HEXT/SE/2025/78

Date: July 24, 2025

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 - 400 001 Symbol: HEXT Scrip Code:544362

Dear Sir/ Madam,

Subject: Outcome of the Board Meeting held on Thursday, July 24, 2025.

Ref: Our earlier intimation under reference no. HEXT/SE/2025/72 dated July 11, 2025.

Please take note of the following outcome of the Meeting of the Board of Directors of the Company, held on July 24, 2025:

a) The Board of Directors of the Company have approved the standalone and consolidated audited financial results for the quarter and half year ended June 30, 2025. A copy of the Audited Financial Results of the Company, along with a copy of the Auditors' Report are enclosed as Annexure A.
b) The Board of Directors have approved the change in Registered office address of the Company from "Building No.152, Millennium Business Park, Sector III, A Block TTC Industrial Area, Mahape, Navi Mumbai -400710" to "8th floor, 13th Level, Q1, Loma Co-Developers1 Private Limited, Plot no. Gen-4/1, TTC Industrial Area, Ghansoli, Navi Mumbai – 400710" with effect from August 01, 2025.
c) The Board of Directors have approved incorporation of wholly owned Subsidiary in Colombia, with an initial investment upto USD 2 Million, in one or more tranches. Additional information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be intimated in due course.
d) Press Release on Audited Financial Results for the Quarter & Half Year ended June 30, 2025, is enclosed as Annexure B.
e) Pursuant to SEBI circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, we are submitting herewith the Integrated Filing (Financial) for the quarter ended June 30, 2025

HEXAWARE TECHNOLOGIES LIMITED

Regd. Office: Bldg. No. 152, Millennium Business Park, Sector – III, 'A' Block, TTC Industrial Area, Mahape, Navi Mumbai - 400 710 (INDIA) | Tel: +91 022 3326 8585 | Email: [email protected] CIN: L72900MH1992PLC069662 | URL: www.hexaware.com

The meeting of the Board of Directors commenced at 06:40 p.m. IST and concluded at 7:44 p.m. IST.

Kindly take this communication on record.

Yours faithfully,

For Hexaware Technologies Limited

GUNJA N SUMIT METHI Digitally signed by GUNJAN SUMIT METHI Date: 2025.07.24 21:28:51 +05'30'

Gunjan Methi

Company Secretary and Compliance Officer

HEXAWARE TECHNOLOGIES LIMITED

A. FINANCIAL RESULTS- ANNEXURE A

B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC: Not Applicable

C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES

Sr No.	Particulars	Amount (in crores)
1	Loans / revolving facilities like cash credit from banks / financial	Nil
	institutions
A	Total amount outstanding as on date	Nil
B	Of the total amount outstanding, amount of default as on date	Nil
2	Unlisted debt securities i.e. NCDs and NCRPS	Nil
A	Total amount outstanding as on date	Nil
B	Of the total amount outstanding, amount of default as on date	Nil
3	Total financial indebtedness of the listed entity including short-term	Nil
	and longterm debt

D. FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS – FOR THE SIX MONTHS ENDED JUNE 30, 2025 -ANNEXURE C

E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONG-WITH ANNUAL AUDITED FINANCIAL RESULTS: Not Applicable

HEXAWARE TECHNOLOGIES LIMITED

Chartered Accountants

14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91(22)62571010

lndeoendent Auditor's Reoort

To the Board of Directors of Hexaware Technologies Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of Hexaware Technologies Limited ("Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended 30 June 2025 and for the period from 01 January 2025 to 30 June 2025, ("the Statement"), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate interim audited financial statements/financial information of the subsidiaries, the Statement:

a. includes the results of the entities mentioned in Annexure I to the Statement:
b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and
c. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 June 2025 and for the period from 01 January 2025 to 30 June 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of reports of the other auditors referred in the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results.

