Interim report
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HEXAWARE TECHNOLOGIES LIMITED Regd. Office: Bldg. No. 152, Millennium Business Park, Sector – III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai - 400 710 (INDIA) | Tel: +91 022 3326 8585 | Email: investori@hexaware.com CIN: L72900MH1992PLC069662 | URL: www.hexaware.com HEXT/SE/2025/78 Date: July 24, 2025 To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Symbol: HEXT Scrip Code:544362 Dear Sir/ Madam, Subject: Outcome of the Board Meeting held on Thursday, July 24, 2025. Ref: Our earlier intimation under reference no. HEXT/SE/2025/72 dated July 11, 2025. Please take note of the following outcome of the Meeting of the Board of Directors of the Company, held on July 24, 2025: a) The Board of Directors of the Company have approved the standalone and consolidated audited financial results for the quarter and half year ended June 30, 2025. A copy of the Audited Financial Results of the Company, along with a copy of the Auditors’ Report are enclosed as Annexure A. b) The Board of Directors have approved the change in Registered office address of the Company from “Building No.152, Millennium Business Park, Sector III, A Block T TC Industrial A rea, Mahape, Navi Mumbai -400710” to “8th floor, 13th Level, Q1, Loma Co-Developers1 Private Limited, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai – 400710” with effect from August 01, 2025. c) The Board of Directors have approved incorporation of wholly owned Subsidiary in Colombia, with an initial investment upto USD 2 Million, in one or more tranches. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be intimated in due course. d) Press Release on Audited Financial Results for the Quarter & Half Year ended June 30, 2025, is enclosed as Annexure B. e) Pursuant to SEBI circular No. SEBI/HO/CFD/CFD -PoD-2/CIR/P/2024/185 dated December 31, 2024, we are submitting herewith the Integrated Filing (Financial) for the quarter ended June 30, 2025
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HEXAWARE TECHNOLOGIES LIMITED Regd. Office: Bldg. No. 152, Millennium Business Park, Sector – III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai - 400 710 (INDIA) | Tel: +91 022 3326 8585 | Email: investori@hexaware.com CIN: L72900MH1992PLC069662 | URL: www.hexaware.com The meeting of the Board of Directors commenced at 06:40 p.m. IST and concluded at 7:44 p.m. IST. Kindly take this communication on record. Yours faithfully, For Hexaware Technologies Limited Gunjan Methi Company Secretary and Compliance Officer
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HEXAWARE TECHNOLOGIES LIMITED Regd. Office: Bldg. No. 152, Millennium Business Park, Sector – III, ‘A’ Block, TTC Industrial Area, Mahape, Navi Mumbai - 400 710 (INDIA) | Tel: +91 022 3326 8585 | Email: investori@hexaware.com CIN: L72900MH1992PLC069662 | URL: www.hexaware.com A. FINANCIAL RESULTS- ANNEXURE A B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC: Not Applicable C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES Sr No. Particulars Amount (in crores) 1 Loans / revolving facilities like cash credit from banks / financial institutions Nil A Total amount outstanding as on date Nil B Of the total amount outstanding, amount of default as on date Nil 2 Unlisted debt securities i.e. NCDs and NCRPS Nil A Total amount outstanding as on date Nil B Of the total amount outstanding, amount of default as on date Nil 3 Total financial indebtedness of the listed entity including short -term and longterm debt Nil D. FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS – FOR THE SIX MONTHS ENDED JUNE 30, 2025 -ANNEXURE C E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONG-WITH ANNUAL AUDITED FINANCIAL RESULTS: Not Applicable
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B SR & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91(22)62571010 lndeoendent Auditor's Reoort To the Board of Directors of Hexaware Technologies Limited Report on the audit of the Consolidated Financial Results Opinion We have audited the accompanying Statement of Consolidated Financial Results of Hexaware Technologies Limited ("Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended 30 June 2025 and for the period from 01 January 2025 to 30 June 2025, ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate interim audited financial statements/financial information of the subsidiaries, the Statement: a. includes the results of the entities mentioned in Annexure I to the Statement: b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and c. gives a true and fair view in conformity with the applicable accounting standards , and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 June 2025 and for the period from 01 January 2025 to 30 June 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor 's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder , and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of reports of the other auditors referred in the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results. Management's and Board of Directors' Responsibilities for the Consolidated Financial Results These quarterly consolidated financial results as well as the year to date consolidated financial results have been prepared on the basis of the consolidated interim financial statements. The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profiU loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the B SR & Co. (a partnership firm with Registration No. BA61223 ) converted into B SR & Co. LLP (a Limited Liability Partnership with LLP Registrat ion No. AAB-8181) with effect from October 14, 2013 3P Registered Office: 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center , Western Express Highway, Gorega on (East), Mumbai - 400063 Page 1 of 5
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B SR & Co. LLP Independent Auditor's Report (Continued) Hexaware Technologies Limited Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company , as aforesaid. In preparing the consolidated financial results, the respective Management and the Board of Directors of the companies included in the Group are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors of the companies included in the Group is responsible for overseeing the financial reporting process of each company. Auditor's Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors. Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial statements/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial Page 2 of 5
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B SR & Co. LLP Independent Auditor's Report (Continued) Hexaware Technologies Limited statements/financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors , such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in the "Other Matter" paragraph in this audit report. We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence , and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations , to the extent applicable. Other Matter The consolidated financial results include the audited financial results of Twenty two subsidiaries , whose interim financial statements/ financial information reflects total assets (before consolidation adjustments) of Rs. 24,518 million as at 30 June 2025, total revenue (before consolidation adjustments) of Rs. 10,322 million and Rs. 19,529 miilion, total net profit after tax (before consolidation adjustments) of Rs. 381 million and Rs. 837 million for the quarter ended 30 June 2025 and for the year-to-date period ended 30 June 2025 respectively , and net cash inflows (before consolidation adjustments) of Rs 518 million for the year to-date period ended 30 June 2025, as considered in the consolidated financial results, which have been audited by their respective independent auditors. The independent auditor's reports on interim financial statements/financial information of these entities have been furnished to us. Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities , is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above . Our opinion on the consolidated financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors. Mumbai 24 July 2025 For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 --- Jaclyn Desouza Partner Membership No.: 124629 UDIN:25124629BMOQIO4820 Page 3 of 5
