Hexaware Technologies Ltd. | CMP Rs. 302 | M Cap Rs. 9000 Cr | 52 W H/L 456/202
(Nirmal Bang Retail Research)
Result inline with expectation
Net new Wins TCV ( $ Mn) came at $ 69 Mn vs, QoQ $ 30 Mn, YoY $ 36 Mn
CC QoQ came at -1.1% vs, QoQ 1.3%, YoY 2%
Dollar revenue came at $ 210.6 Mn vs expectation of $ 212 Mn, QoQ $ 214 Mn, YoY $ 180 Mn
Net sales came at Rs. 1541.8 Cr (0.8% QoQ, 22% YoY) vs expectation of Rs. 1553.6 Cr, QoQ Rs. 1528.8 Cr, YoY Rs. 1264 Cr
EBIT came at Rs. 181.8 Cr (-11% QoQ, 4.6% YoY) vs expectation of Rs. 199.5 Cr, QoQ Rs. 204.4 Cr, YoY Rs. 173.8 Cr
EBIT Margin came at 11.8% vs expectation of 12.8%, QoQ 13.4%, YoY 13.8%
Adj. PAT came at Rs. 174.9 Cr vs expectation of Rs. 161.3 Cr, QoQ Rs. 167.9 Cr, YoY Rs. 138.5 Cr
Quarter EPS is Rs. 5.9
Stock is trading at P/E of 12.3x CY20E EPS