Slide 1: Stock exchange filing letter for Q3 investor presentation
HEXT/SE/2025/121 Date: November 06, 2025 To, The Manager The General Manager Lis ng Department Department of Corporate Services Na onal Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai -
Slide 2: Investor Presentation – Q3CY25
Investor Presentation – Q3CY25 Nov 2025 © 2025 Hexaware Technologies
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
Slide 4: Key Financial and Business Highlights
Key Financial and Business Highlights Financial Highlights Business Highlights Revenue: Leadership Updates: • Q3CY25: USD 394.8 Mn | INR 34,836 Mn • Shantanu Baruah joined as H&I Vertical Head o USD : +3.3% QoQ; +5.5% YoY • Eravi Gopan joined as head of High Tech, Products and Platforms. o INR : +6.
Slide 5: Hexaware acquires CyberSolve to Strengthen AI-led Cybersecurity Capabilities
Hexaware acquires CyberSolve to Strengthen AI-led Cybersecurity Capabilities Financials and Key About CyberSolve Strategic Rationale Leadership transaction terms • CyberSolve founded in 2016 • Tap the fast-expanding IAM • Founded by Atul Agarwal • CY 2024 revenues at $25.8M is a global specialist in
Slide 6: Winning Across Domains: Key Successful Deals
Winning Across Domains: Key Successful Deals Global leader in Data center Top Three Canadian Bank Large Multinational Insurance Global Marketing Agency Infrastructure Company Digital ITO + Service Now Large Consolidation deal Digital ITO Services GCC Opportunity German Multinational Global Fintech C
Slide 7: Q3CY25 Financial Highlights
Q3CY25 Financial Highlights Revenue (USD Mn) Reported EBITDA (USD Mn) Reported EBITDA 17.5%; 16.8% 8.6% 5.5% • +15.6% YoY growth YoY (%) • 154 bps expansion YoY QoQ (%) 6.4% 2.8% 3.3% Margin (%) 16.0% 17.2% 17.5% • 30 bps expansion QoQ $395 $69 $66 • Reported Net Profit 10.6% +17.5% YoY $382 growth
Slide 8: Diverse Presence Across Verticals and Geographies
Diverse Presence Across Verticals and Geographies Vertical Split (%) Geographic Split (%) IT - BPS Split(%) 8% 5% 12% 9% 30% 19% Q3CY25 Q3CY25 Q3CY25 15% Revenue Revenue Revenue Split Split Split 76% 16% 22% 88% Q3CY25 Q3CY25 Q3CY25 Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY Growth (%)(1) QoQ YoY F
Slide 9: Diverse Clientele with Strong Partnerships
Diverse Clientele with Strong Partnerships Client Pyramid (# LTM) Revenue Contribution by Customer Group (LTM %) USD Mn(1) Q3CY24 Q3CY25 >$75 3 3 49.4% 50.3% >$50 3 4 37.0% >$20 15 15 35.7% >$10 31 30 25.8% 26.0% >$5 59 65 >$1 186 199 Top 5 customers Top 10 customers Top 20 customers LTM Q3CY24 LTM
Slide 10: 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 (%) 32,309 31,564 32,410 33,590 32,536 43.6% 43.7% 45.6% 46.7% 48.8% 56.4% 56.3% 54.4% 53.3% 51.2% Q3CY24 Q4CY2
Slide 11: Cash Flow, ETR, and EPS Metrics
Cash Flow, ETR, and EPS Metrics DSO (Days) (1) LTM OCF / Reported EBITDA –Cash Conversion (%) DSO - Billed DSO - Unbilled 84.0% 81.3% 79.4% 79.6% 72 75 73 73 67.1% 65 32 36 33 36 27 40 38 39 40 37 Q3CY24 Q4CY24 Q1CY25 Q2CY25 Q3CY25 Q3CY24 Q4CY24 Q1CY25 Q2CY25 Q3CY25 Effective Tax Rate (%) Basic EPS
Slide 12: Outlook
Outlook • Demand Environment • Improving demand, including early signs of recovery in M&C • Short-term headwind due to Government shutdown. Restriction on visa transfers • Updates on deals • Two major consolidation deals won, one was new in pipeline. Continued progress in two others • More deals exp
Slide 13: Appendix
Appendix
Slide 14: Awards and Recognition
