Q3 revenue and profit rise as new CEO takes over
HEXT · price
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The board approved Q3CY26 unaudited results. Revenue was USD 411.9 million, up 4.3% year on year, and profit after tax was USD 44.9 million, up 7.2%. In rupees, revenue rose 12.9% and profit after tax 16.1%. Adjusted operating margin was 13.8%, up 17 basis points from Q2. Other decisions included INR 597 million of restructuring costs, a CEO change and board changes.
Revenue and profit growth supports sentiment, but year-on-year operating margin fell and the leadership transition creates some execution risk.