HEXAWARE TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 26.4%

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HEXAWARE TECHNOLOGIES Announces Quarterly Results (4QFY20); Net Profit Up 26.4%
Thu, 30 Apr

HEXAWARE TECHNOLOGIES has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

HEXAWARE TECHNOLOGIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m12,55815,28815,8523.7%26.2%
Other incomeRs m4185-30.4%-86.6%
TurnoverRs m12,59815,29615,8573.7%25.9%
ExpensesRs m10,75412,88513,0821.5%21.6%
Gross profitRs m1,8042,4052,77015.2%53.5%
DepreciationRs m14835651845.6%249.2%
InterestRs m030112270.8%159757.1%
Profit before taxRs m1,6972,0272,1465.9%26.5%
TaxRs m31235139713.2%27.1%
Profit after taxRs m1,3841,6761,7494.4%26.4%
Gross profit margin%14.415.717.5
Effective tax rate%18.417.318.5
Net profit margin%11.011.011.0
* 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 26.2% on a year-on-year (YoY) basis. The expenses were up by 21.6% YoY during the same period.
  • The company's operating profit increased by 53.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 4QFY20 as against 14.4% in 4QFY19.
  • Depreciation charges increased by 249.2% and finance costs increased by 159757.1% YoY, respectively.
  • Other income declined by 86.6% YoY during the quarter.
  • Net profit for the quarter increased by 26.4% YoY. Net profit margins during the quarter increased from 11.0% in 4QFY19 to 11.0% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.5% QoQ during the same period.
  • The company's operating profit increased by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 4QFY20 as against 15.7% in 3QFY19.
  • Net profit for the quarter increased by 4.4% QoQ, while net profit margins increased from 11.0% in 3QFY19 to 11.0% in 4QFY20.

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

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HEXAWARE TECHNOLOGIES Share Price Performance

Over the last one year,HEXAWARE TECHNOLOGIES share price has moved down from Rs 348.4 to Rs 285.7, registering a Loss of Rs 62.7 or around 18.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,997.7 (up 3.9%). Over the last one year it has moved down from 16,263.5 to 13,997.7, a loss of 2,266 points (down 13.9%).

Overall, the S&P BSE SENSEX is down 13.9% over the year.

Current Valuations

At the current price of Rs 285.7, the price to earnings (P/E) ratio of HEXAWARE TECHNOLOGIES stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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