Management's and Board of Directors' Responsibilities for the Consolidated Financial Results

These quarterly consolidated financial results as well as the year to date consolidated financial results have been prepared on the basis of the consolidated interim financial statements.

The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profiU loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the

B SR & Co. (a partnership firm with Registration No. BA61223) converted into B SR & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Registered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 5

Independent Auditor's Report (Continued)

Hexaware Technologies Limited

Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Management and the Board of Directors of the companies included in the Group are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group is responsible for overseeing the financial reporting process of each company.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks , and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial statements/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial

Page 2 of 5

Independent Auditor's Report (Continued)

Hexaware Technologies Limited

statements/financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in the "Other Matter" paragraph in this audit report.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

Other Matter

The consolidated financial results include the audited financial results of Twenty two subsidiaries, whose interim financial statements/ financial information reflects total assets (before consolidation adjustments) of Rs. 24,518 million as at 30 June 2025, total revenue (before consolidation adjustments) of Rs. 10,322 million and Rs. 19,529 miilion, total net profit after tax (before consolidation adjustments) of Rs. 381 million and Rs. 837 million for the quarter ended 30 June 2025 and for the year-to-date period ended 30 June 2025 respectively, and net cash inflows (before consolidation adjustments) of Rs 518 million for the yearto-date period ended 30 June 2025, as considered in the consolidated financial results, which have been audited by their respective independent auditors. The independent auditor's reports on interim financial statements/financial information of these entities have been furnished to us.

Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above.

Our opinion on the consolidated financial results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022

Jaclyn Desouza Partner Membership No.: 124629 UDIN:25124629BMOQIO4820

Mumbai 24 July 2025

Page 3 of 5

Independent Auditor's Report (Continued) Hexaware Technologies Limited

Annexure I
	List of entities included in consolidated financial results.
Sr. No	Name of component	Relationship
	1 Hexaware Technologies Inc.	Subsidiary
	2 Hexaware Technologies, Mexico S. De. R.L. De. C.V.	Subsidiary
	3 Hexaware Technologies UK Ltd	Subsidiary
	4 Hexaware Technologies Asia Pacific Pte Limited	Subsidiary
	5 Hexaware Technologies GmbH	Subsidiary
	6 Hexaware Technologies Canada Limited	Subsidiary
	7 Hexaware Technologies Saudi LLC	Subsidiary
	8 Hexaware Technologies Hong Kong Limited	Subsidiary
	9 Hexaware Technologies Nordic AB	Subsidiary
	10 Hexaware Information Technologies (Shanghai) Company Limited	Subsidiary
	11 Mobiquity Inc	Subsidiary
	12 Mobiquity Velocity Solutions, Inc	Subsidiary
	13 Mobiquity Cooperatief U .A.	Subsidiary
	14 Mobiquity BV	• Subsidiary
	15 Mobiquity Consulting BV (formerly known as Morgan Clark BV)	Subsidiary
	16 Hexaware Technologies South Africa (Pty) Ltd	Subsidiary
	17 Hexaware Technologies ARG S.A.S.	Subsidiary
	18 Hexaware Technologies Belgium SRL	Subsidiary
	19 Hexaware Technologies SL (Private) Limited	Subsidiary
	20 Softcrylic LLC	Subsidiary
	21 Softcrylic Technologies Inc	Subsidiary
	22 Hexaware Nevada, Inc	Subsidiary
	23 Hexaware Information Technolgies SON. BHD.	Subsidiary
	24 Mobiquity Softech Private Limited	Subsidiary
	25 Softcrylic Technology Solutions India Private Limited	Subsidiary
	26 Hexaware Al Balagh Technologies LLC	Subsidiary
	27 Hexaware Novelty Technologies Ltd	Subsidiary

Page 4 of 5

Independent Auditor's Report (Continued) Hexaware Technologies Limited

Sr. No	Name of component	Relationship
28	Hexaware Technologies Services	Subsidiary

