Whalesbook
Hexaware ne CY26 ke Q1 mein performance mein dum dikhaya hai. Inka adjusted EBIT margin 13.3% raha, jo analysts ke 11.9% ke expectation se kaafi tagda nikla hai. Haan, constant currency mein revenue 0.3% kam hua hai sequential basis par, jo USD 388.5 million hai. Lekin, YoY basis par revenue 4.6% (USD mein) aur 12.6% (INR mein, jo ₹36,130 million banta hai) badha hai. Net profit bhi YoY 7.5% badh kar ₹3,516 million ho gaya. Is result ke baad, stock mein 5% ka jump dekha gaya. Halanki, share abhi bhi apne 52-week high ₹900 se kaafi neeche trade kar raha hai.
Company ke results mein sectors ka mix dikh raha hai. Healthcare & Insurance 13.5% YoY badha hai aur Professional Services bhi theek hai. Par Travel & Tourism mein 9% ka decline dikha hai, aur Banking mein bhi quarterly dip hai. Lekin CEO R Srikrishna ne kaha hai ki AI-led transformation aur strong client relationships se naye deals mil rahe hain. USD 10 million+ category mein 2 naye clients add hue hain, total 34 ho gaye hain. Full year revenue growth guidance 7.6% maintain rakha hai, jo naye aur bade deals se aane ki umeed hai.
Abhi bhi kuch challenges hain. Stock saal mein lagbhag 36.63% neeche hai aur long-term moving averages ke neeche trade kar raha hai. Margins bhi YoY 133 basis points kam hue hain. Banking aur Travel jaise sectors agar recover nahi hue toh risk ban sakta hai. Lekin valuation attractive hai. P/E ratio 20.5 hai, jo sector average 38.32 se kaafi kam hai. IT market tough hai, TCS aur Infosys jaise bade players hain. Indian IT sector FY2026 mein moderate growth (4-6% USD mein) dega, global uncertainty ke karan.
Analysts bhi bullish hain. Motilal Oswal Securities ne 'Buy' rating rakhi hai aur target ₹570 diya hai, matlab 24% tak ka upside. 16 mein se 11 analysts 'Buy' keh rahe hain, 3 'Hold' aur 2 'Sell'. Average target ₹555 se ₹636 tak hai. Company ka 7.6% revenue growth ka guidance AI deals aur contracts ke support se aayega. Ab dekhna hai ki Hexaware apne AI capabilities se kaise growth achieve karta hai.