Hexaware Tech shares climb over 4% as profit jumps

Shares of IT services firm Hexaware Technologies today rose over 4 per cent after the company said its consolidated net profit rose 30 per cent for the July-September quarter of this year.
The stock ended 4.16 per cent higher at Rs 245.55 on BSE. Intra-day, it gained 5.81 per cent to Rs 249.45.
At NSE, shares of the company climbed 4.24 per cent to Rs 245.40.
The company added Rs 295.48 crore to Rs 7,403.48 crore in market valuation.
On the volume front, 3.12 lakh shares of the company changed hands at BSE and over 29 lakh shares were traded at NSE during the day.

Mid-sized IT services company Hexaware Technologies yesterday said its consolidated net profit rose 29.8 per cent to Rs 111.6 crore for the July-September quarter, helped by all-round growth across verticals and geographies.

The firm had posted a net profit of Rs 86 crore in the same quarter last year.
Its consolidated revenues during the period rose 22 per cent to Rs 818.4 crore as against Rs 670.6 crore in the year-ago period.
The company follows January-December financial year.
In dollar terms, net profit was up 20.7 per cent to USD 17.1 million, while revenues grew 13.7 per cent to USD 125.1 million in the said quarter.