Hexaware Technologies Limited · NSE:HEXT

Hexaware Technologies — Q3 2026 Earnings Presentation

27 slides from Hexaware Technologies's earnings presentation, Oct 28, 2026

  1. Slide 1: Stock exchange cover letter for investor presentation

    HEXT/SE/2026/115 Date: October 28, 2026 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 -

  2. Slide 2: Investor Presentation – Q3CY26

    Investor Presentation – Q3CY26 Oct 2026

  3. Slide 3: Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer

    Safe Harbor Statement / Forward-looking and Cautionary Statement / Disclaimer Certain statements in this presentation concerning our future growth prospects, litigations are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ mater

  4. Slide 4: Key Financial and Business Highlights

    Key Financial and Business Highlights Business Highlights Financial Highlights AI Led Growth Strategy: Revenue: • Q3CY26: USD 411.9 Mn | INR 39,331 Mn • AI for IT: Embed AI across the technology lifecycle to modernize legacy estates, improve quality and resilience, and accelerate delivery o USD : +1

  5. Slide 5: Winning Across Domains: Key Successful Deals

    Winning Across Domains: Key Successful Deals Smart Home and Property Large US Infrastructure Leading Australian Bank Global Pharmaceutical Player Technology Platform Provider AI native customer experience Legacy modernisation Data modernisation AI App & agentic development & AI use case factory US B

  6. Slide 6: Q3CY26 Financial Highlights

    Q3CY26 Financial Highlights Revenue (USD Mn) Reported EBIT (USD Mn) Q3CY26 Adjusted EBIT of 13.8% YoY (%) 5.5% 6.1% 4.3% • +17 bps QoQ and (88) bps YoY 3.3% 4.4% 1.6% Margin (%) 14.7% 13.6% 12.2% QoQ (%) $412 • +2.9% QoQ & (1.9%) YoY in absolute terms $58 $55 $405 $50 • Reported to Adjusted margin w

  7. Slide 7: Diverse Presence Across Verticals and Geographies

    Diverse Presence Across Verticals and Geographies Vertical Split (%) Geographic Split (%) IT - BPS Split(%) 7% 2% 6% 12% 9% 29% 20% Q3CY26 Q3CY26 Q3CY26 14% Revenue Revenue Revenue Split Split Split 16% 23% 74% 88% Q3CY26 Q3CY26 Q3CY26 Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY Growth (%)(1) QoQ Yo

  8. Slide 8: Diverse Clientele with Strong Relationship

    Diverse Clientele with Strong Relationship Client Pyramid (# LTM) Revenue Contribution by Customer Group (%) USD Mn(1) Q3CY25 Q3CY26 50.3% 48.7% 49.3% >$75 3 2 37.0% >$50 4 4 35.7% 35.4% >$20 15 17 26.0% 25.3% 24.7% >$10 30 32 >$5 65 67 >$1 199 205 Top 5 customers Top 10 customers Top 20 customers L

  9. Slide 9: Enhancing Operational Efficiency Through Revenue Optimization and Talent Management

    Enhancing Operational Efficiency Through Revenue Optimization and Talent Management Revenue Mix – Onshore & Offshore (%)(1) Total Headcount (#) Onshore IT Services (%) Offshore IT Services (%) 35,887 48.8% 48.1% 48.5% 48.0% 46.9% 34,506 33,590 33,844 33,798 51.2% 51.9% 51.5% 52.0% 53.1% Q3CY25 Q4CY2

  10. Slide 10: Cash Flow, ETR, and EPS Metrics

    Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Reported Profit – Cash Conversion (%) DSO - Billed DSO - Unbilled 126.6% 127.1% 125.1% 124.7% 75 78 77 73 109.6% 67 31 39 36 36 29 37 38 44 39 41 Q3CY25 Q4CY25 Q1CY26 Q2CY26 Q3CY26 Q3CY25 Q4CY25 Q1CY26 Q2CY26 Q3CY26 Effective Tax Rate (%) Basi

  11. Slide 11: Appendix

    Appendix

  12. Slide 12: Awards and Recognition

    Awards and Recognition v v v v v v Hexaware Won Four Learning Awards at the TISS LeapVault CLO Awards 2026 Hexaware Won in Five Categories at the Brandon Hall Excellence Awards 2026 Hexaware Won in Five Categories Hexaware Won Four Learning Hexaware Named Best Firm for FDE Talent to Work For by Anal

  13. Slide 13: Creating Meaningful Impact Beyond Business

    Creating Meaningful Impact Beyond Business ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 15% globally. Awarded a Silver medal with a score of 79, placing us in the 92nd percentile worldwide • S&P Global CSA: Got a score of 86/100 (improvement of 3 basis points) and 98th

