Hexaware Technologies’ Q3 revenue hit ₹3,933.1 cr, a 2.3% sequential rise but 1.7% shy of the ₹3,969.6 cr consensus. The company’s constant‑currency growth of 1.7% lagged the 3% estimate, even as the year‑on‑year gain stood at 12.9%. Yet profit after tax leapt 30% from ₹330.2 cr to ₹429.4 cr, driven largely by a 7.2% uptick in the technology, products and platforms vertical.
Adjusted EBIT fell to 13.8% of revenue, nudging past the 13.6% consensus, while headline EBIT dipped to 12.2% due to acquisition‑related one‑offs and the leadership transition. In a boardroom brief, CEO Vivek Jetley announced a tighter 2026 margin outlook of 13‑13.5%, a move that signals tighter cost discipline amid a crowded services market.
Sector peers such as Infosys and TCS posted higher revenue growth, but Hexaware’s 12.9% YoY increase outpaces the broader IT services index by roughly 2.3 percentage points. The company’s banking vertical grew 13.5% YoY, while the travel and transportation segment saw a 8.5% drop, underscoring a mixed‑bag performance that aligns with the industry’s shift toward digital‑first offerings.
Looking ahead, Hexaware will release its Q4 guidance on November 10. Management hinted at a potential 2026 capital‑expenditure push to support a 15% organic revenue growth target, but the narrowed margin guidance suggests a conservative stance on cost growth. Investors will weigh the 30% profit lift against the revenue miss and the CEO transition as they decide on the stock’s next move.