Hexaware Technologies Limited Registered Office: 152, M illennium Business Park, Sector Ill, 'A' Block. TTC Industrial Area, Mahapc, Navi Mumbai, Maharashtra • 4007 10, India

CIN: L72900MHl992PLC069662 Tel: (+91) 22 3326 8585 E-mail: [email protected] Website: www.hexaware.com

Audited Consolidated Interim Statement of Financial Results

(INR millions, exceptshareandper sharedata)

	For the quarter ended		For the six months ended		For the year ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
INCOME
Revenue from operations	32,607	32,079	29,355	64,686	56,843	119,744
Other income (Refer note 8)	1,600	44	296	1,644	401	749
TOTAL INCOME	34,207	32,123	29,651	66,330	57,244	120,493
EXPENSES
Employee benefits expense (Refer note 9)	19,078	18,622	17.247	37,700	33,362	69,649
Finance costs	209	224	124	433	227	660
Depreciation and amortisation expense (Refer note 11)	752	735	687	1,487	1,287	2,788
Other expenses (Refer note 10)	9,485	8,179	7,797	17,664	14,994	31,793
TOTAL EXPENSES	29,524	27,760	25,855	57,284	49,870	104,890
PROFIT BEFORE TAX	4,683	4,363	3,796	9,046	7,374	15,603

Tax expense
Current tax	794	1,233	981	2.027	1,935	3,734
Deferred tax charge / (credit)	92 886	(141) 1,092	69 1,050	(49) 1,978	(97) 1,838	129 3,863
Total tax expense
PROFIT FOR THE PERIOD/ YEAR	3,797	3,271	2,746	7,068	5,536	11,740
OTHER COMPREHENSIVE INCOME (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurement of defined benefit plan	(26)	(39)	(34)	(65)	(97)	(92)
Income tax relating to items that will not be reclassified to profit or loss				14	17	16
Items that w ill be recla ssified subsequently to profit or loss
Exchange differences on translating the financial statements of foreign operations	543	61	(183)	604	(176)	492
Net change in fair value of cash flow hedges	(243)	399	149	156	395	(365)
Income tax relating to items that will be reclassified to profit or loss	49	(80)	(30)	(31)	(80)	73
TOTAL OTHER COMPREHENSIVE INCOME/LOSS	329	349	(95)	678	59	124
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/YEAR	4,126	3,620	2,651	7,746	5,595	11,864

Profit for the period/year attributable to:
Shareholders of the Company	3,799 (2)	3,272 (1)	2,753 (7)	7,071 (3)	5,549 (13)	11,764 (24)
Non-controlling interests	3,797	3,271	2,74 6	7,068	5,536	11,740

Other Comprehensive Income/ (Losses) attributable to:		349	(95)	678	59	125
Shareholders of the Company Non-controlling interests	329					(1)
	329	349	(95)	678	59	124

Total comprehensive income for the period/year attributable to: Shareholders of the Company	4,128	3,621	2,658	7,749	5,608	11,889
Non-controlling interests	(2)	(1)	(7)	(3)	(13)	(25)
	4,126	3,620	2,651	7,746	5,595	11,864
Paid-up Equity share capital - Equity shares of face value of Re. 1 each	608	608	607	608	607	608
Other equity (Including non-controlling interests)						52,938

Earnings per share (INR) : Basic	6.25"	5.38'	4.54'	11.64'	9.14'	19.37
Diluted	6.15'	5.29'	4_53•	11.45'	9.13"	19.29
'Not annualised

Dividend per share (INR) :						8.75
Interim dividend on equity shares	5.75		4.25	5.75	4.25

