27 May 2019 | 12:21 AM

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COMPANYNEWS
Hexaware Technologie Q1 net profit up 25.98% at Rs 118.61 cr
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Published on 04-24-2019
The company reported standalone net profit of Rs 118.61 crore for the quarter ended March 31 2019 as compared to Rs 94.15 crore in the same period last year registering a year-on-year growth of 25.98 per cent.


Net revenue of the company rose substantially by 30.56 per cent at Rs 511.48 crore in January-March quarter of this fiscal as against Rs 391.76 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 23.53 per cent to Rs 357.05 crore from Rs 289.05 crore in year ago period.


Other Income dipped by 110.80 per cent at Rs -2.70 crore versus (Mar`18 Rs 24.99 crore).


Operating Profit surged by 50.34 per cent to Rs 154.43 crore as against Rs 102.72 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 15.14 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation decreased by 5.22 per cent at Rs 20.53 crore (Mar`18 Rs 21.66 crore).