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B SR & Co. LLP Independent Auditor's Report (Continued) Hexaware Technologies Limited Annexure I List of entities included in consolidated financial results. Sr. No Name of component Relationship 1 Hexaware Technologies Inc. Subsidiary 2 Hexaware Technologies, Mexico S. De. R.L. De. C.V. Subsidiary 3 Hexaware Technologies UK Ltd Subsidiary 4 Hexaware Technologies Asia Pacific Pte Limited Subsidiary 5 Hexaware Technologies GmbH Subsidiary 6 Hexaware Technologies Canada Limited Subsidiary 7 Hexaware Technologies Saudi LLC Subsidiary 8 Hexaware Technologies Hong Kong Limited Subsidiary 9 Hexaware Technologies Nordic AB Subsidiary 10 Hexaware Information Technologies (Shanghai) Company Limited Subsidiary 11 Mobiquity Inc Subsidiary 12 Mobiquity Velocity Solutions, Inc Subsidiary 13 Mobiquity Cooperatief U .A. Subsidiary 14 Mobiquity BV • Subsidiary 15 Mobiquity Consulting BV (formerly known as Morgan Clark BV) Subsidiary 16 Hexaware Technologies South Africa (Pty) Ltd Subsidiary 17 Hexaware Technologies ARG S.A.S. Subsidiary 18 Hexaware Technologies Belgium SRL Subsidiary 19 Hexaware Technologies SL (Private) Limited Subsidiary 20 Softcrylic LLC Subsidiary 21 Softcrylic Technologies Inc Subsidiary 22 Hexaware Nevada, Inc Subsidiary 23 Hexaware Information Technolgies SON. BHD. Subsidiary 24 Mobiquity Softech Private Limited Subsidiary 25 Softcrylic Technology Solutions India Private Limited Subsidiary 26 Hexaware Al Balagh Technologies LLC Subsidiary 27 Hexaware Novelty Technologies Ltd Subsidiary Page 4 of 5
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B SR & Co. LLP Sr. No Name of component 28 Hexaware Technologies Services Independent Auditor's Report (Continued) Hexaware Technologies Limited Relationship Subsidiary JP Page 5 of 5
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Hexaware Technologies Limited Registered Off ice: 152, M illennium Business Park, Sector Ill, 'A' Block. TTC Industrial Area, Mahap c, Navi Mumba i, Mah arashtra • 400 7 10, India CIN: L72900MHl992PL C069662 Tel: (+91) 22 3326 8585 E-mail: investori@hexaware.com Website: www.hexaware.com Audited Consolidated Interim Statement of Financial Results For the quarter ended June 30, 2025 March 31, 2025 June 30, 2024 INCOME Revenue from operations 32,607 32,079 29,355 Other income (Refer note 8) 1,600 44 296 TOTAL INCOME 34,207 32,123 29,651 EXPENSES Employee benef its expense (Refer note 9) 19,078 18,622 17.247 Finance costs 209 224 124 Depreciation and amortisation expense (Refer note 11) 752 735 687 Other expenses (Refer note 10) 9,485 8,179 7,797 TOTAL EXPENSES 29,524 27,760 25,855 PROFIT BEFORE TAX 4,683 4,363 3,796 Tax expens e Curr ent tax 794 1,233 98 1 Deferred tax charge / (credit) 92 (141) 69 Total tax expense 886 1,092 1,050 PROFIT FOR THE PERIOD / YEAR 3,797 3,271 2,746 OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassified subsequently to profit or loss Remeasurement of defi ned benefit plan (26) (39) (34) Income tax relating to items that will not be reclassified to pro fit or loss Items that w ill be reclassified subsequently to profit or loss Exchange diff erences on translating the finan cial statements of foreign operation s 543 61 (183) Net change in fair value of cash flow hedges (243) 399 149 Income tax relating to items that will be reclassified to profit or loss 49 (80) (30) TOTAL OTHER COMPREHENSIVE INCOME/LOSS 329 349 (95) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD / YEAR 4,126 3,620 2,651 Profit for the period/ye ar att ributable to: Shareholders of the Company 3,799 3,272 2,753 Non-controlling interests (2) (1) (7) 3,797 3,271 2,74 6 Other Comprehen sive Income/ (Losses) attributable to: Shareholders of the Company 329 349 (95) Non-co ntro lling interes ts 329 349 (95) Total compr ehensiv e incom e for th e period/year attributable to: Shareholders of the Company 4,128 3,62 1 2,658 Non-con trolling inte rests (2) (1) (7) 4,126 3,620 2,651 Paid-up Equity share capital - Equity shares of face value of Re. 1 each 608 608 607 Othe r equity (Including non-controlling interes ts) Earning s per share (INR) : Basic 6.25" 5.38' 4.54' Diluted 6.15' 5.29' 4_53• 'Not annualised Dividend per share (INR) : Interim dividend on equity shares 5.75 4.25 11. represen ts value less than IN R 0.5 million (INR millions, exceptshareandp er sharedata) For the six month s ended For the year ended June 30, 2025 June 30, 2024 December 31, 2024 64,686 56,843 119,744 1,644 40 1 749 66,330 57,244 120,493 37,700 33,362 69,649 433 227 660 1,487 1,287 2,788 17,664 14,994 31,793 57,284 49,870 104,890 9,046 7,374 15,603 2.027 1,93 5 3,734 (49) (97) 129 1,978 1,838 3,863 7,068 5,536 11,740 (65) (97) (92) 14 17 16 604 (176) 492 156 395 (365) (31) (80) 73 678 59 124 7,746 5,595 11,864 7,07 1 5,549 11,764 (3) (13) (24) 7,068 5,536 11,740 678 59 125 (1) 678 59 124 7,749 5,608 11,889 (3) (13) (25) 7,746 5,595 11,864 608 607 608 52,938 11.64' 9.14' 19.37 11.45' 9.13" 19.29 5.75 4.25 8.75
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Hexaware Technologies Limited Audited Consolidated Interim Segment information (INRmillions) For the quarter ended For the six months ended For the year ended June 30, 2025 M arch 31, 2025 June 30, 202 4• June 30, 2025 June 30, 2024 * December 31 , 2024 * Segment Revenue Travel and Transportation (T&T) 2,930 2,769 2,321 5,699 4,496 9,645 Financial Services (FS) 9,784 9,786 8,266 19,570 16,095 33,987 Banking 2,813 2,507 2,568 5,320 5,024 10,449 Healthcare & Insurance (H&I) 6,741 6,672 6,177 13,413 11,967 25,341 Hi-Tech and Professional Services (HTPS) 5,649 5,565 4,843 11,214 9,264 20,672 Manufactu ring and Consumer (M & C) 4,690 4,780 5,180 9,470 9,997 19,650 Revenue from Operations 32,607 32,079 29,355 64,686 56,843 119,744 Segment Profit Travel and Transportatio n (T&T) 1,267 1,263 909 2,530 1,786 3,864 Financial Services (FS) 3,238 3,255 2,586 6,493 5,061 10,578 Banking 1,107 1,030 979 2,137 1,890 3,919 Healthcare & Insurance (H&I) 2,663 2,614 2,463 5,277 4,472 9,476 Hi-Tech and Professional Services (HTPS) 2,317 2,264 1,837 4,581 3,503 8,060 Manufacturing and Consumer (M & C) 1,683 1,917 2,017 3,600 3,709 7,219 Segment Profit 12,275 12,343 10,791 24,618 20,421 43 ,11 6 Add : E~change rate differences (net) (137) (137) 149 (274) 83 190 Other income (Excluding exchange rate differenc es) 1,737 181 147 1,918 318 559 Less: Depreciation and amortisat ion (752) (735) (687) (1,487) (1,287) (2,788) Finance costs (209) (224) (124) (433) (227) (660) Unallocated corporate expenses (8,231) (7,065) (6,480) (15,296) (11,934) (24,814) Profit before tax 4,683 4,363 3,796 9,046 7,374 15,603 Less : Tax Expense (886) (1,092) (1,050) (1,978) (1,838) (3,863) Profit After Tax 3,79 7 3,271 2,746 7,068 5,536 11,740 The reportab le operat ing segments have been identified taking into account the services offered to customers globally operating in diffe rent industry segments based on management approach. The Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on analysis of various performa nce indicators. The Group's organization structure reflects the industry segmentation. Note: 'During the period ended June 30, 2024 and quarter ended March 31, 2025 , there has been interna l organization realignment , which has led to change in the calculation of Segment revenue & Segment Profit. Accordingly prev ious period numbers have been restated to confer the current reporting structure.
