Hexaware Q3CY26 Revenue at $411.9 Mn (+4.3% YoY), Appoints Two Directors
Hexaware Technologies reported Q3CY26 revenue of USD 411.9 Mn (+4.3% YoY) and INR 39,331 Mn (+12.9% YoY). The company approved its Q3 financial results and appointed Mr. Arjun Shah and Mr. Gregory Michael Zeluck as Non-Executive Non-Independent Directors, effective October 29, 2026. Resignations of two directors and a senior management personnel were noted. The company also approved a slump sale, two mergers, and the incorporation of a Mauritius subsidiary.
The announcement includes financial results, significant board appointments and resignations, and several corporate restructuring initiatives, all of which can have a material impact on the company's future operations and financial performance.
The company reported positive year-over-year revenue growth and an increase in adjusted EBIT margin. The appointment of new directors and approval of corporate restructuring activities suggest strategic progress.
Hexaware Technologies Limited announced its financial results for the third quarter of calendar year 2026, ending September 30, 2026. The company reported revenue of USD 411.9 million, a 4.3% increase year-over-year, and 1.6% sequentially. In INR terms, revenue was ₹39,331 million, up 12.9% year-over-year.
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended September 30, 2026. The adjusted EBIT margin for Q3CY26 stood at 13.8%, an increase of 17 basis points quarter-over-quarter. Basic EPS was ₹7.06, a 15.9% year-over-year increase.
Key appointments were made to the Board of Directors. Mr. Arjun Shah and Mr. Gregory Michael Zeluck were appointed as Additional Directors in the capacity of Non-Executive Non-Independent Directors, effective October 29, 2026, subject to shareholder approval. The company also noted the resignations of Non-Executive Non-Independent Directors Mr. Neeraj Bharadwaj and Mr. Julius Genachowski, both effective October 28, 2026. Additionally, Mr. Girish Pai resigned as Executive Vice President and Global Head - Data, effective November 13, 2026.
In terms of corporate actions, the Board approved the slump sale of Tech SMC Square India Private Limited, a wholly owned subsidiary. They also approved the merger of Identity and Access Solutions Canada Inc. into Hexaware Technologies Canada Limited, and IT Glitterz LLC into Hexaware Technologies Inc., USA. Furthermore, the incorporation of a wholly owned subsidiary in Mauritius was approved with an initial investment of up to USD 1 million. The voluntary liquidation of Mobiquity BV, a step-down subsidiary in the Netherlands, was also approved.
The company also announced the appointment of Mr. Vivek Jetley as CEO, effective October 28, 2026, and the cessation of Mr. R Srikrishna as CEO & Executive Director on the same date. The Board also approved the allotment of 13,00,000 equity shares at ₹382.5 per share to the Hexaware Employees Benefit Trust.
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Hexaware Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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