Hexaware Q1 net rises 7.5% to ₹351.6 cr, revenue up 12.6% at ₹3,613 cr

Hexaware Technologies reported a 7.5 per cent rise in first-quarter net profit and maintained its annual growth guidance amid strong AI-led deal momentum

Mid-tier information-technology (IT) services firm Hexaware Technologies has recorded a 7.5 per cent year-on-year (Y-o-Y) rise in net profit for the first quarter of calendar year 2026 (Q1CY26) to ₹351.6 crore while revenue was up 12.6 per cent at ₹3,613 crore. On a constant currency basis revenue was up 3.2 per cent from the year-ago period.

 

Shares of the company closed at ₹460.55 on the BSE on Thursday.

 

Hexaware, backed by private equity giant Carlyle, has also maintained its guidance of 7.6 per cent growth for the calendar year supported by the ramp-up of previously won large deals and strong conversion from recent wins.

 

 

“The most defensible moat in the AI (artificial intelligence) world is trust in relationships with customers. Our customers trust us to be their AI transformation partner to bring the power of AI to all facets of their IT and business. This represents a significant growth opportunity, and we are well poised to accelerate growth through 2026,” said Chief Executive Officer (CEO) R Srikrishna.

 

“Q1 witnessed strong deal momentum, with wins across consolidation, outsourcing, and transformation programmes. AI in SDLC (software development life cycle) was the single largest driver of deal activity and differentiation,” he added.

 

The firm’s growth is expected to be led by financial services, health care and insurance and manufacturing verticals. Travel and tourism, which reported negative growth of 9 per cent in Q1CY26, is expected to be sluggish due to macroeconomic environments.

 

For the first quarter, financial services was up 1.4 per cent Y-o-Y, health care 13.5 per cent and manufacturing 13.2 percent. Revenue from the Americas, which contribute almost 75 per cent to the topline, was up 2.5 per cent Y-o-Y, while that from Europe grew 11.6 per cent. 

 

The company has reiterated its earnings before interest and taxes (Ebit) margin guidance of 13-14 per cent. It said the margin will improve through the year, especially in the second half.

 

“Q1 continued to reflect the strength and discipline of our financial engine. We had yet another quarter of strong cash generation,” said Chief Financial Officer (CFO) Vikash Jain.

 

Hexaware had 33,798 employees at the end of March and its IT voluntary attrition was 11.1 per cent.