Hexaware Tech jumps after Q4 earnings

Hexaware Technologies rose 4.72% to Rs 234.20 at 13:29 IST on BSE after the company reported Q4 December 2015 after trading hours yesterday, 3 February 2016.

Meanwhile, the BSE Sensex was up 217.47 points, or 0.90%, to 24,440.79.

On BSE, so far 6.78 lakh shares were traded in the counter, compared with an average volume of 92,402 shares in the past one quarter. The stock hit a high of Rs 247.75 and a low of Rs 218.50 so far during the day. The stock hit a record high of Rs 335.45 on 13 April 2015. The stock hit a 52-week low of Rs 202.90 on 24 August 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 7.81% compared with 7.41% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 5.13% as against Sensex's 8.90% fall.

The mid-cap company has an equity capital of Rs 60.31 crore. Face value per share is Rs 2.

On a consolidated basis, Hexaware Technologies' net profit fell 11% to Rs 99.40 crore on 0.1% increase in revenue to Rs 819.50 crore in Q4 December 2015 over Q3 September 2015.

On a consolidated basis, the company's net profit rose 22.8% to Rs 393.20 crore on 21% increase in revenue to Rs 3123.50 crore in the year ended December 2015 over the year ended December 2014.

The company said it added 9 new clients in Q4 December 2015. It added 37 new clients in the calendar year 2015.

Hexaware is a leading global provider of IT, BPS and consulting services. The company focuses on key domains such as banking, financial services, capital markets, healthcare, insurance, travel, transportation, logistics, hospitality, manufacturing and consumer.

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