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Hexaware Q1 CY26 Profit Jumps to ₹3,516 Million

May 6, 2026 4 mins read Firehose Gupta

Hexaware Technologies Limited — quarter ended March 31, 2026 (Q1 CY26)

Particulars March 31, 2026 For the quarter ended December 31, 2025 March 31, 2025 For the year ended December 31, 2025
INCOME
Revenue from operations 36,130 34,782 32,079 134,304
Change in value of contingent consideration (Refer note 6) 264 2,233 – 3,820
Other income (Refer note 7) (47) (97) 44 63
TOTAL INCOME 36,347 36,918 32,123 138,187
EXPENSES
Employee benefits expense (Refer note 8) 21,457 20,403 18,622 77,938
Finance costs 290 312 224 1,005
Depreciation and amortisation expense (Refer note 9) 907 1,237 735 3,613
Other expenses (Refer note 10) 8,965 10,600 8,179 37,252
TOTAL EXPENSES 31,619 32,552 27,760 119,808
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX 4,728 4,366 4,363 18,379
Exceptional Items
Impact of new Labour Codes (Refer Note 11) – 1,111 – 1,111
PROFIT BEFORE TAX 4,728 3,255 4,363 17,268
Tax expense
Current tax 1,250 1,123 1,233 4,516
Deferred tax charge / (credit) (38) (784) (141) (931)
Total tax expense 1,212 339 1,092 3,585
PROFIT FOR THE PERIOD/YEAR 3,516 2,916 3,271 13,683
TOTAL OTHER COMPREHENSIVE INCOME 973 636 349 1,880
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR 4,489 3,552 3,620 15,563
March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025
Shareholders of the Company 3,516 2,919 3,272 13,692
Non-controlling interests ^ (3) (1) (9)
Total 3,516 2,916 3,271 13,683
March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025
Shareholders of the Company 974 636 349 1,881
Non-controlling interests (1) ^ ^ (1)
Total 973 636 349 1,880
March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025
Shareholders of the Company 4,490 3,555 3,621 15,573
Non-controlling interests (1) (3) (1) (10)
Total 4,489 3,552 3,620 15,563
Type March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025
Basic 5.77* 4.79* 5.38* 22.51
Diluted 5.71* 4.72* 5.29* 22.16
Segment Revenue / Segment Profit March 31, 2026 For the quarter ended December 31, 2025* March 31, 2025* For the year ended December 31, 2025*
Segment Revenue
Travel and Transportation (T&T) 2,764 2,909 2,769 11,338
Financial Services (FS) 10,682 10,463 9,786 40,358
Banking 3,267 3,411 2,507 11,761
Healthcare & Insurance (H&I) 8,189 7,151 6,672 28,324
Technology, Products and Platforms (TPP) 830 797 1,002 3,242
Professional Services (PS) 4,588 4,367 4,563 18,474
Manufacturing and Consumer (M & C) 5,810 5,684 4,780 20,807
Revenue from operations 36,130 34,782 32,079 134,304
Segment Profit
Travel and Transportation (T&T) 1,253 1,324 1,263 5,030
Financial Services (FS) 3,407 3,341 3,255 13,151
Banking 1,337 1,279 1,030 4,483
Healthcare & Insurance (H&I) 3,009 2,612 2,614 10,344
Technology, Products and Platforms (TPP) 289 347 284 1,136
Professional Services (PS) 1,818 1,752 1,980 7,642
Manufacturing and Consumer (M & C) 2,207 2,261 1,917 8,045
Segment Profit 13,320 12,916 12,343 49,831
Description March 31, 2026 December 31, 2025* March 31, 2025* December 31, 2025*
Exchange rate differences (net) (245) (272) (137) (641)
Change in value of contingent consideration (Refer note 6) 264 2,233 – 3,820
Other income (Excluding exchange rate differences) 198 175 181 704
Description March 31, 2026 December 31, 2025* March 31, 2025* December 31, 2025*
Depreciation and amortisation (907) (1,237) (735) (3,613)
Finance costs (290) (312) (224) (1,005)
Unallocated corporate expenses (7,612) (9,137) (7,065) (30,717)
Profit before exceptional items and tax 4,728 4,366 4,363 18,379
Less: Impact of new Labour Codes (Refer note 11) – 1,111 – 1,111
Profit before tax 4,728 3,255 4,363 17,268
Less : Tax Expense (1,212) (339) (1,092) (3,585)
Profit for the period/year 3,516 2,916 3,271 13,683
Description March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 (Year ended)