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ASSETS Non-current assets Property, plant and equipment Capital work -in-progress Right-of-use assets Goodwill Other intangible assets Financial assets Investments Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets Current assets Financial assets Trade receivables Billed Unbill ed Cash and cash equivalents Other bank balances Other financial assets Income tax assets (net) Other current assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity Equity share capital Other equity Equity attributable to shareholders of the Company Non-controlling interests Total equity Non-current liabilities Financial liabilitie s Lease liabilities Other financial liabilities Provisions Deferred tax liabilities (net) Total non-current liabilities Current liabilities Financial liabilities Lease liabilities Trade payables Other financial liabilities Other current liabilities Provisions Income tax liabilitie s (net) Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES "represents value less than INR 0.5 million Hexaware Technologies Limited Audited Consolidated Interim Balance sheet As at June 30, 2025 4,948 1,592 5,515 23,910 2,531 5 873 2,767 415 1,642 44,198 14,183 8,076 19,086 113 802 187 6,336 48,783 92,981 608 57,436 58,044 (25) 58 ,019 4,716 211 1,088 11 6,026 1,103 8,304 10,843 3,300 2,637 2,749 28,936 34,962 92,981 (INRmillions) As at December 31, 2024 4,762 1,308 5,596 23,871 3,366 4 761 2,682 464 1,620 44,434 12,914 6,841 19,766 106 605 191 5,088 45,511 89,945 608 52,961 53,569 (23) 53,546 4,703 2,223 752 7,678 1,039 9,140 10,062 3,887 2,416 2,177 28,721 36,399 89,945
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Hexaware Technologies Limited Audited Consolidated Interim Statement of Cash Flows Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortisation expense Employee stock option compensation cost Interest income Life time expected credit loss Net (gains)/losses on investments carried at fair value through profit or loss (Profit)/Loss on remeasurement/short closure of lease (Profit)/Loss on sale of property , plant and equipment (PPE) (net) Exchange rate difference (net) - unreal ised Impairment of customer contract associated with an earlier acquisition Write-back of earnout payable towards an earlier acquisition Finance costs Operating profit before working capital changes Adjustments for: Trade receivables and other assets Trade payables, other liabilities and provisions Cash generated from operating activities Direct taxes paid (net) Net cash generated from operating activities Cash flow from investing activities Purchase of PPE and intangible assets including capital work-in-progress and capital advances Proceeds from sale of property, plant and equipment Purchase of investments Proceeds from sale/redemption of investments Payment towards acquisition of business (net of cash acquired) Interest received Net cash used in investing activities Cash flow from financing activities Proceeds from issue of shares / share application money Payment toward s lease liabilities including interest on lease liabilities Proceeds from short term borrowing Repayment of short term borrowing Interest paid Dividend paid Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the period Exchange difference on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of the period " represents value less than INR 0.5 million (INR millions) For the six months ended June 30, 2025 June 30, 2024 9,046 7,374 1,487 1,287 253 135 (245) (175) 851 88 (56) (125) (15) (6) 265 (25) 394 (1,587) 433 227 10,820 8,786 (3,988) (4,023) (823) (262) 6,009 4,501 (1,444} (1,234} 4,565 3,267 (880} (644) 11 9 (7,302) (12,450) 7,356 15,081 (556) (8,184) 310 123 (1,061) (6,065) (798) (614) 2,085 (2,085) (120) (73) (3,494) (2,580) (4,412) (3,267) (908) (6,065) 19,766 17,734 228 (60) 19,086 11,609
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Select explanatory notes to the Audited Consolidated Interim Statement of Financial Results 1 The Audit ed Consolidated Interim Stateme nt of Financial Results for the quarter and six months ended June 30, 2025 have been prepare d in accordance wi th Ind AS 34 - Interim Financial Reporti ng prescribed under Section 133 of the Companies Act, 20 13 read wit h Companies (Indian Acco unti ng Standards) Rules as amended from ti me to time. The results have been prepared in terms of Regulation 33 of SEBI (Listing Ob ligations and Disclosure Requirements) Regulations 2015. 2 These results have been reviewed by the Audit Comm ittee and have been appr oved for issue by the Board of Directors at its meeting held on July 24. 2025 . The statu to ry auditors have expressed an unmod ifi ed audit opinion on these results. 3 The equity shares of the Company were re- listed on National Stock Exchange of India Limit ed ("NSE") and BSE Limited ("BSE") from February 19, 2025. 4 203 ,144 equity shares of face value of Re. 1 each were issued during t he six months ended June 30, 2025 and 53,144 equity shares of face value of Re. 1 each were issued during th e quarter ended June 30, 2025 on exercise of employee sto ck options in accordance w ith the company's employee stock option schemes. 5 Durin g the quarter ended June 30, 2025 the Company has issued to company's ESOP tru st, 1,085,000 equity shares of Re. 1 each at INR 382 .5 per share. The said shares are outstanding as at June 30, 2025 and have been excluded while calculating weig hted average shares fo r EPS. 6 On Apri l 04, 2025 , the Board of Directors of th e Company have declared an inte rim dividend of INR 5.75 per share in respect of the quarter ended March 31, 2025 and the same was paid on Apr il 23, 2025 . 7 Dur ing the quarte r ended June 30, 2025 , Hexaware Techno logies Services (Egypt) was incorporated wet May 11, 2025. 8 Other income include s: For the quarter ended June 30, 2025 March 31, 2025 Gain/ (loss) due to Exchange rate difference (137) (137) W rit e-back of earnout payable towa rds an earlier acquisition 1,587 Total 1,450 (137) ' Includes gain of INR 22 million transferred from FCTR to Prof it & Loss on account of liquidation of Hexaware Technologies LLC (Russia Subsidiary). 9 Employee ben efits expense includes : Employee stock option compensation cost Non-recurring Employee bene fit and severance cost s Enterprise Resource Planning (ERP) Transformation cost Total 10 Oth er expenses include s: Specific provisions for customers Specific provisions for onero us vendor contr acts Enterprise Resource Planning (ERP) Transfo rmati on cost Acquisition related costs IPO Related Costs Regulatory Fees paid Impairment of customer contract associate d w ith an earlier acquisition Total 11 Depreciation and amorti sation expens e include s: Amort isati on of intangible assets acquired in business combinatio n Tot al June 30, 2025 137 328 107 572 June 30, 2025 782 120 128 394 1,424 June 30, 2025 220 220 For th e quarter ended March 31, 2025 116 107 223 For the quarter ended March 31, 2025 87 87 For the quarter ended March 31, 2025 227 227 June 30, 2024 149 149 June 30, 2024 91 424 107 62 2 June 30, 2024 94 300 394 June 30, 2024 196 196 For the six month s ended June 30, 2025 June 30, 2024 • (274) 83 1,587 1,313 83 For the six months ended June 30, 2025 June 30, 2024 253 135 328 424 214 201 795 760 For the six months ended June 30, 2025 June 30, 2024 782 96 • 207 177 128 306 394 1,511 579 For th e six month s ended June 30, 2025 June 30, 2024 _____ 4_47_ 311 447 311 ----- - (INR mlllions) For the year ended Decemb er 31, 2024 " 190 190 {INRmillions) For the year ended December 31 , 2024 353 465 462 1,280 (INRmillions) For th e year ended December 31, 2024 96 384 334 9 • 170 993 (INR millions) For the year ended December 31, 2024 743 743 12 On 1uly 17, 2025 , the Company along with its who lly owne d subsidiary acquired 100% ownership interest of SMC Squared, LLC and its subsidiaries (together referred as "SMC"). The total consideration , all in cash, is estimated to be upto USO 120 million, compris ing of USO 45 million upfro nt payou t. uplo USO 45 milli on of earnouts and upto USO 30 milli on oulperfor mance earnout bonus, subject to certa in custo mary adjustments on cash, debt and taxes. By acquiring SMC, Hexaware gains establi shed GCC expertise , capability lo extend SMC's offe rings to our broader client base, inclu ding existi ng Hexaware customers, enhanced value proposition by integrati ng SMC's GCC setup capabilities w ith Hexaware 's strengths in Al, analyti cs, cloud transformation, modern ization, and ent erpri se plat forms. Thi s collaboration combines SMC's deep GCC experti se wi th Hexaware 's tech nology- led delivery model to offer world·class GCC operations and attra ct top-t ier tech talent. The Company is curren tly in the proce ss of fin alizing the accountin g for this tr ansaction and expect to complete our preliminary allocation of the purchase consideration to th e assets acquired and liabilities assumed wi thin one year from the dale of acauisition. 13 The results for the quarter and six months ended June 30, 2025, are available on the BSE Limited webs ite (URL: www. bseindia.com), the National Stock Exchange of India Limited we bsite (URL: www .nseindia.com) and on the Company's websi te (URL: www .hexaware .com/ investor-re lations). For and on behalf of the Board of Directors of HEXAWARE TECHNOLOGIES LIMITED CIN: L72900 MH 1992 PLC069662 R. Srikrishna DIN 03 160121 Place: M umbai Date: July 24, 2025
