Brokerage Reports
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Updated on 12 Nov 2025, 10:32 am
Reviewed By
Abhay Singh | Whalesbook News Team

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Hexaware Technologies reported revenue of USD395 million in the third quarter of calendar year 2025, showing a 3.4% quarter-on-quarter increase in constant currency (CC) terms, slightly surpassing Motilal Oswal's estimate of 3.3%. Growth was robust in the Manufacturing and Consumer segments, which surged by 16.5% QoQ, and the Healthcare and Insurance verticals, up 11.3% QoQ. However, the Hi-Tech and Professional Services & Travel (PS & Travel) verticals experienced declines of 8.6% and 9.8% QoQ, respectively. The company's EBIT margin stood at 14.7%, closely aligning with the estimate of 14.9%. Profit After Tax (PAT) saw a 2.6% dip QoQ but grew by a significant 23.4% year-on-year, reaching INR3.7 billion, just below the INR3.8 billion estimate.
Impact Motilal Oswal's reiterated BUY rating and significant price target for Hexaware Technologies could influence investor sentiment, potentially driving demand for its shares. The positive outlook on future earnings (15.5% PAT CAGR) suggests a favorable view on the company's growth trajectory, making it a key piece of information for investors tracking the IT sector and seeking potential growth opportunities. The stock may experience increased trading activity and price movement based on this report. Rating: 8/10
Difficult Terms: * Revenue: The total income generated by the sale of goods or services. * Constant Currency (CC): This measures financial results without the impact of foreign exchange rate fluctuations, providing a clearer view of underlying business performance. * QoQ: Quarter-on-Quarter, comparing a company's performance in a specific quarter to the previous quarter. * EBIT margin: Earnings Before Interest and Taxes margin, a profitability ratio that shows how much profit a company makes for every dollar of sales after deducting operating expenses but before deducting interest and taxes. * PAT: Profit After Tax, the net profit remaining after all expenses, interest, and taxes have been deducted. * CAGR: Compound Annual Growth Rate, the average annual growth rate of an investment over a specified period longer than one year. * Price Target (TP): An analyst's projection of a stock's future price, usually over a 12-month period.