Hexaware Reports Q3CY26 Revenue at USD 411.9 Mn, Up 4.3% YoY
Q3CY26 Adjusted EBIT Margin at 13.8%, Increase of 17 bps QoQ
Mumbai, Oct 29: Hexaware Technologies, a global provider of IT solutions and services, today announced financial results for the third quarter of calendar year 2026 ended Sep 30, 2026.
Financial Summary and Highlights
|
|
USD Mn |
INR Mn |
|||||
|
Q3CY26 |
QoQ (%) |
YoY (%) |
Q3CY26 |
QoQ (%) |
YoY (%) |
||
|
Revenue |
411.9 |
1.6% |
4.3% |
39,331 |
2.3% |
12.9% |
|
|
EBIT |
50.2 |
(9.3%) |
(13.5%) |
4,791 |
(8.5%) |
(6.5%) |
|
|
PAT |
44.9 |
28.8% |
7.2% |
4,294 |
30.0% |
16.1% |
|
|
Constant Currency Growth |
Q3CY26 |
|
|
QoQ % |
YoY % |
|
|
Revenue |
1.7% |
4.5% |
Revenue:
-
Q3CY26: USD 411.9 Mn | INR 39,331 Mn
-
USD: +1.6% QoQ and +4.3% YoY | INR: +2.3% QoQ and +12.9% YoY
-
Constant Currency: +1.7% QoQ and +4.5% YoY
Profitability:
-
Adjusted EBIT (1):
-
Q3CY26: 13.8% | +17 bps QoQ and (88 bps) YoY in % terms
-
+2.9% QoQ and (1.9%) YoY in absolute terms
-
Basic EPS:
-
Q3CY26: INR 7.06 | +30.5% QoQ and 15.9% YoY
Key Client Metrics
-
Added one customer in the USD 20Mn+ category (LTM basis), increasing the total to 17 (from 16 in the previous quarter)
-
Top 10 customer revenue concentration at 35.4% in Q3CY26 (LTM basis)
Key People Metrics
-
Closing Headcount: 35,887, QoQ net addition of 1,381 with 386 net addition in IT
-
Voluntary Attrition for IT(2): 11.1%
-
Q3CY26 Utilization Rate for IT(3): 84.9%
Other Key Metrics
-
DSO (Billed + Unbilled) at 77 in Q3CY26, of which Billed is 41
-
LTM Q3CY26 Operating Cash Flow (OCF) to Reported Profit % at 109.6%
-
Cash and Cash Equivalents Position as of Sep 30, 2026, is USD 199 Mn(4) (5)
“I am delighted to join Hexaware at an exciting time for the company and our industry. What attracted me to Hexaware is its talented people, deep client relationships, and entrepreneurial culture. With AI creating new possibilities for enterprises across industries, I believe we have a tremendous opportunity to build on these strengths, deepen the impact we create for our clients, and shape the next phase of Hexaware’s growth.” Vivek Jetley, CEO
“Q3 reflected continued progress across several key financial and operating metrics. Revenue grew sequentially, accompanied by a higher adjusted EBIT margin and strong cash conversion. Our focus now is to carry the momentum from our stronger businesses into broader growth while staying disciplined and investing in the capabilities that build lasting value.” Vikash Jain, CFO
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