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B SR & Co. LLP Chartered Accountants 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 lndeoendent Auditor's Reoort To the Board of Directors of Hexaware Technologies Limited Report on the audit of the Standalone Financial Results Opinion We have audited the accompanying standalone quarterly financial results of Hexaware Technologies Limited ("the Company") for the quarter ended 30 June 2025 and the year-to-date results for the period from 01 January 2025 to 30 June 2025, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results: a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of the net profit, other comprehensive loss and other financial information for the quarter ended 30 June 2025 and net profit, other comprehensive income and other financial information for the year to date results for the period from 01 January 2025 to 30 June 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor 's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion. Management's and Board of Directors' Responsibilities for the Standalone Financial Results These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements. The Company's Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting ' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are B SR & Co. (a partnersh ip firm with Registratio n No. BA61223) converted into B SR & Co. LLP (a Limited Liabi lity Partnership with LLP Registration No. AAB-8181) wi th effect from October 14, 2013 Registered Office: 14th Floor , Central B Wing and North C Wing , Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3
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B SR & Co. LLP Independent Auditor's Report (Continued) Hexaware Technologies Limited free from material misstatement, whether due to fraud or error. In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable , matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations , or has no realistic alternative but to do so. The Board of Directors is responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement , whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance , but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate , they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company 's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors. Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate , to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding , among other matters , the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. '1P Page 2 of 3
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Hexaware Technologies Limited Regist«ed Office, 152. MILLENIUM BUSINESS PARK, SECTOR 3R TTC INDUSTRIAL AREA MAHAP E, NAVI MUMBA I MH 400710 INDIA CIN: L72900M H1992PLC069662 Tel: (+91) 22 3326 8585 E-mail: investori@hexJware.com Website: www.hexaware.com Audited Standalone Interim Statement of Financial Results For the quarter ended For the six month ended INCOME Revenue from operati ons Other income (Refer note 8) TOTAL INCOME EXPENSES Employee benefit s expense (Refer note 9) Finance costs Depreciation and amortisation expense (Refer note 11) Other expenses (Refer note 10) TOTAL EXPENSES PROFIT BEFORE TAX Tax expense Curren t tax Deferred tax charge / (credit) Total tax expense PROFIT FOR THE PERIOD/ YEAR OTHER COMPREHENSIVE INCOME (OCI) Items that will not be reclassifi ed subsequently to profit or loss Remeasurement of defi ned benefit plan Income tax relati ng to items that will not be reclassified to pro fit or loss Items that will be reclassified subsequentl y to profit or loss Net change in fair value of cash flow hedges Income tax relating to items that will be reclassified to profit or loss TOTAL OTHER COMPREHENSIVE INCOME/(LOSS) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR Paid-up Equity share capital • Equity shares of face value of Re. 1 each Other equity Earnings per share: (INR) Basic Diluted • Not Annualised Dividend per share: (INR) Inte rim dividend on equity shares June 30, 202S March 31, 2025 18,178 17,641 1,717 22 19,895 17,663 8,257 7,776 155 184 356 350 7,346 6,246 16,114 14,5S6 3,781 3,107 512 709 (12) SOO 715 3,281 2,392 (27) (39) (243) 399 49 (80) (215) 288 3,066 2,680 608 608 5.40" 3.94' 5.31' 3.87' 5.75 June 30, 2024 June 30, 2025 June 30, 2024 15,734 35,819 29,415 162 1739 295 15,896 37,558 29,710 7,502 16,033 14,204 78 339 142 316 706 631 5,450 13,592 9,638 13,346 30,670 24,61S 2,550 6,888 5,095 689 1221 1223 (20) (6) (37) 669 1,215 1,186 1,881 5,673 3,909 (34) (66) (87) 14 14 141 156 368 (29) (31) (74) 81 73 221 1,962 5,746 4,130 607 608 607 3.10" 9.34' 6.44" 3.10' 9.19' 6.43' 4.25 5.75 4.25 For the Year ended December 31, 2024 62,887 491 63,378 29,710 508 1,367 21,430 53,015 10,363 2,287 236 2,523 7,840 (82) 13 (365) 73 (361) 7,479 608 30,912 12.91 12.86 8.75
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ASSETS Non-current assets Property , plant and equipment Capital work -in-progress Right-of-use assets Goodwill Other intangible assets Financial assets: Investments Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets Current assets Financial assets: Investments Trade receivables Billed Unbilled Cash and cash equivalents Other bank balances Other financial assets Other ·current assets Total current assets TOT AL ASSETS EQUITY AND LIABILITIES Equity Equity share capital Other equity Total equity Non-current liabilities Financial liabilities : Lease liabilities Other financial liabilities Provisions Total non-current liabilities Current liabilities Financial liabilities: Lease liabilities Trade payables Hexaware Technologies Limited Audited Standalone Interim Balance Sheet Dues of micro enterprises and small enterprises Dues of other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Income tax liabilities (net) Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES As at June 30, 2025 4,456 1,600 3,936 115 49 15,967 724 1,310 331 696 29,184 9,354 5,619 8,060 113 1,137 2,892 27,175 56,359 608 33 ,384 33,992 3,247 211 978 4,436 659 34 7,371 6,114 1,220 1,177 1,356 17,931 22,367 56,359 As at December 31, 2024 4,454 1,294 4,157 115 54 15,962 614 1,321 393 651 29,015 428 8,810 4,403 7,763 106 799 2,649 24,958 53,973 608 30,912 31,520 3,437 2,223 724 6,384 600 42 5,905 5,612 1,707 1,203 1,000 16,069 22,453 53,973
