Hexaware Q2 net at Rs 98 crore

Hexaware today reported a net profit of Rs 98 crore in Q2.

The company reported a consolidated rupee revenue at Rs 536.6 crore while consolidated EBITDA was at Rs 127 crore.

The consolidated EBITDA margin was 23.7%.

Consolidated dollar revenue in Q2 stood at $94.8 million.

EBITDA margin for Q2 2013 expanded to 23.7%; up 440 bps on Q-o-Q basis.

Profit before Tax (PBT) increased by 23.7% Q-o-Q to ' 124.2 Crores while Q2 2013 Profit after Tax (PAT) grew to ' 97.9 Crore; up 23.5% Q-o-Q. 
 
Global Headcount of the comapny increased by 30% to 8,700 at the end of June 2013; 100 fresh engineers added during the quarter, while attrition for the quarter ended June 2013 was at 11%.

With regards to foreign exchange the company has hedges worth $ 226 mn at an effective rate of ' 56.26 and € 13 mn at an
effective exchange rate of ' 74.14 maturing over the course of the next eight quarters.

P. R. Chandrasekar, CEO and Vice Chairman, Hexaware Technologies Limited said “Our enhanced attention to the ‘Top 50’ client account management has reflected in our  current deal pipeline & continued investments for hunting new logos resulted in yet another strong showing with 14 new client additions. We remain confident of delivering robust Q-o-Q growth of 3.5% - 5.5% in the coming quarter”.

Just a month back the company appointed Rajesh Kanani as the Chief Financial Officer who took over from July 1, 2013 and has a stint of 18 yrs with the company.