up 16.0% year on year. For the year to Dec 2025, sales were ₹13,481 Cr and net profit ₹1,369 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,626 | 2,759 | 2,945 | 3,146 | 3,162 | 3,218 | 3,272 | 3,494 | 3,491 | 3,622 | 3,859 | 3,946 |
| Expenses | 2,287 | 2,335 | 2,506 | 2,650 | 2,670 | 2,685 | 2,859 | 2,887 | 3,103 | 3,048 | 3,243 | 3,373 |
| Operating Profit | 330 | 417 | 430 | 490 | 489 | 527 | 403 | 600 | 377 | 569 | 603 | 564 |
| OPM % | 13.0% | 15.1% | 15.1% | 16.1% | 16.1% | 16.1% | 12.1% | 17.0% | 11.1% | 16.0% | 16.1% | 14.0% |
| Other Income | 10.04 | 10.04 | 30.11 | 11.04 | 24.09 | 4.02 | 161 | 10.03 | 102 | 22.07 | −50.23 | 90.27 |
| Interest | 6.99 | 9.99 | 11.99 | 22.97 | 20.97 | 21.99 | 20.98 | 25.99 | 30.96 | 28.99 | 32.96 | 24.99 |
| Depreciation | 93.80 | 59.83 | 68.89 | 73.80 | 75.84 | 73.81 | 74.84 | 88.85 | 124 | 90.77 | 81.80 | 86.74 |
| Profit before tax | 239 | 357 | 379 | 405 | 416 | 434 | 466 | 495 | 325 | 471 | 440 | 541 |
| Tax % | 19.9% | 22.0% | 27.9% | 26.0% | 22.9% | 24.9% | 18.9% | 25.9% | 10.0% | 26.0% | 24.9% | 21.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −73.14 | 0.00 | 0.00 | −47.04 |
| Net Profit | 193 | 279 | 275 | 300 | 321 | 327 | 380 | 370 | 292 | 352 | 330 | 429 |
| EPS (Rs) | 6.40 | 9.27 | 4.51 | 4.97 | 5.23 | 5.36 | 6.22 | 6.06 | 4.76 | 5.72 | 5.38 | 7.02 |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,134 | 3,547 | 3,957 | 4,660 | 5,599 | 6,281 | 7,197 | 9,227 | 10,418 | 12,006 | 13,481 | 14,918 |
| Expenses | 2,582 | 2,964 | 3,292 | 3,914 | 4,705 | 5,216 | 6,048 | 7,986 | 8,818 | 10,161 | 11,524 | 12,767 |
| Operating Profit | 544 | 575 | 655 | 734 | 879 | 1,047 | 1,133 | 1,223 | 1,568 | 1,830 | 1,912 | 2,114 |
| OPM % | 17.0% | 16.1% | 17.1% | 16.0% | 16.1% | 17.1% | 16.1% | 13.1% | 15.0% | 15.1% | 14.1% | 14.2% |
| Other Income | 9.03 | 40.16 | 49.21 | 58.20 | 12.04 | 35.11 | 67.25 | 180 | 22.08 | 75.27 | 278 | 164 |
| Interest | 0.99 | 0.99 | 1.99 | 2.99 | 9.99 | 51.96 | 36.95 | 37.99 | 41.96 | 70.89 | 106 | 118 |
| Depreciation | 47.92 | 54.91 | 62.83 | 64.88 | 103 | 232 | 224 | 243 | 283 | 278 | 360 | 383 |
| Profit before tax | 503 | 559 | 639 | 725 | 777 | 797 | 937 | 1,119 | 1,265 | 1,556 | 1,720 | 1,777 |
| Tax % | 22.0% | 25.0% | 22.0% | 20.0% | 18.0% | 21.9% | 19.9% | 21.0% | 20.9% | 24.9% | 21.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −14.02 | 0.00 | 3.01 | 2.01 | 7.01 | 10.02 | −82.16 | −120 |
| Net Profit | 393 | 419 | 500 | 583 | 642 | 622 | 749 | 884 | 999 | 1,175 | 1,369 | 1,404 |
| EPS (Rs) | 12.99 | 13.83 | 16.77 | 19.54 | 21.42 | 20.61 | 24.84 | 29.33 | 33.10 | 19.29 | 22.33 | 22.88 |
| Dividend payout % | 66.0% | 40.0% | 24.0% | 43.0% | 40.0% | 17.0% | 32.0% | 75.0% | 53.0% | 45.0% | 51.0% | — |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60.07 | 60.01 | 60.00 | 59.07 | 59.01 | 60.01 | 59.97 | 60.03 | 59.98 | 60.96 | 60.90 | 60.94 |
