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This initiative is designed to lay the foundation for long-term advancements in AI expertise and workforce transformation.
The two parties previously teamed up to strengthen AI capabilities across Hexaware's workforce, including enterprise-wide GenAI upskilling and the launch of the Agentic AI Academy–this new initiative builds directly on that foundation. Under the new arrangement, upGrad will become Hexaware's preferred partner for enterprise AI capability development, with both the companies working together on go-to-market initiatives, and client engagement—transitioning the relationship from a vendor-buyer arrangement focused on internal skilling toward a broader global go-to-market alliance.
Revenue increased 17.9% year-on-year to Rs 3,845.2 crore in Q2 CY26 from Rs 3,260.7 crore in Q2 CY25. On a sequential basis, revenue rose 6.4% from Rs 3,613.0 crore in Q1 CY26. In constant currency terms, revenue grew 6.3% YoY and 4.4% QoQ.
Profit before tax stood at Rs 440.7 crore in Q2 CY26, down 6.8% QoQ and 5.9% YoY.
Reported EBITDA declined 1.6% YoY to Rs 555.2 crore in Q2 CY26 from Rs 564.4 crore in Q2 CY25. On a sequential basis, EBITDA fell 6.3% from Rs 592.5 crore in Q1 CY26. EBITDA margin contracted to 14.4% from 17.3% in the year-ago quarter and 16.4% in the previous quarter.
Employee benefits expense increased 18.8% YoY to Rs 2,266.4 crore, while other expenses rose 2.6% YoY to Rs 973.5 crore. Finance costs increased 56.9% YoY to Rs 32.8 crore, while depreciation and amortisation expense rose 8.6% YoY to Rs 81.7 crore.
The company reported a tax expense of Rs 110.5 crore in Q2 CY26, up 24.7% YoY from Rs 88.6 crore in Q2 CY25.
Net cash generated from operating activities stood at Rs 392.8 crore in H1 CY26, down 13.9% from Rs 456.5 crore in H1 CY25. The company reported an LTM operating cash flow-to-reported profit ratio of 124.7% and cash and cash equivalents of $176 million as of 30 June 2026.
During the quarter, the company added one client in the $20 million-plus category, taking the total to 16. Closing headcount increased by 708 employees sequentially to 34,506, while voluntary IT attrition stood at 11.2% and IT utilisation was 84.8%.
Across verticals, healthcare and insurance revenue grew 18.9% YoY, manufacturing and consumer 17.9%, banking 10.8%, financial services 1.4% and technology, products and platforms 4.5%, while professional services declined 3.4% and travel and transportation fell 14.5%. Geographically, Asia Pacific grew 24.8% YoY, Europe 10.9% and the Americas 3.5%.
CEO R. Srikrishna said the company delivered strong growth in a challenging quarter for the industry while continuing to expand its AI offerings. CFO Vikash Jain said the company achieved industry-leading revenue growth, margin expansion and solid cash conversion despite the successful ERP go-live during the quarter.
Hexaware Technologies is a global digital and technology services company.
Hexaware Technologies Ltd, Allied Blenders & Distillers Ltd, Usha Martin Ltd, Capri Global Capital Ltd are among the other stocks to see a surge in volumes on BSE today, 28 July 2026.
Indegene Ltd witnessed volume of 2.39 lakh shares by 10:46 IST on BSE, a 22.66 times surge over two-week average daily volume of 10546 shares. The stock increased 0.64% to Rs.511.40. Volumes stood at 14077 shares in the last session.
Hexaware Technologies Ltd witnessed volume of 4.18 lakh shares by 10:46 IST on BSE, a 22.26 times surge over two-week average daily volume of 18763 shares. The stock increased 6.81% to Rs.599.00. Volumes stood at 16613 shares in the last session.
Allied Blenders & Distillers Ltd registered volume of 2.67 lakh shares by 10:46 IST on BSE, a 12.22 fold spurt over two-week average daily volume of 21818 shares. The stock slipped 1.38% to Rs.615.95. Volumes stood at 19360 shares in the last session.
Usha Martin Ltd registered volume of 1.46 lakh shares by 10:46 IST on BSE, a 8.65 fold spurt over two-week average daily volume of 16851 shares. The stock rose 0.96% to Rs.506.70. Volumes stood at 14179 shares in the last session.
Capri Global Capital Ltd saw volume of 6.81 lakh shares by 10:46 IST on BSE, a 8.63 fold spurt over two-week average daily volume of 78890 shares. The stock dropped 0.86% to Rs.242.75. Volumes stood at 65766 shares in the last session.
Affle 3i Ltd, Usha Martin Ltd, Varun Beverages Ltd, Capri Global Capital Ltd are among the other stocks to see a surge in volumes on NSE today, 28 July 2026.
Hexaware Technologies Ltd registered volume of 88.68 lakh shares by 14:14 IST on NSE, a 34.32 fold spurt over two-week average daily volume of 2.58 lakh shares. The stock rose 4.34% to Rs.587.40. Volumes stood at 2.7 lakh shares in the last session.
Affle 3i Ltd recorded volume of 36.32 lakh shares by 14:14 IST on NSE, a 20.8 times surge over two-week average daily volume of 1.75 lakh shares. The stock gained 9.59% to Rs.1,636.00. Volumes stood at 1.59 lakh shares in the last session.
