HEXAWARE TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 35.8%

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HEXAWARE TECHNOLOGIES Announces Quarterly Results (3QFY20); Net Profit Up 35.8%
Wed, 12 Feb

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

HEXAWARE TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m12,27614,81315,2883.2%24.5%
Other incomeRs m306827.1%-73.9%
TurnoverRs m12,30614,82015,2963.2%24.3%
ExpensesRs m10,60812,23812,8855.3%21.5%
Gross profitRs m1,6692,5752,405-6.6%44.1%
DepreciationRs m1583243569.6%124.7%
InterestRs m03430-10.9%12475.0%
Profit before taxRs m1,5402,2232,027-8.8%31.6%
TaxRs m306387351-9.3%14.7%
Profit after taxRs m1,2341,8361,676-8.7%35.8%
Gross profit margin%13.617.415.7
Effective tax rate%19.917.417.3
Net profit margin%10.012.411.0
* 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 24.5% on a year-on-year (YoY) basis. The expenses were up by 21.5% YoY during the same period.
  • The company's operating profit increased by 44.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 3QFY20 as against 13.6% in 3QFY19.
  • Depreciation charges increased by 124.7% and finance costs increased by 12475.0% YoY, respectively.
  • Other income declined by 73.9% YoY during the quarter.
  • Net profit for the quarter increased by 35.8% YoY. Net profit margins during the quarter increased from 10.0% in 3QFY19 to 11.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit declined by 6.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 3QFY20 as against 17.4% in 2QFY19.
  • Net profit for the quarter declined by 8.7% QoQ, while net profit margins declined from 12.4% in 2QFY19 to 11.0% in 3QFY20.

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

Last 2 Days: Discover India's #1 defence stock now

HEXAWARE TECHNOLOGIES Share Price Performance

Over the last one year,HEXAWARE TECHNOLOGIES share price has moved up from Rs 358.4 to Rs 373.5, registering a Gain of Rs 15.2 or around 4.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,225.1 (up 0.7%). Over the last one year it has moved up from 15,508.7 to 16,225.1, a gain of 716 points (up 4.6%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 373.5, the price to earnings (P/E) ratio of HEXAWARE TECHNOLOGIES stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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