  14. Slide 14: Thank You

    Thank You Please direct all inquiries to Investorrelations@hexaware.com

  15. Slide 15: Investor Factsheet – Q3CY26

    Investor Factsheet – Q3CY26 Oct 2026 © 2026 Hexaware Technologies

  16. Slide 16: Key Financial Metrics

    Key Financial Metrics Change Quarterly Metrics In INR million unless stated otherwise Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue (USD Mn) $411.9 $405.4 $394.8 1.6% 4.3% Revenue – Constant Currency (CC) 1.7% 4.5% Revenue (INR Mn) 39,331 38,452 34,836 2.3% 12.9% Profitability Reported EBIT (USD Mn)

  17. Slide 17: Key Revenue Metrics – Q3CY26 (INR)

    Key Revenue Metrics – Q3CY26 Revenue by Vertical % of % of % of In INR million Q3CY26 Q2CY26 Q3CY25* Revenue Revenue Revenue Financial Services 11,441 29.1% 11,029 28.7% 10,325 29.6% Healthcare and Insurance 8,922 22.7% 8,897 23.1% 7,760 22.3% Manufacturing and Consumer 6,299 16.0% 6,148 16.0% 5,653

  18. Slide 18: Key Revenue Metrics – Q3CY26 (USD)

    Key Revenue Metrics – Q3CY26 Revenue by Vertical % of % of % of In USD million Q3CY26 Q2CY26 Q3CY25* Revenue Revenue Revenue Financial Services 120 29.1% 116 28.7% 117 29.7% Healthcare and Insurance 93 22.7% 94 23.1% 88 22.3% Manufacturing and Consumer 66 16.0% 65 16.0% 64 16.2% Professional Service

  19. Slide 19: Key Client and Operational Metrics

    Key Client and Operational Metrics Customer Concentration(1) Q3CY26 Q2CY26 Q3CY25 Top 5 customers 24.7% 25.3% 26.0% Top 10 customers 35.4% 35.7% 37.0% Top 20 customers 49.3% 48.7% 50.3% Client Pyramid(2) Q3CY26 Q2CY26 Q3CY25 $75 million + 2 2 3 $50 million + 4 4 4 $20 million + 17 16 15 $10 million

  20. Slide 20: Other Key Metrics

    Other Key Metrics Days Sales Outstanding (DSO) # of Days^ Q3CY26 Q2CY26 Q3CY25 DSO - Billed 41 39 37 DSO - Unbilled 36 39 36 USD / INR Exchange Rate Q3CY26 Q2CY26 Q3CY25 Period Closing Rate 95.83 94.66 88.79 Period Average Rate 95.48 94.86 88.19 ^DSO is computed based on trailing 3 months of USD rev

  21. Slide 21: Summary of Consolidated Profit and Loss in USD million

    Summary of Consolidated Profit and Loss in USD million Change Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue 411.9 405.4 394.8 1.6% 4.3% Revenue – Constant Currency 1.7% 4.5% (-) Employee Benefits Expense 240.8 238.9 224.9 0.8% 7.1% (-) Other Expenses 111.8 102.6 101.8 9.0% 9.8% (-) D&A 9.1 8.6 10.1 5

  22. Slide 22: Summary of Consolidated Profit and Loss in INR million

    Summary of Consolidated Profit and Loss in INR million Change Q3CY26 Q2CY26 Q3CY25 QoQ (%) YoY (%) Revenue 39,331 38,452 34,836 2.3% 12.9% (-) Employee Benefits Expense 22,991 22,664 19,835 1.4% 15.9% (-) Other Expenses 10,678 9,735 8,988 9.7% 18.8% (-) D&A 871 817 889 6.6% (2.0%) Reported EBIT 4,79

  23. Slide 23: Summary of Consolidated Balance Sheet in INR million

    Summary of Consolidated Balance Sheet in INR million As of period ending Sep-26 Dec-25 Assets Property, plant and equipment and intangible assets 10,010 9,415 Right-of-use assets 6,083 6,116 Goodwill 38,172 35,768 Capital work-in-progress 721 505 Deferred tax assets (net) 4,057 4,043 Other non-curre

  24. Slide 24: Summary of Consolidated Cash Flow in INR million

    Summary of Consolidated Cash Flow in INR million 9MCY26 9MCY25 Profit before tax 14,569 14,013 D&A, ESOP cost, Finance cost & other items 1,990 2,621 Changes in working capital (6,589) (4,732) Taxes (2,749) (2,659) Net cash generated from operating activities (OCF) 7,221 9,243 Capex (1,236) (1,296)

  25. Slide 25: Reconciliation of Adj. EBITDA (Based on USD P&L)

    Reconciliation of Adj. EBITDA (Based on USD P&L) Q3CY26 Q2CY26 Q3CY25 Reported EBITDA Margin 18.2% 14.5% 17.5% Add: ESOP compensation cost 0.3% 0.2% 0.2% Add: ERP transformation cost(1) - - 0.4% Add: Separation cost and Employee stock option compensation cost reversal associated with CEO 0.2% - - ex

  26. Slide 26: About Hexaware Technologies

    About Hexaware Technologies 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 ever

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Hexaware Technologies — Q3 2026 Earnings Presentation on 6ix