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Hexaware Technologies has reported a 56 per cent rise in consolidated net profit for the fourth quarter ended December 31 largely on account of higher sales and non-operational income.
The mid-size IT company, which was acquired last year by Baring Private Equity Asia, recorded net profit of ₹103.2 crore against ₹66.2 crore in the same quarter a year ago. Revenue went up by 23.4 per cent to ₹620 crore (₹502.3 crore). Hexaware follows a January-December accounting calendar.
“Hexaware has achieved two new milestones this quarter. The company has for the first time crossed $100 million quarterly revenue and ₹100 crore quarterly profit after tax,” Atul Nishar, Chairman, said in a press statement. During the previous quarter, the company added 10 new clients across all its key focus areas. Other income went up by 14.2 per cent to ₹10.6 crore from ₹9.3 crore in the corresponding year-ago period.
The company’s board has recommended a final dividend of ₹1 per equity share.
The Hexaware scrip hit an intra-day high of ₹142.55, 4.56 per cent higher than Thursday’s closing price on the BSE today.
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