Comments
Hexaware Technologies has reported a 56 per cent rise in consolidated net profit for the fourth quarter ended December 31 largely on account of higher sales and non-operational income.
The mid-size IT company, which was acquired last year by Baring Private Equity Asia, recorded net profit of ₹103.2 crore against ₹66.2 crore in the same quarter a year ago. Revenue went up by 23.4 per cent to ₹620 crore (₹502.3 crore). Hexaware follows a January-December accounting calendar.
“Hexaware has achieved two new milestones this quarter. The company has for the first time crossed $100 million quarterly revenue and ₹100 crore quarterly profit after tax,” Atul Nishar, Chairman, said in a press statement. During the previous quarter, the company added 10 new clients across all its key focus areas. Other income went up by 14.2 per cent to ₹10.6 crore from ₹9.3 crore in the corresponding year-ago period.
The company’s board has recommended a final dividend of ₹1 per equity share.
The Hexaware scrip hit an intra-day high of ₹142.55, 4.56 per cent higher than Thursday’s closing price on the BSE today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.