Hexaware Technologies slips 9% post Q2 results

The stock slipped 9% to Rs 453 on the BSE after the company reported a flat EBITDA margin at 15.6% in June 2018 quarter.

Shares of Hexaware Technologies have slipped 9% to Rs 453 per share on the BSE after the information technology (IT) company reported a flat EBITDA margin at 15.6% in June 2018 quarter (Q2CY18). The company has reported year on year (YoY) margin decline from 16.2% in Q2CY17.

The company’s consolidated net profit during the quarter up 14% at Rs 1.53 billion in Q2CY18 against Rs 1.34 billion in Q1CY18.
 

Revenue for the quarter at US $ 168.3 million grew by 3.8% quarter on quarter (QoQ), led by volume growth of 4.9%. Revenue in constant currency grew by 4.7% QoQ