Hexaware Technologies LimitedQuarter ended September 30, 2026 Results & Financial Update
Hexaware Technologies Limited: Quarter ended September 30, 2026 consolidated results and company financials – revenue ₹3,933.10 Cr, PAT ₹429.40 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Hexaware Technologies Quarter ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Hexaware Technologies reported consolidated revenue of INR 3,933.1 crore for the quarter ended September 30, 2026, marking a 2.3% sequence growth compared to INR 3,845.2 crore in the previous quarter and a 12.9% expansion over INR 3,483.6 crore in the corresponding period of the previous year.
Profit after tax for the quarter reached INR 429.4 crore, reflecting a notable 30.0% increase quarter-on-quarter from INR 330.2 crore and a 16.1% rise year-on-year from INR 369.9 crore, supported by shifts in other income and tax expenses.
Basic earnings per share (EPS) stood at INR 7.06 for Q3CY26, compared to INR 5.38 in Q2CY26 and INR 6.09 in Q3CY25, registering a 30.5% sequential improvement.
Total income for the quarter came in at INR 4,082.5 crore, compared to INR 3,795.1 crore in the preceding quarter and INR 3,493.9 crore in the year-ago period.
Profit before tax (PBT) grew to INR 543.4 crore from INR 440.7 crore in the previous quarter and INR 496.7 crore in the corresponding quarter of the previous year.
The reported operating margin stood at 12.2% for the quarter, compared to 13.6% in the preceding quarter and 14.7% in the year-ago period, while adjusted EBIT margin was reported at 13.8% after accounting for specific restructuring and CEO exit-related adjustments.
01 · Business model
What does Hexaware Technologies do?
Hexaware Technologies Limited is a global digital and technology services provider that embeds artificial intelligence at the core of its operations, serving a diverse international client base across more than 30 countries.
The company leverages a comprehensive suite of proprietary platforms and tools to modernize legacy estates, automate core business processes, and accelerate software delivery for enterprise customers, including over 30 Fortune 500 organizations.
Its operational delivery model spans both onshore and offshore IT services as well as business process services (BPS), catering to major verticals such as financial services, healthcare, manufacturing, and consumer domains.
02 · Historical context
What shaped the business before this quarter
The company previously updated internal customer alignments across verticals and geographies, reflecting ongoing portfolio restructuring to capture high-growth AI and digital transformation mandates.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended September 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹3,933.10 Cr | ₹3,483.60 Cr | ₹3,845.20 Cr |
| Total income | ₹4,082.50 Cr | ₹3,493.90 Cr | ₹3,795.10 Cr |
| Profit before tax | ₹543.40 Cr | ₹496.70 Cr | ₹440.70 Cr |
| Profit after tax | ₹429.40 Cr | ₹369.90 Cr | ₹330.20 Cr |
| EPS | ₹7.06 | ₹6.09 | ₹5.38 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
USD revenue reached USD 411.9 million in Q3CY26, up 1.6% sequentially and 4.3% year-on-year, with constant currency growth registering 1.7% QoQ and 4.5% YoY.
Financial Services remained the largest revenue contributor at 29.1% (INR 11,441 crore), followed by Healthcare and Insurance at 22.7% (INR 8,922 crore) and Manufacturing and Consumer at 16.0% (INR 6,299 crore).
Banking vertical revenue grew 6.6% sequentially and 13.5% year-on-year in USD terms, while Technology, Products & Platforms expanded 7.2% QoQ.
What drove margins
Reported EBIT margin stood at 12.2% (INR 479.1 crore), while adjusted EBIT margin was 13.8%, adjusting for CEO exit-related separation costs, stock option reversals, professional fees, and customer contract impairments.
Employee benefits expense stood at INR 22,991 crore (INR 22,664 crore in Q2CY26), while other expenses were INR 10,678 crore for the quarter.
05 · Demand, customers & order book
Where demand is coming from
Active clients with over USD 1 million in annual revenue increased to 205, clients above USD 20 million rose to 17, and clients above USD 50 million stood at 4.
Top 5 customers accounted for 24.7% of LTM revenue, top 10 for 35.4%, and top 20 for 49.3%, reflecting stable account diversification.