11. represents value less than IN R 0.5 million

Hexaware Technologies Limited Audited Consolidated Interim Segment information

	For the quarter ended			For the six months ended
	June 30, 2025	M arch 31, 2025	June 30, 2024•	June 30, 2025	June 30, 2024*	For the year ended December 31, 2024 *
Segment Revenue
Travel and Transportation (T&T)	2,930	2,769	2,321	5,699	4,496	9,645
Financial Services (FS)	9,784	9,786	8,266	19,570	16,095	33,987
Banking	2,813	2,507	2,568	5,320	5,024	10,449
Healthcare & Insurance (H&I)	6,741	6,672	6,177	13,413	11,967	25,341
Hi-Tech and Professional Services (HTPS)	5,649	5,565	4,843	11,214	9,264	20,672
Manufacturing and Consumer (M & C)	4,690	4,780	5,180	9,470	9,997	19,650
Revenue from Operations	32,607	32,079	29,355	64,686	56,843	119,744
Segment Profit
Travel and Transportation (T&T)	1,267	1,263	909	2,530	1,786	3,864
Financial Services (FS)	3,238	3,255	2,586	6,493	5,061	10,578
Banking	1,107	1,030	979	2,137	1,890	3,919
Healthcare & Insurance (H&I)	2,663	2,614	2,463	5,277	4,472	9,476
Hi-Tech and Professional Services (HTPS)	2,317	2,264	1,837	4,581	3,503	8,060
Manufacturing and Consumer (M & C)	1,683	1,917	2,017	3,600	3,709	7,219
Segment Profit	12,275	12,343	10,791	24,618	20,421	43,116
Add :
E~change rate differences (net)	(137)	(137)	149	(274)	83	190
Other income (Excluding exchange rate differences)	1,737	181	147	1,918	318	559
Less:
Depreciation and amortisation	(752)	(735)	(687)	(1,487)	(1,287)	(2,788)
Finance costs	(209)	(224)	(124)	(433)	(227)	(660)
Unallocated corporate expenses	(8,231)	(7,065)	(6,480)	(15,296)	(11,934)	(24,814)
Profit before tax	4,683	4,363	3,796	9,046	7,374	15,603
Less : Tax Expense	(886)	(1,092)	(1,050)	(1,978)	(1,838)	(3,863)
Profit After Tax	3,797	3,271	2,746	7,068	5,536	11,740

The reportable operating segments have been identified taking into account the services offered to customers globally operating in different industry segments based on management approach. The Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on analysis of various performance indicators. The Group's organization structure reflects the industry segmentation.

Note:

'During the period ended June 30, 2024 and quarter ended March 31, 2025, there has been internal organization realignment, which has led to change in the calculation of Segment revenue & Segment Profit. Accordingly previous period numbers have been restated to confer the current reporting structure.

(INRmillions)

Audited Consolidated Interim Balance sheet

(INRmillions)

	As at	As at
	June 30, 2025	December 31, 2024
ASSETS Non-current assets
Property, plant and equipment	4,948
Capital work-in-progress	1,592	4,762 1,308
Right-of-use assets	5,515	5,596
Goodwill	23,910	23,871
Other intangible assets	2,531	3,366
Financial assets
Investments	5	4
Other financial assets	873	761
Deferred tax assets (net)	2,767	2,682
Income tax assets (net) Other non-current assets	415	464
Total non-current assets	1,642 44,198	1,620 44,434

Current assets Financial assets
Trade receivables
Billed	14,183	12,914
Unbilled	8,076	6,841
Cash and cash equivalents	19,086	19,766
Other bank balances	113	106
Other financial assets	802	605
Income tax assets (net)	187	191
Other current assets Total current assets	6,336 48,783	5,088
		45,511
TOTAL ASSETS	92,981	89,945
EQUITY AND LIABILITIES
Equity
Equity share capital Other equity	608	608
Equity attributable to shareholders of the Company	57,436 58,044	52,961 53,569
Non-controlling interests	(25)	(23)
Total equity	58,019	53,546
Non-current liabilities
Financial liabilities
Lease liabilities	4,716	4,703
Other financial liabilities	211	2,223
Provisions	1,088	752
Deferred tax liabilities (net)	11
Total non-current liabilities	6,026	7,678
Current liabilities
Financial liabilities
Lease liabilities	1,103	1,039
Trade payables	8,304	9,140
Other financial liabilities Other current liabilities	10,843 3,300	10,062 3,887
Provisions	2,637	2,416
Income tax liabilities (net)	2,749	2,177
Total current liabilities	28,936	28,721
Total liabilities	34,962	36,399

