Hexaware Technologies Ltd. witnessed a notable uptick in its share price, rising as much as 4% on Tuesday, April 29, 2025, following the announcement of its first-quarter financial results. The company's performance in Q1 2025 has set a positive tone for the year, with management expressing confidence in accelerated growth in the latter half of the calendar year.​

Financial Performance Overview:

In Q1 2025, Hexaware reported a 1.7% increase in revenue in rupee terms, despite a slight 0.2% decline in constant currency revenue on a sequential basis. The company's EBITDA margins improved to 16.5%, up from 15.5% in the December quarter, attributed to operational efficiencies, although partially offset by currency headwinds.​

Sector-wise Performance and Outlook:

The Banking and Financial Services (BFS) sector is expected to be the primary driver of growth for Hexaware in the upcoming quarters. Other sectors like Hi-Tech, Healthcare, and Insurance are projected to grow at the company's average rate. However, Manufacturing and Consumer sectors are experiencing weakness due to macroeconomic uncertainties. The Travel and Transportation sector, despite facing challenges, is anticipated to grow at an average pace.​

Strategic Growth Plans:

Hexaware's management has reiterated its medium-term revenue aspiration of $3 billion by 2029. The company plans to leverage near-term margin levers for growth, which are expected to persist into the medium term. The focus remains on enhancing operational efficiencies and capitalizing on growth opportunities in key sectors.​

Market Response:

Following the Q1 results, Hexaware's shares traded 3.4% higher at ₹721.55 on Tuesday. The stock has remained relatively flat over the past month, but the positive outlook for the second half of 2025 has instilled renewed investor confidence.​

Conclusion:

Hexaware Technologies' Q1 2025 performance demonstrates resilience amid challenging market conditions. With strategic focus on high-growth sectors and operational efficiency, the company is well-positioned to achieve its ambitious revenue targets and deliver sustained value to its stakeholders.

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