Awards and Recognition Dun Bradstreet Helps Sales and Marketers Speed Path from Prospect to ... v Hexaware Won Gold Stevie for Fastest Growing Company of the Year at the 2025 American Business Awards® Hexaware Named Best AI Engineering and Implementation Partner at the ET Making AI Work Awards 2025
Slide 15: Creating Meaningful Impact Beyond Business
Creating Meaningful Impact Beyond Business ESG and Sustainability Awards • Ecovadis Assessment: Hexaware is in the top 5% globally, awarded a Gold medal with a score of 80, placing in the 98th percentile worldwide • S&P Global DJSI: Got a score of 83/100 and 97th percentile, while industry avg is 34
Slide 16: Thank You
Thank You Please direct all inquiries to Investorrelations@hexaware.com
Slide 17: Investor Factsheet – Q3CY25
Investor Factsheet – Q3CY25 Nov 2025 © 2025 Hexaware Technologies
Slide 18: Key Financial Metrics
Key Financial Metrics Quarterly Metrics Change In INR million unless stated otherwise Q3CY25 Q2CY25 Q3CY24 QoQ (%) YoY (%) Revenue (USD Mn) $394.8 $382.1 $374.2 3.3% 5.5% Revenue – Constant Currency (CC) 3.4% 5.2% Revenue (INR Mn) 34,836 32,607 31,357 6.8% 11.1% Profitability Reported EBITDA 6,116 5
Slide 19: Key Revenue Metrics – Q3CY25 (INR)
Key Revenue Metrics – Q3CY25 Revenue by Vertical % of % of % of In INR million Q3CY25 Q2CY25 Q3CY24* Revenue Revenue Revenue Financial Services 10,325 29.6% 9,784 30.0% 8,743 27.9% Healthcare and Insurance 7,760 22.3% 6,741 20.7% 6,729 21.5% Manufacturing and Consumer 5,653 16.2% 4,690 14.4% 4,972 1
Slide 20: Key Revenue Metrics – Q3CY25 (USD)
Key Revenue Metrics – Q3CY25 Revenue by Vertical % of % of % of In USD million Q3CY25 Q2CY25 Q3CY24* Revenue Revenue Revenue Financial Services 117 29.7% 115 30.0% 104 27.9% Healthcare and Insurance 88 22.3% 79 20.7% 80 21.5% Manufacturing and Consumer 64 16.2% 55 14.4% 59 15.9% High Tech and Profes
Slide 21: Key Client and Operational Metrics
Key Client and Operational Metrics Customer Concentration(1) Q3CY25 Q2CY25 Q3CY24 Top 5 customers 26.0% 25.8% 25.8% Top 10 customers 37.0% 36.6% 35.7% Top 20 customers 50.3% 50.1% 49.4% Client Pyramid(2) Q3CY25 Q2CY25 Q3CY24 $75 million + 3 3 3 $50 million + 4 4 3 $20 million + 15 15 15 $10 million
Slide 22: Other Key Metrics
Other Key Metrics Days Sales Outstanding (DSO) # of Days Q3CY25 Q2CY25 Q3CY24 DSO - Billed 37 40 40 DSO - Unbilled 36 33 32 USD / INR Exchange Rate Q3CY25 Q2CY25 Q3CY24 Period Closing Rate 88.79 85.76 83.80 Period Average Rate 88.19 85.27 83.80 © 2025 Hexaware Technologies 6
Slide 23: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss Change In INR million unless stated otherwise Q3CY25 Q2CY25 Q3CY24 QoQ (%) YoY (%) Revenue (USD Mn) 394.8 382.1 374.2 3.3% 5.5% Revenue – Constant Currency 3.4% 5.2% Revenue (INR Mn) 34,836 32,607 31,357 6.8% 11.1% Other Income(1) 103 1,600 112 (9
Slide 24: Summary of Consolidated Balance Sheet
Summary of Consolidated Balance Sheet As of period ending In INR million Sep'25 Dec'24 Assets Property, plant and equipment and intangible assets 10,579 8,128 Right-of-use assets 5,869 5,596 Goodwill 30,814 23,871 Capital work-in-progress 292 1,308 Deferred tax assets (net) 3,217 2,682 Other non-cur
Slide 25: Summary of Consolidated Cash Flow Statement
Summary of Consolidated Cash Flow Statement In INR million unless stated otherwise 9MCY25 9MCY24 Profit before tax 14,013 11,433 D&A, ESOP cost, Finance cost & other items 2,621 2,638 Changes in working capital (4,732) (4,820) Taxes (2,659) (2,226) Net cash (used in) / generated from operating activ
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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