| Reserves | 1,231 | 1,374 | 1,681 | 1,950 | 2,332 | 2,705 | 3,175 | 3,726 | 4,064 | 4,571 | 5,289 | 6,250 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 143 | 237 | 50.14 | 458 | 395 | 576 | 683 |
| Other Liabilities | 465 | 590 | 573 | 541 | 746 | 1,266 | 1,674 | 1,845 | 1,943 | 2,183 | 3,078 | 3,925 |
| Total Liabilities | 1,758 | 2,024 | 2,314 | 2,549 | 3,137 | 4,175 | 5,146 | 5,681 | 6,525 | 7,210 | 9,003 | 10,917 |
| Fixed Assets | 515 | 533 | 479 | 541 | 574 | 2,039 | 2,480 | 2,392 | 2,590 | 2,457 | 3,759 | 5,134 |
| CWIP | 35.13 | 116 | 324 | 257 | 225 | 86.23 | 10.03 | 12.04 | 6.02 | 55.16 | 131 | 50.20 |
| Investments | 187 | 41.12 | 21.06 | 21.07 | 13.03 | 3.01 | 0.00 | 123 | 0.00 | 252 | 0.00 | 145 |
| Other Assets | 1,021 | 1,333 | 1,489 | 1,729 | 2,324 | 2,047 | 2,655 | 3,154 | 3,929 | 4,447 | 5,113 | 5,588 |
| Trade receivables | 365 | 440 | 436 | 534 | 801 | 976 | 811 | 1,015 | 1,875 | 1,839 | 1,970 | 2,047 |
| Cash & equivalents | 286 | 386 | 425 | 529 | 819 | 247 | 1,025 | 1,200 | 1,301 | 1,781 | 1,984 | 1,980 |
| Total Assets | 1,758 | 2,024 | 2,314 | 2,549 | 3,137 | 4,175 | 5,146 | 5,681 | 6,525 | 7,210 | 9,003 | 10,917 |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 412 | 392 | 471 | 475 | 547 | 594 | 1,433 | 976 | 819 | 1,512 | 1,544 | 1,733 |
| Cash from investing activity | 119 | 14.01 | −197 | −94.97 | −7.99 | −1,001 | −416 | −210 | 13.01 | −284 | −663 | −913 |
| Cash from financing activity | −535 | −314 | −249 | −280 | −250 | −169 | −242 | −602 | −721 | −749 | −682 | −831 |
| Net cash flow | −2.99 | 92.93 | 25.98 | 102 | 290 | −572 | 779 | 167 | 113 | 482 | 203 | −5.99 |
| Capex | 59.90 | 137 | 222 | 95.76 | 60.87 | 130 | 73.77 | 109 | 119 | 63.90 | 133 | 168 |
| Free cash flow | 353 | 257 | 251 | 381 | 488 | 467 | 1,396 | 1,210 | 702 | 1,452 | 1,416 | 1,576 |
| CFO / OP % | 118.1% | 95.1% | 107.1% | 99.1% | 96.1% | 86.1% | 151.0% | 104.1% | 87.1% | 113.1% | 101.1% | 110.1% |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 52 | 51 | 45 | 50 | 63 | 64 | 47 | 52 | 75 | 65 | 60 | 56 |
| Cash conversion cycle | 53 | 52 | 46 | 51 | 64 | 65 | 48 | 53 | 76 | 66 | 61 | 57 |
| Working capital days | 17 | 20 | 27 | 37 | 36 | 19 | 3 | 10 | 9 | 0 | −8 | −15 |
| ROCE % | 34.0% | 37.0% | 35.0% | 34.0% | 33.0% | 30.0% | 27.0% | 27.0% | 28.0% | 27.0% | 30.0% | 30.0% |
For the Sep 2026 quarter, Hexaware Technologies reported sales of ₹3,946 Cr, up 12.9% year on year and net profit of ₹429 Cr, up 16.0% year on year. The operating margin was 14.0%.
Hexaware Technologies' sales for the year to Dec 2025 were ₹13,481 Cr; over the last twelve months they were ₹14,918 Cr.
Net profit for the year to Dec 2025 was ₹1,369 Cr, and ₹1,404 Cr over the last twelve months. Earnings per share over the same trailing period were ₹22.88.
Hexaware Technologies reported borrowings of ₹683 Cr at Dec 2025, against cash and equivalents of ₹1,980 Cr.
Cash from operations was ₹1,733 Cr in the year to Dec 2025; after capital spending, free cash flow was ₹1,576 Cr.