Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Hexaware Technologies Ltd
Quarter-by-quarter operating performance
| Mar 2020 | Jun 2020 | Sep 2020 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,542 | 1,569 | 1,586 | 2,616 | 2,749 | 2,936 | 3,136 | 3,154 | 3,208 | 3,261 | 3,484 | 3,478 | 3,613 |
| Expenses + | 1,308 | 1,298 | 1,308 | 2,285 | 2,331 | 2,504 | 2,645 | 2,664 | 2,680 | 2,856 | 2,882 | 3,100 | 3,042 |
| Operating Profit | 234 | 271 | 277 | 331 | 418 | 431 | 491 | 490 | 528 | 404 | 601 | 378 | 571 |
| OPM % | 15% | 17% | 18% | 13% | 15% | 15% | 16% | 16% | 16% | 12% | 17% | 11% | 16% |
| Other Income + | 44 | -4 | -6 | 10 | 10 | 30 | 11 | 24 | 4 | 160 | 10 | 102 | 22 |
| Interest | 11 | 15 | 13 | 7 | 10 | 12 | 23 | 21 | 22 | 21 | 26 | 31 | 29 |
| Depreciation | 52 | 64 | 57 | 94 | 60 | 69 | 74 | 76 | 74 | 75 | 89 | 124 | 91 |
| Profit before tax | 215 | 189 | 201 | 240 | 358 | 380 | 406 | 417 | 436 | 468 | 497 | 326 | 473 |
| Tax % | 18% | 19% | 19% | 20% | 22% | 28% | 26% | 23% | 25% | 19% | 26% | 10% | 26% |
| Net Profit + | 175 | 152 | 163 | 193 | 279 | 275 | 300 | 321 | 327 | 380 | 370 | 292 | 352 |
| EPS in Rs | 5.86 | 5.10 | 5.42 | 6.42 | 9.31 | 4.53 | 4.98 | 5.25 | 5.38 | 6.24 | 6.08 | 4.78 | 5.75 |
Financials of Hexaware Technologies Ltd
Annual income statement trend
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,582 | 3,124 | 3,535 | 3,942 | 4,648 | 5,583 | 6,262 | 7,178 | 9,200 | 10,380 | 11,974 | 13,430 | 13,836 |
| Expenses + | 2,134 | 2,579 | 2,958 | 3,286 | 3,911 | 4,701 | 5,212 | 6,042 | 7,974 | 8,809 | 10,139 | 11,514 | 11,881 |
| Operating Profit | 448 | 545 | 577 | 656 | 736 | 881 | 1,050 | 1,136 | 1,226 | 1,572 | 1,835 | 1,917 | 1,954 |
| OPM % | 17% | 17% | 16% | 17% | 16% | 16% | 17% | 16% | 13% | 15% | 15% | 14% | 14% |
| Other Income + | 16 | 9 | 40 | 49 | 58 | 12 | 35 | 67 | 179 | 22 | 75 | 277 | 294 |
| Interest | 2 | 1 | 1 | 2 | 3 | 10 | 52 | 38 | 38 | 42 | 71 | 106 | 107 |
| Depreciation | 44 | 48 | 55 | 63 | 65 | 103 | 232 | 224 | 244 | 284 | 279 | 361 | 378 |
| Profit before tax | 418 | 505 | 560 | 641 | 727 | 779 | 800 | 941 | 1,123 | 1,268 | 1,560 | 1,727 | 1,763 |
| Tax % | 23% | 22% | 25% | 22% | 20% | 18% | 22% | 20% | 21% | 21% | 25% | 21% | |
| Net Profit + | 320 | 393 | 419 | 500 | 583 | 641 | 622 | 749 | 884 | 998 | 1,174 | 1,368 | 1,393 |
| EPS in Rs | 10.64 | 13.04 | 13.88 | 16.83 | 19.62 | 21.49 | 20.69 | 24.93 | 29.44 | 33.22 | 19.36 | 22.41 | 22.85 |
| Dividend Payout % | 89% | 66% | 40% | 24% | 43% | 40% | 17% | 32% | 75% | 53% | 45% | 51% |
Financials of Hexaware Technologies Ltd
Capital structure and asset base
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 59 | 59 | 60 | 60 | 60 | 60 | 61 | 61 | 61 |
| Reserves | 1,230 | 1,373 | 1,681 | 1,948 | 2,332 | 2,706 | 3,176 | 3,728 | 4,063 | 4,574 | 5,296 | 6,255 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 143 | 236 | 374 | 456 | 394 | 574 | 681 |
| Other Liabilities + | 463 | 587 | 570 | 538 | 742 | 1,260 | 1,666 | 1,511 | 1,934 | 2,173 | 3,063 | 3,906 |
| Total Liabilities | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,902 |
| Fixed Assets + | 514 | 533 | 479 | 541 | 574 | 2,038 | 2,478 | 2,391 | 2,588 | 2,454 | 3,760 | 5,130 |
| CWIP | 35 | 116 | 323 | 256 | 224 | 86 | 10 | 12 | 6 | 55 | 131 | 50 |
| Investments | 186 | 41 | 21 | 21 | 13 | 3 | 0 | 123 | 0 | 251 | 0 | 145 |
| Other Assets + | 1,019 | 1,330 | 1,488 | 1,726 | 2,322 | 2,042 | 2,649 | 3,147 | 3,920 | 4,442 | 5,104 | 5,577 |
| Total Assets | 1,754 | 2,021 | 2,311 | 2,545 | 3,133 | 4,169 | 5,138 | 5,674 | 6,514 | 7,202 | 8,994 | 10,902 |
Financials of Hexaware Technologies Ltd
Operating, investing and financing cash movement
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 413 | 393 | 473 | 476 | 549 | 596 | 1,438 | 980 | 821 | 1,516 | 1,548 | 1,739 |
| Cash from Investing Activity + | 119 | 14 | -197 | -95 | -8 | -1,001 | -416 | -210 | 13 | -284 | -663 | -914 |
| Cash from Financing Activity + | -535 | -314 | -249 | -280 | -250 | -169 | -242 | -602 | -721 | -750 | -682 | -831 |
| Net Cash Flow | -3 | 93 | 26 | 102 | 290 | -573 | 780 | 167 | 113 | 482 | 203 | -6 |
| Free Cash Flow | 353 | 257 | 251 | 381 | 488 | 467 | 1,397 | 871 | 702 | 1,452 | 1,417 | 1,576 |
| CFO/OP | 118% | 95% | 107% | 99% | 96% | 86% | 151% | 104% | 87% | 113% | 101% | 110% |
Financials of Hexaware Technologies Ltd
Working capital efficiency and return ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 51 | 45 | 50 | 63 | 64 | 47 | 70 | 75 | 65 | 60 | 56 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 52 | 51 | 45 | 50 | 63 | 64 | 47 | 70 | 75 | 65 | 60 | 56 |
| Working Capital Days | 16 | 19 | 26 | 36 | 35 | 18 | 2 | 9 | 8 | 0 | -9 | -16 |
| ROCE % | 34% | 37% | 35% | 34% | 33% | 30% | 27% | 26% | 26% | 27% | 30% | 30% |