Usha Martin Ltd notched up volume of 34.54 lakh shares by 14:14 IST on NSE, a 12.46 fold spurt over two-week average daily volume of 2.77 lakh shares. The stock rose 1.87% to Rs.511.50. Volumes stood at 3.09 lakh shares in the last session.
Varun Beverages Ltd registered volume of 356.48 lakh shares by 14:14 IST on NSE, a 7.59 fold spurt over two-week average daily volume of 47.00 lakh shares. The stock slipped 7.10% to Rs.431.50. Volumes stood at 54.08 lakh shares in the last session.
Capri Global Capital Ltd notched up volume of 152.07 lakh shares by 14:14 IST on NSE, a 7.29 fold spurt over two-week average daily volume of 20.85 lakh shares. The stock slipped 4.91% to Rs.232.27. Volumes stood at 20.52 lakh shares in the last session.
In his expanded role, Gopan will continue to lead the company's Technology, Products & Platforms business while also driving Hexaware's global strategy and partnerships with leading hyperscalers and strategic technology providers.
He holds degrees in electronics engineering and business management and is based in the San Francisco Bay Area. He currently oversees the company's technology, products and platforms business, with a focus on accelerating growth across Software-as-a-Service (SaaS), hyperscalers, artificial intelligence (AI), high-tech products, gaming and digital platforms to deliver enhanced business outcomes for clients.
Prior to joining Hexaware, Gopan served as chief revenue officer at a Google Ventures-backed SaaS platform, where he led a successful business transformation and acquisition. He was also the first chief commercial officer at an Accel-backed enterprise AI startup.
Earlier in his career, Gopan spent several years at Wipro Technologies, where he built new businesses across multiple industries and served as Global Business Head for Platforms and Software Products.
Hexaware is a global technology and business process services company. On a consolidated basis, the company's net profit rose 7.46% to Rs 351.60 crore on 12.63% increase in net sales to Rs 3,613 crore in Q1 March 2026 over Q1 March 2025.
The scrip jumped 1.57% to end at Rs 570.15 on the Friday, 17 July 2026..
Srinivasan will lead the development, integration, and scaling of Hexaware's platform portfolio, which includes Amaze® for cloud modernization, RapidX® for AI-accelerated software engineering, Tensai® for agentic IT operations, and Agentverse™ for enterprise AI agents. He will also deepen the company's work with its AI ecosystem partners across the AI-native software development lifecycle. Additionally, he will oversee the roadmap, governance, and enterprise-scale adoption of Hexaware's unified platform portfolio.
Bharti Hexacom Ltd, Samvardhana Motherson International Ltd, Bosch Ltd, Lodha Developers Ltd are among the other stocks to see a surge in volumes on BSE today, 07 July 2026.
Hexaware Technologies Ltd recorded volume of 33.96 lakh shares by 10:46 IST on BSE, a 27.34 times surge over two-week average daily volume of 1.24 lakh shares. The stock lost 3.52% to Rs.516.55. Volumes stood at 18409 shares in the last session.
Bharti Hexacom Ltd registered volume of 3.02 lakh shares by 10:46 IST on BSE, a 22.53 fold spurt over two-week average daily volume of 13417 shares. The stock rose 0.50% to Rs.1,474.65. Volumes stood at 7691 shares in the last session.
Samvardhana Motherson International Ltd witnessed volume of 343.22 lakh shares by 10:46 IST on BSE, a 21.8 times surge over two-week average daily volume of 15.75 lakh shares. The stock dropped 2.27% to Rs.141.95. Volumes stood at 28.17 lakh shares in the last session.
Bosch Ltd clocked volume of 14944 shares by 10:46 IST on BSE, a 7.54 times surge over two-week average daily volume of 1981 shares. The stock lost 0.71% to Rs.41,838.85. Volumes stood at 1248 shares in the last session.
Lodha Developers Ltd saw volume of 11.07 lakh shares by 10:46 IST on BSE, a 3.74 fold spurt over two-week average daily volume of 2.96 lakh shares. The stock dropped 0.58% to Rs.1,089.40. Volumes stood at 4.62 lakh shares in the last session.
Premier Explosives Ltd, Hexaware Technologies Ltd, AvenuesAI Ltd and Thangamayil Jewellery Ltd are among the other gainers in the BSE's 'A' group today, 29 June 2026.
Zydus Wellness Ltd surged 7.53% to Rs 555 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.66 lakh shares were traded on the counter so far as against the average daily volumes of 33017 shares in the past one month.
Premier Explosives Ltd spiked 6.96% to Rs 791. The stock was the second biggest gainer in 'A' group. On the BSE, 45038 shares were traded on the counter so far as against the average daily volumes of 64338 shares in the past one month.
Hexaware Technologies Ltd soared 6.82% to Rs 528.3. The stock was the third biggest gainer in 'A' group. On the BSE, 3.16 lakh shares were traded on the counter so far as against the average daily volumes of 2.66 lakh shares in the past one month.
AvenuesAI Ltd advanced 5.73% to Rs 16.98. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10.48 lakh shares were traded on the counter so far as against the average daily volumes of 10.57 lakh shares in the past one month.
Thangamayil Jewellery Ltd rose 5.17% to Rs 5889.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18760 shares were traded on the counter so far as against the average daily volumes of 11823 shares in the past one month.