Hexaware Technologies Limited — Results, 24-07-2025: Integrated Filing- Financial

Hexaware Technologies reported Q2CY25 revenue of ₹3,260.7 Cr, up 11.1% YoY. Growth was driven by Travel & Transportation (+23.4%), Financial Services (+15.7%), and Hi-Tech & Professional Services (+14.1%). Americas and Europe showed strong growth, while the Manufacturing & Consumer segment saw a decline.

Net profit for the quarter surged 38.3% YoY to ₹379.7 Cr, with Basic EPS rising to ₹6.25. This significant profit increase was boosted by a one-time earnout write-back of ₹158.7 Cr from a prior acquisition. EBITDA margin expanded by 156 bps YoY to 17.2%.

Employee benefits expense rose 10.6% YoY, including one-time severance costs. Other expenses increased by 21.6% YoY, partly due to specific provisions and acquisition-related costs.

The company successfully scaled another customer to the $50 Mn+ category, now totaling four. IT voluntary attrition stood at 11.1%, with utilization at 83.7%.

Hexaware maintains a strong cash position with ₹1,924.8 Cr in cash and equivalents. Net cash generated from operations for H1CY25 was healthy at ₹456.5 Cr. Notably, there is zero outstanding debt from banks or financial institutions.

Management highlighted solid execution and continued investment in AI-powered solutions. A new wholly-owned subsidiary in Colombia was approved with an initial investment of up to USD 2 million. Post-quarter, Hexaware acquired SMC Squared for up to USD 120 million, enhancing its GCC expertise and AI/cloud capabilities.

The results show robust growth in key segments and strong profit momentum, though partly due to one-off gains. Strategic acquisitions and AI focus signal a positive outlook for future growth.