Hexaware Announces Q3CY26 Results, Appoints New Directors, and Approves Restructuring
Hexaware Technologies reported Q3CY26 revenue of USD 411.9 million, up 4.3% YoY, with an Adjusted EBIT margin of 13.8%. The company appointed Mr. Arjun Shah and Mr. Gregory Michael Zeluck as new directors and approved several corporate restructuring activities, including a slump sale and mergers. Mr. Vivek Jetley assumed the CEO role, and Mr. R Srikrishna ceased his tenure. The company also approved the allotment of 13,00,000 equity shares.
The announcement includes financial results, significant board and leadership changes, and major corporate restructuring activities, all of which have a substantial impact on the company's operations, governance, and future strategy.
The company reported revenue growth and an improved EBIT margin. The appointment of new directors and approval of corporate restructuring initiatives indicate strategic progress. Leadership changes, while significant, are presented as part of a planned transition.
Hexaware Technologies Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026. The company reported Q3CY26 revenue of USD 411.9 million (INR 39,331 million), an increase of 4.3% year-on-year. Adjusted EBIT margin stood at 13.8%, with a 17 basis points increase quarter-on-quarter.
The Board of Directors approved the appointment of Mr. Arjun Shah and Mr. Gregory Michael Zeluck as Additional Directors in the capacity of Non-Executive Non-Independent Directors, effective October 29, 2026, subject to shareholder approval. Concurrently, Mr. Neeraj Bharadwaj and Mr. Julius Genachowski resigned as Non-Executive Non-Independent Directors, effective October 28, 2026.
Further, the company approved the slump sale of Tech SMC Square India Private Limited and the merger of its step-down wholly owned subsidiaries, Identity and Access Solutions Canada Inc. and IT Glitterz LLC, into other wholly owned subsidiaries as part of entity rationalization. An initial investment of up to USD 1 million for the incorporation of a wholly owned subsidiary in Mauritius was also approved, alongside the voluntary liquidation of Mobiquity BV in the Netherlands.
In leadership changes, Mr. Vivek Jetley officially took over as CEO on October 28, 2026, while Mr. R Srikrishna ceased to be CEO & Executive Director on the same date. Mr. Girish Pai, Executive Vice President and Global Head - Data, resigned from his senior management position, effective November 13, 2026.
The Board also approved the allotment of 13,00,000 equity shares at an issue price of ₹382.5 per share to the Hexaware Employees Benefit Trust. The company will also host its Q3 financial earnings conference call on October 29, 2026, at 8:00 AM IST.
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