TOTAL EQUITY AND LIABILITIES	92,981	89,945

"represents value less than INR 0.5 million

Audited Consolidated Interim Statement of Cash Flows

(INR millions)

	For the six months ended
	June 30, 2025	June 30, 2024
Cash flow from operating activities
Profit before tax	9,046	7,374
Adjustments for:
Depreciation and amortisation expense	1,487	1,287
Employee stock option compensation cost	253	135
Interest income	(245)	(175)
Life time expected credit loss	851	88
Net (gains)/losses on investments carried at fair value through profit or loss	(56)	(125)
(Profit)/Loss on remeasurement/short closure of lease	(15)
(Profit)/Loss on sale of property, plant and equipment (PPE) (net)	(6)
Exchange rate difference (net) - unrealised	265	(25)
Impairment of customer contract associated with an earlier acquisition	394
Write-back of earnout payable towards an earlier acquisition	(1,587)
Finance costs	433	227
Operating profit before working capital changes	10,820	8,786
Adjustments for:
Trade receivables and other assets	(3,988)	(4,023)
Trade payables, other liabilities and provisions	(823)	(262)
Cash generated from operating activities	6,009	4,501
Direct taxes paid (net)	(1,444}	(1,234}
Net cash generated from operating activities	4,565	3,267
Cash flow from investing activities
Purchase of PPE and intangible assets including capital work-in-progress and capital advances	(880}	(644)
Proceeds from sale of property, plant and equipment	11	9
Purchase of investments	(7,302)	(12,450)
Proceeds from sale/redemption of investments	7,356	15,081
Payment towards acquisition of business (net of cash acquired)	(556) 310	(8,184) 123
Interest received Net cash used in investing activities	(1,061)	(6,065)

Cash flow from financing activities
Proceeds from issue of shares / share application money Payment towards lease liabilities including interest on lease liabilities	(798)	(614)
Proceeds from short term borrowing		2,085
Repayment of short term borrowing		(2,085)
Interest paid	(120)	(73)
Dividend paid	(3,494)	(2,580)
Net cash used in financing activities	(4,412)	(3,267)
Net decrease in cash and cash equivalents	(908)	(6,065)
Cash and cash equivalents at the beginning of the period	19,766	17,734
Exchange difference on translation of foreign currency cash and cash equivalents	228	(60)
Cash and cash equivalents at the end of the period	19,086	11,609

" represents value less than INR 0.5 million

Select explanatory notes to the Audited Consolidated Interim Statement of Financial Results

1 The Audited Consolidated Interim Statement of Financial Results for the quarter and six months ended June 30, 2025 have been prepared in accordance with Ind AS 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 20 13 read with Companies (Indian Accounting Standards) Rules as amended from time to time.

The resu lts have been prepared in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

2 These results have been reviewed by the Audit Committee and have been approve d for issue by the Board of Directors at its meeting held on July 24. 2025. The statutory auditors have expressed an unmodified audit opinion on these results.

3 The equity shares of the Company were re-listed on National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") from February 19, 2025.

4 203,144 equity shares of face value of Re. 1 each were issued during t he six months ended June 30, 2025 and 53,144 equity shares of face value of Re. 1 each were issued during th e quarter ended June 30, 2025 on exercise of employee stock options in accordance w ith the company's employee stock option schemes .
5 During the quarter ended June 30, 2025 the Company has issued to company's ESOP trust, 1,085,000 equity shares of Re. 1 each at INR 382.5 per share. The said shares are outstanding as at June 30, 2025 and have been excluded while calculating weighted average shares for EPS.

