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

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HEXAWARE TECHNOLOGIES Announces Quarterly Results (4QFY19); Net Profit Up 3.1%
Thu, 25 Apr

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

HEXAWARE TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,68512,27612,5582.3%17.5%
Other incomeRs m9304135.7%369.4%
TurnoverRs m10,69312,30612,5982.4%17.8%
ExpensesRs m8,86410,60810,7541.4%21.3%
Gross profitRs m1,8201,6691,8048.1%-0.9%
DepreciationRs m151158148-6.3%-2.0%
InterestRs m000-70.8%250.0%
Profit before taxRs m1,6781,5401,69710.2%1.1%
TaxRs m3363063122.1%-6.9%
Profit after taxRs m1,3421,2341,38412.1%3.1%
Gross profit margin%17.013.614.4
Effective tax rate%20.019.918.4
Net profit margin%12.610.011.0
* 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 17.5% on a year-on-year (YoY) basis. The expenses were up by 21.3% YoY during the same period.
  • The company's operating profit declined by 0.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY19 as against 17.0% in 4QFY18.
  • Depreciation charges declined by 2.0% and finance costs increased by 250.0% YoY, respectively.
  • Other income increased by 369.4% YoY during the quarter.
  • Net profit for the quarter increased by 3.1% YoY. Net profit margins during the quarter declined from 12.6% in 4QFY18 to 11.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.4% QoQ during the same period.
  • The company's operating profit increased by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 4QFY19 as against 13.6% in 3QFY18.
  • Net profit for the quarter increased by 12.1% QoQ, while net profit margins increased from 10.0% in 3QFY18 to 11.0% in 4QFY19.

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 up from Rs 430.1 to Rs 342.5, registering a Loss of Rs 87.6 or around 20.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,854.2 (down 0.4%). Over the last one year it has moved up from 13,360.8 to 15,854.2, a gain of 2,493 points (up 18.7%).

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 342.5, 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 4.3 times.

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