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Hexaware Technologies Limited Audited Standalone Interim Statement of Cash Flows Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortization expense Employee stock option compensation cost Interest income Life time expected credit loss Write back of earnout payable related towards earlier acquisition Net (gains)/losses on investments carried at fair value through profit or loss Profit on short closure of lease Profit on sale of property, plant and equipment (PPE) (net) Exchange rate difference (net) - unrealised Exchange rate difference (net) - realised Finance costs Operating profit before working capital changes Adjustments for: Trade receivables and other assets Trade payables, other liabilities and provisions Cash (used in) / generated from operations Direct taxes paid (net) Net cash (used in) / generated from operating activities Cash flow from investing activities Purchase of PPE and intangible assets including CWIP and capital advances Proceeds from sale of property , plant and equipment Purchase of investments Proceeds from sale I redemption of investments Redemption of Debentures Investment in subsidiaries Interest received Net cash generated from / (used in) investing activities Cash flow from financing activities Proceeds from issue of shares I share application money Payment towards lease liabilities including interest on lease liabilities Interest paid Dividend paid Net cash used in from financing activities Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Exchange difference on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of the period " represents amounts less than INR 0.5 million. (INR in millions) For the six month ended June 30, 2025 June 30, 2024 6,888 5,095 706 631 72 135 (159) (135) 16 81 (1,587) (56) (125) (2) (6) 28 (13) (7) 339 142 6,232 5,811 (2,291) (3,712) 1,756 373 5,697 2,472 (811) (690) 4,886 1,782 (671) 8 9 7 (7,300) (12,450) 7,356 15,081 435 2,505 (560) (8,386) 225 82 (506) (3,153) (507) (325) (76) (28) (3,494) (2,580) (4,077) (2,933) 303 (4,304) 7,763 8,986 (6) 1 8,060 4,683
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Select Explanatory notes to the Audited Standalone Interim Statements of Financial Results 1 The Audited Standalone Interim Statement of Financial Results for the quarter ended and six-months ended June 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards} Rules as amended from time to time. The results have been prepared in terms of Regulation 33 of SEBI (Listing Obligatio ns and Disclosure Requirements} Regulations 2015 . 2 These results have been reviewed by the Audit Committee and have been approved for issue by the Board of Directors at its meeting held on July 24, 2025 . The statutory auditors have expressed an unmodified audit opinion on these results. 3 The equity shares of the Company were re-listed on National Stock Exchange of India Limited ("NSE'') and BSE Limited ("BSE") from February 19, 2025 . 4 203,144 equity shares of face value of Re. 1 each were issued during the six months ended June 30, 2025 and 53,144 equity shares of face value of Re. 1 each were issued during the quarter ended June 30, 2025 on exercise of employee stock options in accordance with the company's employee stock option schemes. 5 During the quarter ended June 30, 2025 the company has issued to Company's ESOP trust 10,85,000 equity shares of Re. 1 each at Rs. 382 .5 per share. The said shares are outstanding as at June 30, 2025 and have been excluded wh ile calculating weighted average shares for EPS. On April 04, 2025, the Board of Directors of the Company have declared an interim dividend of INR 5.75 per share in respect of the quarter ended March 31, 2025 and the same was paid on April 23, 2025 . During the quarter ended June 30, 2025 , Hexaware Technologies Services (Egypt) was incorporated w.e.f May 11, 2025 . 8 Other income includes: Gain/ (loss) due to Exchange rate difference Write back of earnout payable related towards earlier acquisition 9 Employee benefits expense includes: Employee stock option compensation Non-r ecurri ng Employee benefit and severance costs Enterprise Resource Planning (ERP) Transformation cost Total 10 Other expenses includes: Enterprise Resource Planning (ERP} Transformation cost Acquisition related costs IPO Related Costs Regulatory Fees paid Total 11 Depreciation and amortisation expense includes: Amortisation of intangible assets acquired in business combination Total June 30, 2025 17 1,587 1,604 June 30, 2025 26 328 106 460 June 30, 2025 120 128 248 June 30, 2025 For the Quarter ended March 31, 2025 (105) (105) For the Quarter ended March 31, 2025 46 106 152 For the Quarter ended March 31, 2025 87 87 For the Quarter ended March 31, 2025 June 30, 2024 49 49 June 30, 2024 91 424 107 622 June 30, 2024 94 110 204 June 30, 2024 For the six month ended June 30, 2025 (88) 1,587 1,499 June 30, 2024 For the six month ended June 30, 2025 June 30, 2024 72 135 328 424 212 201 612 760 For the six month ended June 30, 2025 June 30, 2024 207 178 128 110 335 288 For the six month ended June 30, 2025 June 30, 2024 For the year ended December 31, 2024 33 33 For the year ended December 31, 2024 146 424 446 1,016 For the year ended December 31, 2024 383 117 170 679 For the year ended December 31, 2024 10 10 12 On July 17, 2025 , the Company along with its wh olly owned subsidiary acquired 100% ownership interest of SMC Squared LLC and its subsidiaries (together referred as "SMC"). The total consideration , all in cash, is estimated to be upto USO 120 million, comprising of USO 45 Million upfront payout , upto USO 45 Million of earnouts and upto USO 30 Million out performance earnout bonus, subject to certain customary adjustments on cash, debt and taxes. By acquiring SMC, Hexaware gains established GCC expertise, capability to extend SMC's offerings to our broader client base, including existing Hexaware customers, enhanced value proposition by integrating SMC's GCC setup capabilities with Hexaware's strengths in Al, analytics, cloud transformation, modernization , and enterprise platforms. This collaboration combines SMC's deep GCC expertise with Hexaware's technology-led delivery model to offer world-class GCC operations and attract top-t ier tech talent. The company is currently in the process of finalizing the accounting for this transaction and expect to complete our preliminary allocation of th e purchase consideration to the assets acquired and liabilities assumed within 1 year from the date of acquisition. 13 The results for the quarter ended June 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL:www.nseindia.com) and on the Company's website (URL: www .hexaware.com/ investor-relations). For and on behalf of the Board of Directors of HEXAWARE TECHNOLOGIES LIMITED Place: Mumbai Date: July 24, 2025
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Hexaware FOR IMMEDIATE RELEASE Hexaware Delivers Solid Q2CY25 Revenue of USD 382. 1 Mn, Up 8.6% YoY Q2CY25 EBITDA Expansion of 156 bps YoY Q2CY25 EPS at INR 6.25 Increase of 37.7% YoY Mumbai, July 24, 2025 – Hexaware Technologies (NSE: HEXT), a leading global provider of IT solutions and services, today announced financial results for the second quarter of calendar year 2025 ended June 30, 2025. Financial Summary and Highlights USD Mn INR Mn Q2CY25 QoQ (%) YoY (%) Q2CY25 QoQ (%) YoY (%) Revenue 382.1 2.8% 8.6% 32,607 1.6% 11.1% EBITDA 65.9 6.1% 19.4% 5,644 6.1% 22.5% PAT 44.3 15.6% 35.0% 3,797 16.1% 38.3% Constant Currency Growth Q2CY25 QoQ % YoY % Revenue 1.3% 7.5% Revenue: Q2CY25: USD 382. 1 Mn | INR 32,607 Mn o USD: +2.8% QoQ and +8.6% YoY | INR: +1.6% QoQ and +11. 1% YoY o Constant Currency: +1.3% QoQ and +7.5% YoY Profitability: Reported EBITDA(1): o Q2CY25: 17.2% | +53 bps QoQ & +156 bps YoY in % terms o +6. 1% QoQ & +19.4% YoY in absolute terms Basic EPS: o Q2CY25: INR 6.25 | +16.2% QoQ & +37.7% YoY Key Client Metrics: Hexaware Ranked #1 in Service Delivery in the 2025 Whitelane Research IT Sourcing Study for UK & Ireland Scaled 1 more customer to USD 50 Mn+ category taking the total count to 4 on Q2’25 L TM basis
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Key People Metrics: Closing Headcount: 32,410, L TM net headcount addition of 540 Voluntary Arition for IT(2): 11. 1% Q2CY25 Utilization Rate for IT(3): 83.7% Other Key Metrics: DSO (Billed + Unbilled) at 73 in Q2CY25, of which Billed is 40 L TM Q2CY25 Adjusted Cash Conversion % at 75.5%(4) Strong Cash and Cash Equivalents position as of 30th June 2025(5) INR 19,248 Mn Leadership Speak “In a diicult global macro environment, we had a solid quarter of execution on revenue, profitability and booking. More importantly, we continue to invest to make a rapid pivot to lead our customers into an AI-powered future.“ “This quarter reflects our continued momentum, marked by healthy YoY revenue growth, solid margin execution, and outstanding cash flow conversion. Our eective tax rate remains among the best in the industry.“ R. Srikrishna, CEO Vikash Jain, CFO Notes: (1) EBITDA in USD terms (2) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (3) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. (4) LTM OCF / Reported EBITDA – 79.4% (5) Includes restricted cash balance.
