Hexaware Technologies Limited – Investor Presentation Summary

Key Operational Highlights

  • Closing Headcount: 35,887, with a QoQ net addition of 1,381 (386 net addition in IT).
  • Voluntary Attrition for IT: 11.1%.
  • Utilization Rate for IT: 84.9%.
  • Key drivers of operational performance: AI-led growth strategy, embedding AI across the technology lifecycle and business operations.

Segment-wise Performance

Revenue by Vertical (USD terms, QoQ/YoY growth):

  • Financial Services: +3.0% QoQ, +2.4% YoY
  • Healthcare & Insurance: -0.4% QoQ, +6.3% YoY
  • Manufacturing & Consumer: +1.8% QoQ, +3.0% YoY
  • Professional Services: +0.3% QoQ, +7.8% YoY
  • Travel & Transportation: -3.5% QoQ, -8.5% YoY
  • Technology, Products & Platforms: +7.2% QoQ, +9.7% YoY

Revenue by Service Line (USD terms, QoQ/YoY growth):

  • IT Services & Others: +1.2% QoQ, +4.2% YoY
  • BPS Services: +4.7% QoQ, +5.3% YoY

Financial Highlights

Q3CY26 Financials:

  • Revenue: USD 411.9 Mn | INR 39,331 Mn
  • USD Revenue Growth: +1.6% QoQ; +4.3% YoY
  • INR Revenue Growth: +2.3% QoQ; +12.9% YoY
  • Constant Currency Growth: +1.7% QoQ; +4.5% YoY
  • Adjusted EBIT: USD 56.9 Mn
  • Adjusted EBIT Margin: 13.8% (+17 bps QoQ; -88 bps YoY)
  • Reported Profit: USD 44.9 Mn
  • Reported Profit Margin: 10.9% (+230 bps QoQ; +29 bps YoY)
  • Basic EPS: INR 7.06 (+30.5% QoQ; +15.9% YoY)
  • Drivers of financial performance: Revenue growth, adjusted for one-time costs.

Geographical Revenue Split

Q3CY26 Revenue Geographic Split:

  • Americas: 73.5% of revenue (USD Growth: +1.5% QoQ, +1.1% YoY)
  • Europe: 20.2% of revenue (USD Growth: +3.1% QoQ, +12.8% YoY)
  • Asia Pacific: 6.3% of revenue (USD Growth: -1.6% QoQ, +20.0% YoY)

Balance Sheet Snapshot

As of September 30, 2026 (INR Mn):

  • Property, plant and equipment and intangible assets: 10,010
  • Right-of-use assets: 6,083
  • Goodwill: 38,172
  • Trade receivables and unbilled revenue: 33,177
  • Cash and cash equivalents (inc. restricted and MF Investments): 19,052
  • Total Assets: 1,18,042
  • Total Equity: 72,131
  • Total Liabilities: 45,911

Capex & Cash Flow Health

9MCY26 Cash Flow (INR Mn):

  • Net cash generated from operating activities (OCF): 7,221
  • Capex: (1,236)
  • Payment towards acquisition of business: (2,787)
  • Dividend paid: (5,181)
  • Net cash outflow: (5,262)
  • Closing cash balance as of 30th Sep 2026: USD 199 Mn

Strategic & R&D Initiatives

  • AI Led Growth Strategy: Embedding AI across the technology lifecycle (AI for IT) and combining AI with domain expertise to transform business operations (AI for Business).
  • ZeroVity: Providing the foundational context, governance and orchestration layer to scale enterprise AI.
  • Anthropic partnership: Became a Preferred Partner in the Claude Partner Network to deliver enterprise AI solutions at scale.
  • Strategic Rationale: Focus on AI-driven digital transformation for clients.

Industry Trends & Business Environment

Macro/Industry Trends: Intense competition in IT services, technological disruptions and innovations such as Generative AI.

Impact on Company: The company is positioning itself through its AI-led strategy to capitalize on these trends.

Management Commentary & Growth Outlook

Strategic Outlook: The presentation outlines a strategy focused on AI-led growth and digital transformation.

Risks and Opportunities: Risks include fluctuations in earnings, intense competition, ability to manage growth, and technological disruptions.

ESG Updates

  • Ecovadis Assessment: Silver medal with a score of 79 (top 15% globally).
  • S&P Global CSA: Score of 86/100 (98th percentile).
  • NSE Sustainability Ratings: ESG score of 76/100 ("Leader" classification).
  • Committed to near-term, long-term, and Net Zero targets approved by SBTi.
  • Achieved 87% electricity from renewable sources on campuses (target: 85% by 2030).
  • Women workforce: 35.92% (target: 40% by 2030).
  • Students supported in STEM: 21,500 (target: 25,000+ by 2030).