Hexaware hits 52-week high post strong Dec qtr results

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Hexaware hits 52-week high post strong Dec qtr results

Hexaware Technologies has reported a growth of 36.3% quarter-on-quarter in net profit of Rs 88.2 crore for the October-December quarter of CY11 while it jumped 123% year-on-year.

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Hexaware Technologies has reported a growth of 36.3% quarter-on-quarter in net profit of Rs 88.2 crore for the October-December quarter of CY11 while it jumped 123% year-on-year.

EBITDA margins improved 430 basis points to 23% versus 18.7% quarter-on-quarter.

Even EBIT margins increased 460 basis points from 17% in Q3 to 21.6% in Q4 2011.

The company's revenue surpassed the quarterly guidance of USD 82.5 million, and grew 6.7% sequentially to USD 84.1 million. In rupee terms, revenues shot up 18% to Rs 431.9 crore.

At 09:19 hrs the share was quoting at Rs 93.75, up Rs 5.90, or 6.72%. It touched a 52-week high of Rs 95.95.
 
It was trading with volumes of 206,577 shares. In the previous trading session, the share closed up 3.54% or Rs 3.00 
at Rs 87.85.