Hexaware Technologies Ltd (HEXT) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 25, 2026 3 min read

Hexaware Technologies enters its Q1 FY 2026-2027 results facing the dual challenge of re-accelerating constant-currency revenue growth while managing significant working capital headwinds. Investors will be closely watching whether a weaker rupee provides a margin buffer and if deal ramp-ups in high-growth verticals like Banking and Healthcare can offset persistent drag from the TPP segment.

Quick Details

Results date	July 29, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 36,130 Mn
Previous quarter PAT	Rs. 3,516 Mn
Previous quarter EBITDA margin	15.8%
Market cap	Rs. 33,672.21 Cr
CMP	Rs. 551.85

Hexaware Technologies Ltd Q1 Results Date and Time

The company has scheduled a board meeting for July 29, 2026, to consider the audited financial results.

What to expect from Hexaware Technologies Ltd's Q1 FY27 results

Hexaware's Q1 performance will be heavily influenced by the rupee's depreciation, which moved from ~93 in early April to ~94.40 by late June, acting as a mechanical tailwind for reported revenue and margins. While the company's Q4 FY2025-26 USD revenue growth of 4.6% trailed its full-year target, management is expected to address whether seasonal Q1 strength and the full integration of SMC Squared and CyberSolve can drive a re-acceleration in constant-currency terms. The margin bridge remains a focal point, with analysts looking for the impact of April-cycle wage hikes and H-1B visa costs to be weighed against the FX benefit and improved utilization of 82.6%. The company must also address the working capital deterioration that saw DSO rise to 75 days in Q4, which contributed to a negative operating cash flow of Rs. 76 Mn. Finally, the sustainability of growth in Banking (+30.3% YoY) and Healthcare (+22.7% YoY) will be tested against the ongoing transition drag in the TPP segment, which declined 17.2% YoY.

Key Things To Watch

Operational and Financial Metrics: Monitoring the underlying demand pulse and cost pressures.

Revenue growth in constant-currency terms to assess organic demand excluding FX volatility
Margin bridge analysis breaking down USD/INR tailwinds against wage inflation and subcontracting costs
DSO trajectory to see if receivables revert toward the guided 70–72 day range

Strategic Execution and M&A: Integration and pipeline updates following recent acquisitions.

Revenue contribution from the first full quarter of integrated SMC Squared and CyberSolve operations
Large-deal TCV booking trends and pipeline conversion timelines for CY2026
Update on the TPP segment transition and its impact on the overall revenue mix

Regulatory and Compliance: Tracking legacy impacts and new cost provisions.

Status of any remaining impact from the Labour Code provisions following the Rs. 1,111 Mn exceptional charge in Q3 FY2025-26

Frequently Asked Questions

How did Hexaware's revenue perform in its previous quarter?

Revenue reached Rs. 36,130 Mn in Q4 FY2025-26, representing a 12.6% YoY growth. This performance was supported by strong growth in the Banking and Healthcare verticals, though USD revenue growth of 4.6% for the full year remained below the company's target.

What is the status of Hexaware's working capital management?

Working capital faced pressure in Q4 FY2025-26 as DSO deteriorated to 75 days, exceeding the guided range of 70–72 days. This increase in receivables contributed to a negative operating cash flow of Rs. 76 Mn for the quarter.

Are recent acquisitions contributing to Hexaware's results?

The SMC Squared and CyberSolve acquisitions closed in H2 CY2025 and are now fully integrated into the company's operating results. Management is expected to provide commentary on how these additions are impacting revenue contribution and deal TCV in the current quarter.