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Hexaware Technologies Ltd fell 3.3% today to trade at Rs 527. The BSE Information Technology index is down 0.7% to quote at 29525.76. The index is down 2.06 % over last one month. Among the other constituents of the index, Persistent Systems Ltd decreased 2.72% and VL E-Governance & IT Solutions Ltd lost 1.99% on the day. The BSE Information Technology index went down 15.11 % over last one year compared to the 4.77% fall in benchmark SENSEX.
Hexaware Technologies Ltd has lost 5.09% over last one month compared to 2.06% fall in BSE Information Technology index and 2.17% drop in the SENSEX. On the BSE, 8431 shares were traded in the counter so far compared with average daily volumes of 1.58 lakh shares in the past one month. The stock hit a record high of Rs 808.4 on 04 Dec 2025. The stock hit a 52-week low of Rs 400.35 on 12 Mar 2026.
Hexaware Technologies announced the appointment of Vivek Jetley as CEO Designate. Vivek will join Hexaware and assume the role of CEO on 28 October 2026. The appointment comes at an important moment for Hexaware as the company enters its next phase of accelerated growth with AI reshaping enterprise technology services globally and creating new sources of client demand.
Srikrishna Ramakarthikeyan (Keech) will step down as CEO and as a member of the Board of Directors effective October 28, 2026. He has led Hexaware for 12 years and will remain with the Company as Senior Advisor to ensure a smooth leadership transition.
Vivek is a seasoned business leader with more than 25 years of experience at the intersection of AI and data, enterprise transformation and strategy. He has a proven track record of scaling global businesses, leading large P&Ls and creating new growth engines during periods of technology disruption from data and cloud to GenAI. He brings deep experience in management consulting, analytics and data and AI-led transformation, delivering measurable business outcomes for large global and Fortune 500 enterprise clients. He joins Hexaware from EXL, where he currently serves as President and leads their Insurance, Healthcare and Life Sciences businesses. Prior to this role, he was the President and head of EXL analytics, building and leading industry-leading advanced analytics, AI services and enterprise data management capabilities for clients across verticals. Vivek joined EXL in 2006 through the acquisition of Inductis, a specialized analytics consulting firm where he was a partner. During two decades at EXL, Vivek held various leadership roles with responsibility for corporate strategy, strategic partnerships, innovation and has led several acquisitions.
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.