Secured significant enterprise mandates during the quarter, including AI-native customer experience for a smart home platform, legacy modernization for a US infrastructure provider, and data modernization for a leading Australian bank.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
IT Services and Others accounted for 85.9% of total revenue at INR 33,778 crore, while BPS Services contributed 11.8% at INR 4,637 crore.
Onshore IT Services generated INR 17,949 crore (53.1% of IT revenue), while Offshore IT Services contributed INR 15,829 crore (46.9%).
Geography and market mix
The Americas region remained the primary geographic market, contributing INR 28,907 crore or 73.5% of total revenue, growing 1.5% QoQ in USD terms.
Europe contributed INR 7,960 crore (20.2% of revenue, up 3.1% QoQ in USD terms), and Asia Pacific accounted for INR 2,464 crore (6.3% of revenue).
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Total headcount reached 35,887 employees at the end of Q3CY26, marking a net addition of 1,381 employees during the quarter, with IT business professionals numbering 23,182.
Voluntary attrition for the IT service line (TTM) stood at 11.1%, while IT utilization rate was 84.9% (excluding platform employees starting Q2CY26).
08 · Strategy & new businesses
How the company is trying to change its growth mix
Continued scaling of proprietary AI frameworks including AI for IT, AI for Business, and the ZeroVity orchestration layer for secure enterprise AI adoption.
Became a Preferred Partner in the Claude Partner Network to strengthen enterprise AI delivery capabilities at scale.
09 · Reported developments
What changed operationally
Recognized as a Leader across multiple ISG Provider Lens quadrants for AWS ecosystem, Microsoft AI and Cloud, and Guidewire services, and featured among TIME's World's Best Companies 2026.
10 · Items worth noticing
The line items that can distort a quick read
Q3CY26 results include restructuring expenses of INR 597 crore (USD 6.2 million) and adjustments related to CEO exit costs and contingent consideration fair value changes.
11 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Closing cash and cash equivalents (including restricted cash and mutual fund investments) stood at USD 199 million (INR 19,052 crore) as of September 30, 2026.
Days Sales Outstanding (DSO) stood at 41 days for billed receivables and 36 days for unbilled revenue, computed on trailing 3 months of USD revenue.
Capital allocation & funding
Lease liabilities were reported at INR 6,524 crore, with non-current borrowings and other financial liabilities remaining well-managed on the consolidated balance sheet.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
ESG and Sustainability Ratings
Achieved an Ecovadis Silver medal with a score of 79 (top 15% globally) and an S&P Global CSA score of 86/100, alongside being featured in Dun & Bradstreet's India's Top 500 Value Creators 2026.
13 · Previous-quarter changes
What changed since the previous quarter
Revenue expanded 2.3% sequentially in INR terms, while net profit grew 30.0% QoQ from INR 3,302 crore to INR 4,294 crore.
14 · Key Q&A
The quarter, answered directly
What does Hexaware Technologies do?
Hexaware Technologies Limited is a global digital and technology services provider that embeds artificial intelligence at the core of its operations, serving a diverse international client base across more than 30 countries.
What is the clearest takeaway from Quarter ended September 30, 2026?
Hexaware Technologies reported consolidated revenue of INR 3,933.1 crore for the quarter ended September 30, 2026, marking a 2.3% sequence growth compared to INR 3,845.2 crore in the previous quarter and a 12.9% expansion over INR 3,483.6 crore in the corresponding period of the previous year.
What drove revenue or demand?
USD revenue reached USD 411.9 million in Q3CY26, up 1.6% sequentially and 4.3% year-on-year, with constant currency growth registering 1.7% QoQ and 4.5% YoY.
What mattered most for margins or profitability?
Reported EBIT margin stood at 12.2% (INR 479.1 crore), while adjusted EBIT margin was 13.8%, adjusting for CEO exit-related separation costs, stock option reversals, professional fees, and customer contract impairments.
What changed operationally beyond the headline numbers?
Total headcount reached 35,887 employees at the end of Q3CY26, marking a net addition of 1,381 employees during the quarter, with IT business professionals numbering 23,182.
What should the next disclosure help confirm?
Monitor the commercial traction of ZeroVity and Anthropic partnership engagements in large enterprise pipeline conversions.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AI Adoption and Deal Conversions: Monitor the commercial traction of ZeroVity and Anthropic partnership engagements in large enterprise pipeline conversions.
- 02
Margin Trajectory: Track operating margin movements relative to wage adjustments and scaling efficiencies across key verticals.
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