Hexaware Technologies gains on robust Q3 earnings

Net profit for December quarter was up 14% at Rs 99.4 crore y-o-y

Shares of Hexaware Technologies surged 5% to Rs 234 on the Bombay Stock Exchange after the company reported 14% growth in consolidated net profit at Rs 99.4 crore for the quarter ended December 2015 compared with Rs 87.3 crore in the same quarter last year.

Income for the quarter under review increased from Rs. 700.8 crore for the quarter ended December 31, 2014 to Rs 828.2 crore for the quarter ended December 31, 2015.

Meanwhile, consolidated net profit for the year ended December 2015 was higher by nearly 23% at Rs 393.2 crore compared with Rs 320.2 crore in the year ended December 2014.

The stock opened at Rs 220 and touched a high of Rs 249. At 12:25pm, over 6.8 million shares were traded on both the stock exchanges.