Hexaware Technologies reported constant currency revenue growth of 1.7%, which fell 1.7% below street estimates of 3% for the September quarter. According to reports from CNBC TV18, the company's dollar revenue increased 1.6% to $411.9 million from $405.4 million sequentially, while rupee revenue rose 2.3% to ₹3,933.1 crore compared to ₹3,845.2 crore last quarter. The sequential growth was 4.5% annually, showing steady expansion despite the revenue miss.
The company's adjusted EBIT margin stood at 13.8%, meeting expectations and remaining unchanged from the previous quarter. However, reported EBIT declined 8.5% sequentially to ₹479.1 crore with margins at 12.2%, down 6.5% from the same period last year. As reported by CNBC TV18, the decline was attributed to one-off items including acquisition-related costs and leadership change impacts. Profit after tax surged 30% sequentially to ₹429.4 crore from ₹330.2 crore in the previous quarter, also showing 16.1% growth year-over-year.
The banking vertical demonstrated strong performance with 6.6% sequential growth and 13.5% annual growth, according to CNBC TV18 reports. The technology, products and platforms vertical also showed positive momentum with 7.2% sequential and 9.7% annual growth. The financial services vertical increased 3% quarter-over-quarter and 2.4% year-over-year, while the manufacturing and consumer segment grew 1.8% sequentially and 3% annually. However, the healthcare and insurance vertical declined 0.4% sequentially but remained 6.3% higher year-over-year, and the travel and transportation vertical fell 3.5% sequentially and 8.5% annually.
Vivek Jetley assumed the role of CEO from R Srikrishna on October 28, marking a significant leadership transition for the company. According to CNBC TV18, shares of Hexaware Tech ended the previous session flat at ₹569 per share. The stock has gained 18% in the past month but remains down 24.9% year-to-date. The company follows a calendar year format, making the September quarter its third quarter of 2026.