6 On April 04, 2025, the Board of Directors of the Company have declared an interim dividend of INR 5.75 per share in respect of the quarter ended March 31, 2025 and the same was paid on April 23, 2025.

7 During the quarter ended June 30, 2025, Hexaware Technologies Services (Egypt) was incorporated wet May 11, 2025.

8 Other income includes:

						(INR mlllions)
	For the quarter ended			For the six months ended		For the year ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024 •	December 31, 2024"
Gain/ (loss) due to Exchange rate difference	(137)	(137)	149	(274)	83	190
W rite-back of earnout payable towards an earlier acquisition	1,587			1,587
Total	1,450	(137)	149	1,313	83	190
' Includes gain of INR 22 million transferred from FCTR to Profit & Loss on account of liquidation of Hexaware Technologies LLC (Russia Subsidiary).

9 Employee benefits expense includes:

						{INRmillions)
		For the quarter ended			For the six months ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	For the year ended December 31, 2024
Employee stock option compensation cost	137	116	91	253	135	353
Non-recurring Employee benefit and severance cost s	328		424	328	424	465
Enterprise Resource Planning (ERP) Transformation cost	107	107	107	214	201	462
Total	572	223	622	795	760	1,280

10 Other expenses includes:

						(INRmillions)
		For the quarter ended			For the six months ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Specific provisions for customers	782			782
Specific provisions for onerous vendor contracts					96	96
Enterprise Resource Planning (ERP) Transformation cost	120	87	94	• 207	177	384
Acquisition related costs	128		300	128	306	334
IPO Related Costs						9
Regulatory Fees paid						• 170
Impairment of customer contract associated w ith an earlier acquisition	394			394
Total	1,424	87	394	1,511	579	993

11 Depreciation and amortisation expense includes:

						(INR millions)
	For the quarter ended			For the six months ended	For the year ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Amortisation of intangible assets acquired in business combination	220	227	196	_____ 4_47_	311	743
Total	220	227	196	---- 447	311	743
				- -

12 On 1uly 17, 2025, the Company along with its wholly owned subsidiary acquired 100% ownership interest of SMC Squared, LLC and its subsidiaries (together referred as "SMC"). The total consideration, all in cash, is estimated to be upto USO 120 million, comprising of USO 45 million upfront payout. uplo USO 45 million of earnouts and upto USO 30 million oulperformance earnout bonus, subject to certain customary adjustments on cash, debt and taxes.

By acquiring SMC, Hexaware gains established GCC expertise, capability lo extend SMC's offerings to our broader client base, including existing Hexaware customers, enhanced va lue proposition by integrating SMC's GCC setup capabilities w ith Hexaware's strengths in Al, analytics, cloud transformation, modernization, and enterprise plat forms. This collaboration combines SMC's deep GCC expertise with Hexaware's technology-led delivery model to offer world·class GCC operations and attract top-tier tech talent.

The Company is currently in the process of finalizing the accounting for this transaction and expect to complete our preliminary allocation of the purchase consideration to th e assets acquired and liabilities assumed within one year from the dale of acauisition.

13 The resu lts for the quarter and six months ended June 30, 2025, are available on the BSE Limited webs ite (URL: www.bseindia.com), the National Stock Exchange of India Limited website (U RL: www.nseindia.com) and on the Company's website (U RL: www.hexaware.com/ investor-relations).

For and on behalf of the Board of Directors of HEXAWARE TECHNOLOGIES LIMITED CIN: L72900MH 1992PLC069662

R. Srikrishna DIN 03160121 Place: M umbai Date: July 24, 2025

Chartered Accountants

14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Western Express Highway Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010

lndeoendent Auditor's Reoort

To the Board of Directors of Hexaware Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying standalone quarterly financial results of Hexaware Technologies Limited ("the Company") for the quarter ended 30 June 2025 and the year-to-date results for the period from 01 January 2025 to 30 June 2025, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of the net profit, other comprehensive loss and other financial information for the quarter ended 30 June 2025 and net profit, other comprehensive income and other financial information for the year to date results for the period from 01 January 2025 to 30 June 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion.

