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Hexaware Technologies Ltd

Q2 FY26IT - Software

Hexaware Technologies Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹532
Market cap₹34.9K Cr
P/E24.6
Updated23 Aug 2026
Read4 min read

The short version

Expect calendar year 2026 to be better than 2025, with growth resuming after short-term headwinds. ERP-related savings are expected but will be used primarily to invest in growth rather than immediate margin expansion.

From Hexaware Technologies Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Expect calendar year 2026 to be better than 2025, with growth resuming after short-term headwinds.
  • Pipeline is the largest ever (>US$3 billion), indicating strong future deal flow.
  • Legacy modernization deals are growing with three material-scale deals in progress for the future.
  • Short-cycle and momentum deals are picking up, complementing growth beyond large consolidation deals.
  • Professional Services headwinds are expected to end by Q4, turning into a growth driver in 2026.
  • Banking vertical showing sharp recovery and is expected to lead future quarter-on-quarter and year-on-year growth.
  • High-Tech sector anticipated for rapid growth over the next few years, especially with leadership and new vertical creation.
  • CyberSolve acquisition in IAM space expected to contribute growth of about 15%.

2 more points from Hexaware Technologies Ltd's call on revenue

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Profitability & Margins

See what Hexaware Technologies Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Acquisition of CyberSolve completed for a total consideration of US$66 million, with an upfront payout of US$35 million and the balance linked to next 3 years of performance.
  • CyberSolve brings critical IAM (Identity and Access Management) capabilities, a key growth area within the security ecosystem.
  • Payouts for the acquisition are performance-linked, indicating a strategic investment focused on capability build and growth.
  • The company mentions "judicious use from a capital perspective" with the acquisition at a right valuation.

2 more points from Hexaware Technologies Ltd's call on capex

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Top-ranked in IT - Software

Ranked on what management guided this quarter

Guidance-ranked
1Workmates Core2
Rev 1Mar 1
2Virtual Galaxy
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Hexaware Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The overall pipeline is the largest ever, exceeding US$3 billion.
  • Pipeline size increased partly due to decision delays in Q1 and Q2, with more decisions expected in Q4.
  • There are multiple decent-sized momentum deals back on the table for closure.
  • Two large consolidation deals are in the pipeline for next year, expected to add to growth.
  • Legacy modernization deals are growing, with three material-scale deals currently in advanced stages (two RFPs and one sole-source).
  • New deals in consolidation, tech modernization, and outsourcing categories were won in Q3.

2 more points from Hexaware Technologies Ltd's call on order book

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Hexaware Technologies Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.6K Cr, net profit ₹352 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Hexaware Technologies Ltd Q2 FY26 results?

Expect calendar year 2026 to be better than 2025, with growth resuming after short-term headwinds. ERP-related savings are expected but will be used primarily to invest in growth rather than immediate margin expansion.

What is Hexaware Technologies Ltd share price analysis?

Hexaware Technologies Ltd currently shows a neutral. The stock trades at a P/E of 24.6 with a market cap of ₹34,865 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hexaware Technologies Ltd planning capital expenditure?

Acquisition of CyberSolve completed for a total consideration of US$66 million, with an upfront payout of US$35 million and the balance linked to next 3 years of performance.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.