Hexaware Technologies Ltd.'s share price fell over 4% on Friday, after the company released its fourth-quarter earnings report for the calendar year 2024. The report showed mixed results, with slight growth in revenue and net profit, but a decline in EBIT and EBIT margin.
Hexaware Technologies reported a 0.6% increase in revenue, reaching Rs 3,154 crore compared to Rs 3,136 crore in the previous quarter. The company's earnings before interest and taxes decreased by 0.8%, coming in at Rs 414 crore versus Rs 417 crore in the previous quarter. The EBIT margin slightly declined to 13.1% from 13.3% in the previous quarter. However, net profit saw a 5.4% increase, rising to Rs 319 crore from Rs 303 crore in the previous quarter.
Hexaware Technologies is a global IT and business process services company, with presence in over 19 countries. It offers services in digital transformation, cloud computing, data and AI, and enterprise IT operations.
Hexaware Technologies Share Price
The scrip fell as much as 4.72% to Rs 780.55 apiece. It pared losses to trade 4.52% lower at Rs 782.25 apiece, as of 10:39 a.m. This compares to a 0.12% advance in the NSE Nifty 50.
It has risen 10.49% in the last 12 months. Total traded volume so far in the day stood at 0.5 times its 30-day average.
The single analyst tracking the company maintains a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 4.7%.
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