Management's and Board of Directors' Responsibilities for the Standalone Financial Results

These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements.

The Company's Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are

B SR & Co. (a partnership firm with Registration No. BA61223) converted into B SR & Co. LLP (a Limited Liabi lity Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing , Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3

Registered Office:

Independent Auditor's Report (Continued) Hexaware Technologies Limited

free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financial results , whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Page 2 of 3

Regist«ed Office, 152. MILLEN IUM BUSINESS PARK, SECTOR 3R TTC INDUSTRIAL AREA MAHAPE, NAVI MUMBAI MH 400710 INDIA

CIN: L72900MH1992PLC069662

Tel: (+91) 22 3326 8585 E-mail: [email protected] Website: www.hexaware.com Audited Standalone Interim Statement of Financial Results

		For the quarter ended			For the si x month ended	For the Year ended
	June 30, 202S	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
INCOME
Revenue from operations	18,178	17,641	15,734	35,819	29,415	62,887
Other income (Refer note 8)	1,717	22	162	1739	295	491
TOTAL INCOME	19,895	17,663	15,896	37,558	29,710	63,378
EXPENSES
Employee benefits expense (Refer note 9)	8,257	7,776	7,502	16,033	14,204	29,710
Finance costs	155	184	78	339	142	508
Depreciation and amortisation expense (Refer note 11)	356	350	316	706	631	1,367
Other expenses (Refer note 10)	7,346	6,246	5,450	13,592	9,638	21,430
TOTAL EXPENSES	16,114	14,5S6	13,346	30,670	24,61S	53,015
PROFIT BEFORE TAX	3,781	3,107	2,550	6,888	5,095	10,363
Tax expense
Current tax	512	709	689	1221	1223	2,287
Deferred tax charge / (credit)	(12)		(20)	(6)	(37)	236
Total tax expense	SOO	715	669	1,215	1,186	2,523
PROFIT FOR THE PERIOD/YEAR	3,281	2,392	1,881	5,673	3,909	7,840
OTHER COMPREHENSIVE INCOME (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurement of defined benefit plan	(27)	(39)	(34)	(66)	(87)	(82)
Income tax relating to items that will not be reclassified to profit or loss				14	14	13
Items that will be reclassified subsequently to profit or loss
Net change in fa ir value of cash flow hedges	(243)	399	141	156	368	(365)
Income tax relating to items that will be reclassified to pro fit or loss	49	(80)	(29)	(31)	(74)	73
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS)	(215)	288	81	73	221	(361)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD/ YEAR	3,066	2,680	1,962	5,746	4,130	7,479


Paid-up Equity share capital • Equity shares of face value of Re. 1 each Other equity	608	608	607	608	607	608 30,912
Earnings per share: (INR)
Basic	5.40"	3.94'	3.10"	9.34'	6.44"	12.91
Diluted	5.31'	3.87'	3. 10'	9.19'	6.43'	12.86
• Not Annualised
Dividend per share: (INR)

