HEXAWARE TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 1.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HEXAWARE TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 1.5%
Tue, 13 Aug

HEXAWARE TECHNOLOGIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HEXAWARE TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m11,36712,55813,0834.2%15.1%
Other incomeRs m374135-15.0%-7.2%
TurnoverRs m11,40512,59813,1184.1%15.0%
ExpensesRs m9,30510,75410,8911.3%17.1%
Gross profitRs m2,0641,8042,02312.1%-2.0%
DepreciationRs m18214820538.6%13.0%
InterestRs m001014042.9%10900.0%
Profit before taxRs m1,9201,6971,8428.6%-4.1%
TaxRs m3843123295.4%-14.3%
Profit after taxRs m1,5361,3841,5139.3%-1.5%
Gross profit margin%18.214.415.5
Effective tax rate%20.018.417.9
Net profit margin%13.511.011.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.1% on a year-on-year (YoY) basis. The expenses were up by 17.1% YoY during the same period.
  • The company's operating profit declined by 2.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 1QFY20 as against 18.2% in 1QFY19.
  • Depreciation charges increased by 13.0% and finance costs increased by 10900.0% YoY, respectively.
  • Other income declined by 7.2% YoY during the quarter.
  • Net profit for the quarter declined by 1.5% YoY. Net profit margins during the quarter declined from 13.5% in 1QFY19 to 11.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.3% QoQ during the same period.
  • The company's operating profit increased by 12.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.5% in 1QFY20 as against 14.4% in 4QFY19.
  • Net profit for the quarter increased by 9.3% QoQ, while net profit margins increased from 11.0% in 4QFY19 to 11.5% in 1QFY20.

To see how HEXAWARE TECHNOLOGIES has performed over the last eight quarters,please visit here.

HEXAWARE TECHNOLOGIES Share Price Performance

Over the last one year,HEXAWARE TECHNOLOGIES share price has moved down from Rs 483.4 to Rs 371.3, registering a Loss of Rs 112.2 or around 23.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,705.5 (down 1.3%). Over the last one year it has moved up from 14,865.8 to 15,705.5, a gain of 840 points (up 5.6%).

Overall, the S&P BSE SENSEX is down 1.2% over the year.

Current Valuations

At the current price of Rs 371.3, the price to earnings (P/E) ratio of HEXAWARE TECHNOLOGIES stands at 19.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

Equitymaster requests your view! Post a comment on "HEXAWARE TECHNOLOGIES Announces Quarterly Results (1QFY20); Net Profit Down 1.5%". Click here!

  

Related Views on News

HEXAWARE TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 3.1% (Quarterly Result Update)

Apr 25, 2019 | Updated on Apr 25, 2019

For the quarter ended March 2019, HEXAWARE TECHNOLOGIES has posted a net profit of Rs 1 bn (up 3.1% YoY). Sales on the other hand came in at Rs 13 bn (up 17.5% YoY). Read on for a complete analysis of HEXAWARE TECHNOLOGIES's quarterly results.

HEXAWARE TECHNOLOGIES 2017-18 Annual Report Analysis (Annual Result Update)

Apr 2, 2019 | Updated on Apr 2, 2019

Here's an analysis of the annual report of HEXAWARE TECHNOLOGIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of HEXAWARE TECHNOLOGIES. Also includes updates on the valuation of HEXAWARE TECHNOLOGIES.

HEXAWARE TECHNOLOGIES 2016-17 Annual Report Analysis (Annual Result Update)

Mar 18, 2019 | Updated on Mar 18, 2019

Here's an analysis of the annual report of HEXAWARE TECHNOLOGIES for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of HEXAWARE TECHNOLOGIES. Also includes updates on the valuation of HEXAWARE TECHNOLOGIES.

HEXAWARE TECHNOLOGIES Announces Quarterly Results (3QFY19); Net Profit Up 2.0% (Quarterly Result Update)

Jan 31, 2019 | Updated on Jan 31, 2019

For the quarter ended December 2018, HEXAWARE TECHNOLOGIES has posted a net profit of Rs 1 bn (up 2.0% YoY). Sales on the other hand came in at Rs 12 bn (up 22.2% YoY). Read on for a complete analysis of HEXAWARE TECHNOLOGIES's quarterly results.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

More Views on News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Insider Buying Alert: Promoters Increase Stake in 8 High-Quality Smallcaps(Profit Hunter)

Sep 3, 2019

Insiders have increased their stakes in eight Hidden Treasure recommendations. Should you follow them?

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

HEXAWARE TECHNOLOGIES SHARE PRICE


Sep 16, 2019 11:43 AM

TRACK HEXAWARE TECHNOLOGIES

  • Track your investment in HEXAWARE TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON HEXAWARE TECHNOLOGIES

HEXAWARE TECHNOLOGIES - IBM COMPARISON

COMPARE HEXAWARE TECHNOLOGIES WITH

MARKET STATS