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Financial Performance Revenue Performance by Vertical In USD Million Q2CY25 QoQ Q2CY25 YoY Financial Services 1. 1% 15.7% Healthcare and Insurance 2. 1% 6.6% Manufacturing and Consumer -0.6% -11.5% High Tech and Professional Services 2.9% 14. 1% Banking 13.5% 7. 1% Travel and Transportation 7.2% 23.4% Total Revenue 2.8% 8.6% Revenue Performance by Geography In USD Million Q2CY25 QoQ Q2CY25 YoY Americas 1.7% 10.3% Europe 7.9% 7.9% Asia Pacific 2.2% -8.3% Total Revenue 2.8% 8.6% Key Wins Legacy modernization leveraging RapidX™ for a major airline and a large financial institution App modernization using Amaze® for an international healthcare company based in Australia Strengthened sales execution of the global wealth business of a large private equity firm, leveraging Salesforce App modernization using Amaze® for a top 5 global bank AI-driven services for Enterprise Product Development, Assurance Services, and Cloud Ops for a large US-based fintech firm Cloud consolidation for a global supply chain management and logistics services company in the US Multiple AI and ERP deals with a large property management company in the US Azure migration for a leading insurance provider in Belgium
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Condensed Consolidated Statements of Financial Position Consolidated Statement of Profit and Loss – Quarterly Change In INR million unless stated otherwise Q2CY25 Q1CY25 Q2CY24 QoQ (%) YoY (%) Revenue (USD Mn) 382.1 371.5 351.8 2.8% 8.6% Revenue – Constant Currency 1.3% 7.5% Revenue (INR Mn) 32,607 32,079 29,355 1.6% 11.1% Other Income(1) 1,600 44 296 3,536.4% 440.5% Total Income 34,207 32, 123 29,651 6.5% 15.4% (-) Employee Benefits Expense(2) 19,078 18,622 17,247 2.4% 10.6% (-) Other Expenses(3) 9,485 8, 179 7,797 16.0% 21.6% EBITDA 5,644 5,322 4,607 6.1% 22.5% EBITDA Margin (%) 17.3% 16.6% 15.7% 72 bps 162 bps (-) / + Adjustments 259 129 869 100.8% (70.2%) Adjusted EBITDA 5,903 5,451 5,476 8.3% 7.8% Adjusted EBITDA Margin (%) 18.1% 17.0% 18.7% 111 bps -55 bps (-) D&A 752 735 687 2.3% 9.5% EBIT 4,892 4,587 3,920 6.6% 24.8% EBIT Margin (%) 15.0% 14.3% 13.4% 70 bps 165 bps (-) Finance Costs 209 224 124 (6.7%) 68.5% Profit before Tax 4,683 4,363 3,796 7.3% 23.4% Total Tax Expense 886 1,092 1,050 (18.9%) (15.6%) Reported Profit 3,797 3,271 2,746 16.1% 38.3% Reported Profit Margin (%) 11.6% 10.2% 9.4% 145 bps 229 bps Adjusted Profit 3,863 3,587 3,576 7.7% 8.0% Adjusted Profit Margin (%) 11.8% 11.2% 12.2% 67 bps -33 bps Basic EPS (INR) 6.25 5.38 4.54 16.2% 37.7% Adjusted EPS (INR) 6.36 5.90 5.90 7.8% 7.8% (1) Other Income includes write-back of earnout payable towards an earlier acquisition amounting INR 1,587 Mn for Q2CY25 (2) Employee Beneϐit Expenses includes non- recurring employee beneϐit and severance cost amounting INR 328 Mn for Q2CY25 (Q2CY24: INR 424 Mn) (3) Other Expenses includes acquisition-related cost, speciϐic provisions for customer, and impairment of customer contract associated with an earlier acquisition amounting INR 128 Mn, INR 782 Mn, and INR 394 Mn, respectively for Q2CY25. For comparative purposes, Other Expenses for Q2CY24 includes acquisition-related cost and provision for onerous vendor contracts related to lease agreement amounting to INR 300 Mn and INR 96 Mn, respectively.
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Consolidated Balance Sheet Statement As of period ending In INR million Jun'25 Dec'24 Assets Property, plant and equipment and intangible assets 7,479 8, 128 Right-of-use assets 5,515 5,596 Goodwill 23,910 23,871 Capital work-in-progress 1,592 1,308 Deferred tax assets (net) 2,767 2,682 Other non-current assets and other investments 2,418 2,338 Trade receivables and unbilled revenue 26,445 22,531 Other current assets 3,607 3,568 Cash and cash equivalents (inc. restricted) 19,248 19,923 Total Assets 92,981 89,945 Equity and Liabilities Equity 608 608 Other equity and reserves 57,436 52,961 Non-controlling Interests (25) (23) Total Equity 58,019 53,546 Non-current liabilities 211 228 Deferred tax liabilities (net) 11 0 Lease liabilities 5,819 5,742 Trade payables 8,304 9, 140 Other current liabilities 14,824 13,981 Deferred consideration 2,068 4, 140 Provisions 3,725 3, 168 Total Liabilities 34,962 36,399 Total Equity and Liabilities 92,981 89,945
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Consolidated Statement of Cash Flows In INR million unless stated otherwise H1CY25 H1CY24 Profit before tax 9,046 7,374 D&A, ESOP cost, Finance cost & other items 1,774 1,412 Changes in working capital (4,811) (4,285) Taxes (1,444) (1,234) Net cash (used in) / generated from operating activities (OCF) 4,565 3,267 Capex (869) (635) Investment in MFs and Interest on Fixed Deposits 364 2,754 Payment towards acquisition of business (556) (8,184) Net cash used in investing activities (1,061) (6,065) Proceeds from issue of shares 0 0 Borrowings and lease payments (918) (687) Dividend paid (3,494) (2,580) Net cash used in financing activities (4,412) (3,267) Net cash flow (908) (6,065)
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Conference Call Information Hexaware Technologies will host its Q2 financial earnings conference call for CY 2025 on July 25, 2025, at 7:30 AM (IST) for investors and analysts following the announcement of the results to the stock exchanges. Please find below the options to join the conference call. Option 1 – Webcast Participants who would like to join the video webcast can use the below link for registration: hps:/ /hexaware-q2-earnings.open-exchange.net/ The session will include a live Q&A opportunity, and a recording will be available on the Company’s website a few hours after the call concludes. Option 2 – Dial In (Listen Only) Please join the call 5–10 minutes early to ensure that you are connected to the call on time. To join the listen-only line, kindly use the dial-in ID and passcode provided below: Webinar ID: 974 8239 6952 Password: 498905 Location Phone Number India +91 806 480 2722, +91 80 71 279 440 Toll Free: 000 800 001 4002 Singapore +65 3165 1065 Toll Free: 800 101 3814 Hong Kong +852 5803 3731 Toll Free: 800 931 189 United Arab Emirates Toll Free: 800 035 704 555 United Kingdom +44 208 080 6592 Toll Free: 0 800 260 5801 United States +1 301 715 8592 Toll Free: 877 853 5247 More international numbers available: https://openexc.zoom.us/u/ahWAunEKG Additionally , the investor presentation and call transcript will be made available on the Company’s website at www.hexaware.com.