Loss due to Exchange rate difference (245) (272) (137) (641)
Total (245) (272) (137) (641)
Description March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 (Year ended)
Employee stock option compensation cost 132 114 116 456
Non-recurring Employee benefit and severance costs – – – 328
Enterprise Resource Planning (ERP) Transformation cost 52 75 107 371
Total 184 189 223 1,155
Description March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 (Year ended)
Amortisation of intangible assets acquired in business combination 257 327 227 1,082
Accelerated amortisation of RoU and leasehold improvements of certain offices leases on optimisation – 326 – 326
Total 257 653 227 1,408
Description March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 (Year ended)
Specific charge for customers – – – 782
Enterprise Resource Planning (ERP) Transformation cost 65 25 87 283
Acquisition related costs – 29 – 174
Impairment of customer relations associated with earlier acquisitions – 1,302 – 1,696
Total 65 1,356 87 2,935
Particulars For the quarter ended March 31, 2026 For the quarter ended December 31, 2025 For the quarter ended March 31, 2025 For the Year ended December 31, 2025
INCOME
Revenue from operations 19,722 18,596 17,641 73,888
Other income (Refer note 6) (98) (68) 22 169
TOTAL INCOME 19,624 18,528 17,663 74,057
EXPENSES
Employee benefits expense (Refer note 7) 8,697 8,681 7,776 32,920
Finance costs 135 179 184 675
Depreciation and amortisation expense (Refer note 8) 414 395 350 1,472
Other expenses (Refer note 9) 7,541 6,647 6,246 27,553
TOTAL EXPENSES 16,787 15,902 14,556 62,620
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX 2,837 2,626 3,107 11,437
Exceptional Items
Impact of new Labour Codes (Refer Note 12) – 1,033 – 1,033
PROFIT BEFORE TAX 2,837 1,593 3,107 10,404
Tax expense
Current tax 643 945 709 3,043
Deferred tax charge / (credit) 56 (355) 6 (435)
Total tax expense 699 590 715 2,608
PROFIT FOR THE PERIOD/YEAR 2,138 1,003 2,392 7,796
OTHER COMPREHENSIVE INCOME (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurement of defined benefit plan 134 83 (39) 11
Income tax relating to items that will not be reclassified to profit or loss (27) (16) 8 (3)
Items that will be reclassified subsequently to profit or loss
Net change in fair value of cash flow hedges (1,758) (67) 399 (971)
Income tax relating to items that will be reclassified to profit or loss 345 42 (80) 223
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) (1,306) 42 288 (740)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR 832 1,045 2,680 7,056
Particulars March 31, 2026 December 31, 2025 March 31, 2025 Year ended December 31, 2025
Basic 3.51* 1.65* 3.94* 12.82
Diluted 3.47* 1.62* 3.87* 12.62
Description March 31, 2026 For the Quarter ended December 31, 2025 March 31, 2025 For the year ended December 31, 2025
Loss due to Exchange rate difference (257) (212) (105) (358)
Total (257) (212) (105) (358)
Description March 31, 2026 For the Quarter ended December 31, 2025 March 31, 2025 For the year ended December 31, 2025
Employee stock option compensation 36 31 46 131
Non-recurring Employee benefit and severance costs – – – 328
Enterprise Resource Planning (ERP) Transformation cost 52 75 106 369
Total 88 106 152 828
Description March 31, 2026 For the Quarter ended December 31, 2025 March 31, 2025 For the year ended December 31, 2025
Amortisation of intangible assets acquired in business combination – 2 3 10
Total – 2 3 10
Description March 31, 2026 For the Quarter ended December 31, 2025 March 31, 2025 For the year ended December 31, 2025
Enterprise Resource Planning (ERP) Transformation cost 65 25 87 283
Acquisition related costs – 25 – 170
Total 65 50 87 453
USD Mn Q1CY26 QoQ (%) YoY (%)
Revenue 388.5 (0.1%) 4.6%
EBIT 50.4 78.0% (5.1%)
PAT 36.9 13.5% (3.7%)
INR Mn Q1CY26 QoQ (%) YoY (%)
Revenue 36,130 3.9% 12.6%
EBIT 4,801 88.9% 5.7%
PAT 3,516 20.6% 7.5%

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