Q3 profit rises 23%; board approves USD 66 million CyberSolve acquisition
HEXT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Midcap 150 and 3.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Hexaware's Q3 revenue was INR 34,836 million, up 11.1% year on year, and profit after tax was INR 3,699 million, up 23.4%. Nine-month profit rose 26.2% to INR 10,767 million on revenue of INR 99,522 million. The margin before interest, tax, depreciation and amortisation rose to about 17.6% from 16.0%. Auditors gave a clean opinion. The board also approved a USD 66 million CyberSolve acquisition.
Year-on-year profit growth and cybersecurity expansion may support sentiment, but profit dipped sequentially and deal spending may weigh on cash flow.