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About Hexaware We are a global digital and technology services company with artificial intelligence (“ AI”) at its core. We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations. We embed AI into every aspect of our solutions and have created a suite of platforms and tools that allow our customers to adapt, innovate, and optimize in this AI-first era. We serve a diverse range of customers, including 31 Fortune 500 organizations. With a team of 32,410 employees in 28 countries, our presence is spread across major countries, nationalities, languages, time zones, and regulatory zones. For more information, please visit hps:/ /hexaware.com/ Forward-looking Statements Certain statements in this press release concerning our future growth prospects are forward- looking statements, which involve a number of risks and uncertainties that could cause actual results to dier materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may aect our cost advantage, wage increases, our ability to aract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies, and unauthorized use of our intellectual property and general economic conditions aecting our industry. The Company may, from time to time, make additional wrien and oral forward statements. We do not undertake to update any forward statements that may be made from time to time by us or on our behalf unless required under the law. Disclaimer Use of Non-GAAP Financials Hexaware has included certain non-GAAP financial measures in this presentation to supplement Hexaware’s consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware’s results as reported under GAAP . The non-GAAP financial information that we provide also may dier from the non-GAAP information provided by other companies. We compensate for the limitations on our use of these non-GAAP financial measures by relying primarily on our GAAP financial statements and using non-GAAP financial measures only supplementally . We have provided reconciliation of non-GAAP earnings to the most directly comparable GAAP earnings, and we encourage investors to review those reconciliations carefully. We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency. We further believe that providing this information beer enables investors to understand Hexaware’s operating performance and financial condition.
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Rounding o Certain amounts and percentage figures included in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them. Investor Relations Contact: Niraj Khemka Head of Investor Relations investorrelations@hexaware.com Media Contact: Reena Kamble Hexaware Technologies Limited reenak3@hexaware.com
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(Amounts in INR Million) Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) 1 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Purchase of goods or services 200 Approved 17.37 - - 2 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 100 Approved 17.46 - - 3 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 100 Approved 36.71 - - 4 Hexaware Technologies Limited AABCA3203F Hexaware Technologies GmbH. ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 2,000 Approved 926.24 - - 5 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Hong Kong Ltd ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 100 Approved 23.39 - - 6 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Purchase of goods or services 18,000 Approved 7,081.57 - - 7 Hexaware Technologies Limited AABCA3203F Hexaware Technologies SL (Private) Limited ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 100 Approved 23.09 - - 8 Hexaware Technologies Limited AABCA3203F Hexaware Technologies South Africa (Pty) Ltd ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 250 Approved 21.17 - - 9 Hexaware Technologies Limited AABCA3203F Mobiquity BV ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 2,500 Approved 198.56 - - 10 Hexaware Technologies Limited AABCA3203F Mobiquity Consulting BV ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 1,200 Approved 95.80 - - 11 Hexaware Technologies Limited AABCA3203F Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services 1,200 Approved 564.06 - - 12 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Purchase of goods or services 2,000 Approved 772.24 - - 13 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Purchase of goods or services 700 Approved 252.11 - - 14 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Sale of goods or services 1,000 Approved 194.43 - - 15 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 800 Approved 3.31 - - 16 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Belgium SRL ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 2,800 Approved 842.54 - - 17 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Canada Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 800 Approved 175.11 - - 18 Hexaware Technologies Limited AABCA3203F Hexaware Technologies GmbH. ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 1,800 Approved 383.56 - - 19 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Nordic AB ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 200 Approved 84.48 - - 20 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Saudi LLC ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 1,500 Approved 370.27 - - 21 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 10,000 Approved 1,738.34 - - 22 Hexaware Technologies Limited AABCA3203F Mobiquity BV ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 1,500 Approved 78.50 - - 23 Hexaware Technologies Limited AABCA3203F Softcrylic LLC ZZZZZ9999Z Wholly Owned Subsidiary Sale of goods or services 1,000 Approved 381.87 - - 24 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 0.33 - - 25 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Belgium SRL ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 0.01 - - 26 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Canada Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 5.98 - - 27 Hexaware Technologies Limited AABCA3203F Softcrylic LLC ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 10.08 - - 28 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 149.40 - - 29 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Any other transaction Recovery of Expense Not Applicable 1.18 - - 30 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Nordic AB ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 1.13 - - 31 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Saudi LLC ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 1.10 - - 32 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 29.83 - - 33 Hexaware Technologies Limited AABCA3203F Mobiquity BV ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 2.12 - - 34 Hexaware Technologies Limited AABCA3203F Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 1.81 - - 35 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Any other transaction Recovery of Expense Not Applicable 0.81 - - 36 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Interest received 39 Approved 38.81 - - 37 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Any other transaction Corporate Gaurantee Charges 1 Approved 0.58 - - 38 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Corporate Gaurantee Charges 10 Approved 10.31 - - 39 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Reimbursement of cost Not Applicable 1.20 - - 40 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Reimbursement of cost Not Applicable 0.50 - - 41 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Reimbursement of cost Not Applicable 146.26 - - 42 Hexaware Technologies Limited AABCA3203F CA Magnum Holdings ZZZZZ9999Z Promoter Any other transaction Recovery of Expense 3,350 Approved 609.12 - - 43 Hexaware Technologies Limited AABCA3203F Carlyle Investment Management, LLC ZZZZZ9999Z Affiliate of Promoter Sale of goods or services 3,757 Approved 1,817.72 - - 44 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Redemption of Debenture Investment Not Applicable 435.21 - - 45 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Any other transaction Lease Rent Expense 1 Approved 0.84 - - 46 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Any other transaction Lease Rent Income 2 Approved 1.57 - - 47 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies Sdn. Bhd. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable 0.02 - - 48 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Services ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable 2.11 - - 49 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 184.37 334.07 50 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 1,070.74 920.81 51 Hexaware Technologies Limited AABCA3203F Hexaware Technologies GmbH. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 368.09 324.67 52 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 59.78 3.58 53 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Canada Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 69.73 57.77 54 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Nordic AB ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 31.76 98.43 55 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Saudi LLC ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 491.60 559.51 56 Hexaware Technologies Limited AABCA3203F Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 4.58 - 57 Hexaware Technologies Limited AABCA3203F Mobiquity BV ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 3.27 84.27 58 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Any other transaction Trade, other receivable and accrual Not Applicable - 0.82 0.50 59 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Belgium SRL ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 358.47 348.07 60 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Any other transaction Trade, other receivable and accrual Not Applicable - 360.73 255.03 61 Hexaware Technologies Limited AABCA3203F Softcrylic LLC ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - - 157.51 62 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Any other transaction Trade, other receivable and accrual Not Applicable - - 2.35 63 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 2,596.53 2,772.08 64 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 1.80 1.94 65 Hexaware Technologies Limited AABCA3203F Hexaware Technologies GmbH. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 0.25 927.61 Related Party Disclosures Sr No. Name PAN Details of the counterparty Details of the loans, inter-corporate deposits, advances or investmentsIn case monies are due to either party as a result of the transactionValue of transaction during the reporting period PAN Relationship of the counterparty with the listed entity or its subsidiary Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Annexure C
