Company Financials
For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 1481.35 crore, up 13.22 % from last quarter sales of Rs 1308.34 crore and up 22.46% from last year same quarter sales of Rs 1209.62 crore. The company has reported net profit after tax of Rs 183.65 crore in the latest quarter.
Investment Rationale
Hexaware’s third quarter results were a miss on revenue front led by softness in a large BFSI client. PAT was in-line with estimates aided by forex gains, said Centrum. Hexaware has been facing challenges in select top accounts which has been weighing on revenue growth momentum, it said. Nevertheless, most midcap IT vendors are having a relatively softer performance in FY20, said Centrum. Valuations remain reasonable, it added.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price