Hexaware Technologies dropped 4.01% to Rs 219.10 at 12:05 IST on BSE after the consolidated net profit fell 15.3% to Rs 84.20 crore on 0.1% rise in revenue to Rs 820.20 crore in Q1 March 2016 over Q4 December 2015.
The result was announced after market hours yesterday, 4 May 2016.Meanwhile, the BSE Sensex was up 152.38 points, or 0.41%, to 25,255.64.
Surge in volumes was witnessed on the counter. On BSE, so far 6.66 lakh shares were traded in the counter, compared with an average volume of 75,306 shares in the past one quarter. The stock hit a high of Rs 220.40 and a low of Rs 206.50 so far during the day. The stock hit a 52-week low of Rs 202.90 on 24 August 2015. The stock hit a 52-week high of Rs 298 on 5 August 2015. The stock had underperformed the market over the past one month till 4 May 2016, falling 9.82% compared with Sensex's 1.17% fall. The scrip had also underperformed the market in past one quarter, declining 3% as against Sensex's 3.14% gains.
The mid-cap company has an equity capital of Rs 60.36 crore. Face value per share is Rs 2.
Hexaware Technologies' consolidated earnings before interest, tax, depreciation and amortization (EBITDA) excluding ESOP cost fell 3.3% to Rs 126.70 crore in Q1 March 2016 over Q4 December 2015.
Hexaware Technologies' board of directors declared payment of interim dividend of Rs 2.50 per share for the year ended 31 December 2016 (FY 2016).
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Hexaware is a leading global provider of IT, BPS and consulting services. The company focuses on key domains such as banking, financial services, capital markets, healthcare, insurance, travel, transportation, logistics, hospitality, manufacturing and consumer.
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