Hexaware Technologies Ltd. on Thursday announced its Q2 FY2021 results. The company reported a net profit of Rs 162.70 crore for the September quarter, a 11% contraction YoY. It had posted a profit of Rs 183.71 crore in the corresponding quarter previous year.
The IT company posted a total income of Rs 1,579.58 crore during the Q2 FY2021 period as compared to Rs 1,501.72 crore during the FY2020 period. In the previous quarter, it posted Rs 1,565.17 crore revenue.
The Navi-Mumbai based company has reported diluted Earnings per Share (EPS) of Rs 5.37 for the period. It had posted EPS of Rs 5.04 for the previous Q1 June period.
The company in its BSE regulatory filing stated, “On account of the aforesaid change, the Operations and other expenses is lower by Rs. 190.74 Million for the quarter ended September 30,2020 (Rs. 191.93 Million for the quarter ended June 30,2020 and Rs. 549.55 Million for the nine months ended September 30, 2020), Depreciation and amortization is higher by Rs. 154.30 Million for the quarter ended September 30, 2020 (Rs. 165.41 Million for the quarter ended June 30,2020 and Rs. 464.71 Million for the nine months ended September 30,2020) and Finance costs is higher by Rs. 68.46 Million for the quarter ended September 30, 2020 (Rs. 71.85 Million for the quarter ended June 30,2020 and Rs. 212.60 Million for the nine months ended September 30,2020).”
“Mr. Rajeev Kumar Mehta, Independent Director is appointed as a member of Audit, Governance & Compliance Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee. Pursuant to the recommendation of the Nomination & Remuneration Committee, the Board of Directors have approved the allotment of 1,98,656 shares to employees on exercise of RSUs under ESOPs.”
https://twitter.com/HexawareGlobal/status/1318960314969370624