Page 30
(Amounts in INR Million) Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) 66 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 53.39 95.22 67 Hexaware Technologies Limited AABCA3203F Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 0.35 0.64 68 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Saudi LLC ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 22.94 24.15 69 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Hong Kong Ltd ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 45.81 66.28 70 Hexaware Technologies Limited AABCA3203F Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 140.29 308.15 71 Hexaware Technologies Limited AABCA3203F Mobiquity BV ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 181.04 171.40 72 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 771.91 771.42 73 Hexaware Technologies Limited AABCA3203F Mobiquity Consulting BV ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 44.31 72.28 74 Hexaware Technologies Limited AABCA3203F Hexaware Technologies South Africa (Pty) Ltd ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 20.64 23.02 75 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 5.43 5.68 76 Hexaware Technologies Limited AABCA3203F Hexaware Technologies SL (Private) Limited ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 6.25 7.92 77 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Belgium SRL ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 9.58 10.79 78 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 20.38 37.81 79 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - - 104.30 80 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Debenture Interest receivable Not Applicable - - 45.77 81 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Guarantee Charges Receivable Not Applicable - - 18.22 82 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Any other transaction Guarantee Charges Receivable Not Applicable - - 0.51 83 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Investment Not Applicable - 1,632.68 1,632.68 84 Hexaware Technologies Limited AABCA3203F Hexaware Technologies UK Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 154.64 154.64 85 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 12.48 12.48 86 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Gmbh. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 7.57 7.57 87 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Canada Ltd. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 0.73 0.73 88 Hexaware Technologies Limited AABCA3203F Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 29.42 29.42 89 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Saudi LLC ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 8.03 8.03 90 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Hong Kong Ltd ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 16.13 16.13 91 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Nordic AB ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 55.53 55.53 92 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 25.38 25.38 93 Hexaware Technologies Limited AABCA3203F Mobiquity Softech Private Limited AAACX0890N Wholly Owned Subsidiary (Indian) Investment Not Applicable - 401.17 401.17 94 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Investment Not Applicable - 2.97 2.97 95 Hexaware Technologies Limited AABCA3203F Softcrylic LLC ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 12,151.86 12,151.86 96 Hexaware Technologies Limited AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd AAGCS9743M Wholly Owned Subsidiary (Indian) Investment Not Applicable - 165.44 165.44 97 Hexaware Technologies Limited AABCA3203F Hexaware Technologies SL (Private) Limited ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - 8.36 8.36 98 Hexaware Technologies Limited AABCA3203F Hexaware Novelty Technologies Ltd ZZZZZ9999Z Partly owned subsidiary Investment Not Applicable - 1.61 1.61 99 Hexaware Technologies Limited AABCA3203F Hexaware Information Technologies Sdn. Bhd. ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - - 0.02 100 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Services ZZZZZ9999Z Wholly Owned Subsidiary Investment Not Applicable - - 2.11 101 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Investment in Non Convertible Debentures Not Applicable - 1,712.40 1,286.40 102 Hexaware Technologies Limited AABCA3203F Carlyle Investment Management, LLC ZZZZZ9999Z Affiliate of Promoter Any other transaction Trade, other receivable and accrual Not Applicable - (165.85) 86.33 103 Hexaware Technologies Limited AABCA3203F Hexaware Technologies Inc. AADCH1466M Wholly Owned Subsidiary Any other transaction Corporate Gaurantee Given Not Applicable - 2,911.08 2,915.84 104 Hexaware Technologies Limited AABCA3203F Hexaware Al Balagh Technologies LLC ZZZZZ9999Z Subsidiary of Holding Company Any other transaction Corporate Gaurantee Given Not Applicable - 171.24 171.52 105 Hexaware Technologies Limited AABCA3203F CA Magnum Holdings ZZZZZ9999Z Promoter Any other transaction Trade, other receivable and accrual Not Applicable - 329.20 - 106 Hexaware Technologies UK Ltd. ZZZZZ9999Z Hexaware Technologies ARG S.A.S. ZZZZZ9999Z Wholly Owned Subsidiary Purchase of goods or services Not Applicable 1.89 - - 107 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Fellow Subsidiary Purchase of goods or services Not Applicable 1,714.38 - - 108 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies GmbH. ZZZZZ9999Z Fellow Subsidiary Interest paid Not Applicable 3.72 - - 109 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies UK Ltd. ZZZZZ9999Z Fellow Subsidiary Interest paid Not Applicable 2.50 - - 110 Hexaware Technologies Inc. AADCH1466M Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Interest paid Not Applicable 41.14 - - 111 Hexaware Technologies UK Ltd. ZZZZZ9999Z Hexaware Technologies Belgium SRL ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Recovery of Expense Not Applicable 0.45 - - 112 Hexaware Technologies UK Ltd. ZZZZZ9999Z Hexaware Technologies Inc. AADCH1466M Fellow Subsidiary Any other transaction Loan given Not Applicable - 594.85 - 113 Hexaware Technologies UK Ltd. ZZZZZ9999Z Hexaware Technologies Inc. AADCH1466M Fellow Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 1 - 114 Hexaware Technologies UK Ltd. ZZZZZ9999Z Hexaware Technologies ARG S.A.S. ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 0.40 0.36 115 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Fellow Subsidiary Any other transaction Reimbursement of cost Not Applicable 14.37 - - 116 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies UK Ltd. ZZZZZ9999Z Fellow Subsidiary Any other transaction Loan repaid Not Applicable 586.34 - - 117 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies GmbH. ZZZZZ9999Z Fellow Subsidiary Any other transaction Loan repaid Not Applicable 246.97 - - 118 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies Canada Ltd. ZZZZZ9999Z Fellow Subsidiary Any other transaction Recovery of Expense Not Applicable 0.01 - - 119 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies Canada Ltd. ZZZZZ9999Z Fellow Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 0.02 - 120 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Fellow Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 957.28 1,588.16 121 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V. ZZZZZ9999Z Fellow Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 7.94 - 122 Hexaware Technologies Inc. AADCH1466M Hexaware Technologies GmbH. ZZZZZ9999Z Fellow Subsidiary Any other transaction Loan payable Not Applicable - 224.02 - 123 Hexaware Technologies Inc. AADCH1466M Mobiquity Inc ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Loan payable Not Applicable - 1,291.32 1,293.21 124 Mobiquity Inc ZZZZZ9999Z Mobiquity Velocity Solutions Inc, USA ZZZZZ9999Z Wholly Owned Subsidiary Any other transaction Trade, other receivable and accrual Not Applicable - 176.40 176.69 125 Mobiquity Inc ZZZZZ9999Z Mobiquity BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Trade, other receivable and accrual Not Applicable - 412.52 413.19 126 Mobiquity Inc ZZZZZ9999Z Mobiquity BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Loan given Not Applicable - 464.35 465.11 127 Mobiquity Inc ZZZZZ9999Z Mobiquity BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Interest receivable Not Applicable - 38.92 52.82 128 Mobiquity Inc ZZZZZ9999Z Mobiquity BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Interest on loan Not Applicable 13.86 - - 129 Mobiquity BV ZZZZZ9999Z Mobiquity Consulting BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Advance Given Not Applicable 20.39 - - 130 Mobiquity BV ZZZZZ9999Z Mobiquity Consulting BV ZZZZZ9999Z Transaction between two subsidiaries Any other transaction Advance Recovered Not Applicable 20.39 - - 131 Hexaware Technologies South Africa (Pty) Ltd ZZZZZ9999Z Mobiquity BV ZZZZZ9999Z Fellow Subsidiary Any other transaction Trade payable - towards services, reimbursement of cost and accruals Not Applicable - 5.76 - In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Sr No. Name PAN Details of the counterparty PAN Relationship of the counterparty with the listed entity or its subsidiary Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction