Hexaware Technologies reported a 16.1% YoY increase in Q3CY26 profit to INR 4,294 million, alongside a revenue rise of 12.9% to INR 39,331 million. The company announced a major leadership transition, with Vivek Jetley taking over as CEO effective October 28, 2026. The board also approved corporate restructuring, including a slump sale and subsidiary mergers, while issuing 1.3 million shares to the employee benefit trust.
Hexaware Technologies Q3 Profit Climbs 16.1% to INR 4,294 Million
Q3 Revenue stood at INR 39,331 million, marking a 12.9% year-on-year increase.
Reader Takeaway: Strong double-digit profit growth signals operational health, though EBIT margins faced pressure from year-ago levels.
What just happened
Hexaware Technologies has released its Q3CY26 results, highlighting a steady performance in top-line growth. Consolidated revenue climbed to INR 39,331 million, up 12.9% from INR 34,836 million in the same period last year. Profit after tax rose to INR 4,294 million, a 16.1% improvement YoY. However, the company reported a decline in EBIT to INR 4,791 million, down 6.5% compared to the year-ago period, reflecting a contraction in EBIT margins to 12.2%.
Why this matters
The company is undergoing a significant leadership overhaul. Mr. Vivek Jetley has been appointed as the new CEO effective October 28, 2026, succeeding Mr. R Srikrishna. Simultaneously, the company is refining its corporate structure through the slump sale of Tech SMC Square India and the merger of various international subsidiaries. The board also approved the incorporation of a new entity in Mauritius and the voluntary liquidation of its Netherlands-based subsidiary, Mobiquity BV.
Management and Board Transitions
Beyond the CEO transition, the board saw notable changes. Mr. Arjun Shah and Mr. Gregory Michael Zeluck joined as Additional Directors, replacing outgoing members Mr. Neeraj Bharadwaj and Mr. Julius Genachowski. Furthermore, Mr. Girish Pai, the Global Head of Data, has resigned from his position, effective November 13, 2026.
Share Allotment and Dividends
Hexaware has approved the allotment of 1,300,000 equity shares to the Hexaware Employees Benefit Trust at a price of INR 382.5 per share. Additionally, the company previously declared a second interim dividend of INR 9.50 per share on October 20, 2026, reinforcing its commitment to shareholder returns.
What to track next
Investors should monitor the impact of the new leadership under Mr. Vivek Jetley on the company's long-term EBIT margins. The integration of restructured subsidiaries and the efficiency gains from the ongoing corporate consolidation will be key performance indicators in the coming quarters.