Financial statement for the quarter ended June 30, 2025
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Hexaware's board approved audited consolidated and standalone results for the quarter and half-year ended June 30, 2025. Consolidated revenue from operations rose to ₹32,607 million, up about 11% YoY from ₹29,355 million in Q2 FY24; half-year revenue grew 13.8% to ₹64,686 million. Net profit for the quarter jumped 38% YoY to ₹3,797 million (from ₹2,746 million), taking H1 FY25 PAT to ₹7,068 million, up nearly 28% YoY. Basic EPS for the quarter stood at ₹6.25 vs ₹4.54 a year ago. The auditor (B SR & Co. LLP) issued an unmodified opinion on both consolidated and standalone results, and the company reported zero outstanding loan defaults or financial indebtedness. Other income for the quarter was boosted by a one-time ₹1,587 million write-back of an earnout payable related to an earlier acquisition. The board also approved setting up a wholly owned subsidiary in Colombia (initial investment up to USD 2 million) and noted the July 17, 2025 acquisition of US-based SMC Squared LLC for up to USD 120 million to add Global Capability Centre expertise. Previous-period segment numbers have been restated following an internal organisational realignment.
A clean, strong quarter with high-teens to high-twenties growth in profit and double-digit revenue growth, supported by an exceptional earnout write-back. The SMC Squared acquisition and Colombia WOS point to continued inorganic and geographic expansion, which could be margin-accretive once integrated but adds integration risk for shareholders.