Hexaware Technologies Q1 net profit at Rs.263.04 million, total income at Rs.1272.34 million

Hexaware Technologies Ltd has announced the following Unaudited results for the quarter ended March 31, 2007: The Company has posted a profit after tax of Rs 263.04 million for the quarter ended March 31, 2007 where as the same was at Rs 209.19 million for the quarter ended March 31, 2006. Total Income is Rs 1272.34 million for the quarter ended March 31, 2007 where as the same was at Rs 909.22 million for the quarter ended March 31, 2006.

"Our revenue and profit continue to grow consistent with our medium-term business plan. We registered an impressive increase in the order book of $61 mn and acquired 20 new clients, which is the highest we recorded so far. For the past quarter, not withstanding the adverse impact of 1.6% appreciation of rupee on a q-o-q basis, operational metrics continue to show healthy improvement. However, the appreciation of the rupee will impact our future margins," commented Atul Nishar, Executive Chairman of the Company.

The stock was trading at Rs.174.70, up by Rs.1.25 or 0.72%. The stock hit an intraday high of Rs.175.80 and low of Rs.168.15. The total traded quantity was 53060 compared to 2 week average of 266737.

Source : Equity Bulls

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