Interim dividend on equity shares	5.75		4.25	5.75	4.25	8.75

Audited Standalone Interim Balance Sheet

	As at	As at
	June 30, 2025	December 31, 2024

ASSETS
Non-current assets
Property, plant and equipment Capital work-in-progress	4,456 1,600	4,454 1,294
Right-of-use assets		4,157
Goodwill	3,936
Other intangible assets	115 49	115 54
Financial assets:
Investments	15,967	15,962
Other financial assets	724	614
Deferred tax assets (net)	1,310	1,321
Income tax assets (net)	331	393
Other non-current assets	696	651
Total non-current assets	29,184	29,015
Current assets
Financial assets:
Investments		428
Trade receivables
Billed	9,354	8,810
Unbilled	5,619	4,403
Cash and cash equivalents	8,060	7,763
Other bank balances	113	106
Other financial assets	1,137	799
Other ·current assets	2,892	2,649
Total current assets	27,175	24,958
TOT AL ASSETS	56,359	53,973
EQUITY AND LIABILITIES
Equity
Equity share capital	608	608
Other equity	33,384	30,912
Total equity	33,992	31,520
Non-current liabilities
Financial liabilities: Lease liabilities	3,247	3,437
Other financial liabilities	211	2,223
Provisions	978	724
Total non-current liabilities	4,436	6,384
Current liabilities
Financial liabilities:
Lease liabilities	659	600
Trade payables
Dues of micro enterprises and small enterprises	34	42
Dues of other than micro enterprises and small enterprises	7,371	5,905
Other financial liabilities	6,114	5,612
Other current liabilities	1,220	1,707
Provisions	1,177	1,203 1,000
Income tax liabilities (net)	1,356
Total current liabilities	17,931	16,069
Total liabilities	22,367	22,453
TOTAL EQUITY AND LIABILITIES	56,359	53,973

Audited Standalone Interim Statement of Cash Flows

	For the six month ended
	June 30, 2025	June 30, 2024
Cash flow from operating activities
Profit before tax	6,888	5,095
Adjustments for:
Depreciation and amortization expense	706	631
Employee stock option compensation cost	72	135
Interest income	(159)	(135)
Life time expected credit loss	16	81
Write back of earnout payable related towards earlier acquisition	(1,587)
Net (gains)/losses on investments carried at fair value through profit or loss	(56)	(125)
Profit on short closure of lease	(2)
Profit on sale of property, plant and equipment (PPE) (net)	(6)
Exchange rate difference (net) - unrealised	28	(13)
Exchange rate difference (net) - realised	(7)
Finance costs	339	142
Operating profit before working capital changes Adjustments for:	6,232	5,811
Trade receivables and other assets	(2,291)	(3,712)
Trade payables, other liabilities and provisions	1,756	373
Cash (used in) / generated from operations	5,697	2,472
Direct taxes paid (net)	(811)	(690)
Net cash (used in) / generated from operating activities	4,886	1,782
Cash flow from investing activities
Purchase of PPE and intangible assets including CWIP and capital advances	(671)	8
Proceeds from sale of property, plant and equipment	9	7
Purchase of investments	(7,300)	(12,450)
Proceeds from sale I redemption of investments	7,356	15,081
Redemption of Debentures	435	2,505
Investment in subsidiaries	(560)	(8,386)
Interest received	225	82
Net cash generated from / (used in) investing activities	(506)	(3,153)
Cash flow from financing activities
Proceeds from issue of shares I share application money
Payment towards lease liabilities including interest on lease liabilities	(507)	(325)
Interest paid Dividend paid	(76) (3,494)	(28) (2,580)
Net cash used in from financing activities	(4,077)	(2,933)
Net increase/ (decrease) in cash and cash equivalents	303	(4,304)
Cash and cash equivalents at the beginning of the period	7,763	8,986
Exchange difference on translation of foreign currency cash and cash equivalents	(6)	1
Cash and cash equivalents at the end of the period	8,060	4,683

" represents amounts less than INR 0.5 million.

(INR in millions)

Select Explanatory notes to the Audited Standalone Interim Statements of Financial Results

1 The Audited Standalone Interim Statement of Financial Results for the quarter ended and six-months ended June 30, 2025 have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS") 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards} Rules as amended from time to time. The results have been prepared in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements} Regulations 2015.
2 These results have been reviewed by the Audit Committee and have been approved for issue by the Board of Directors at its meeting held on July 24, 2025. The statutory auditors have expressed an unmodified audit opinion on these results.
3 The equity shares of the Company were re-listed on National Stock Exchange of India Limited ("NSE'') and BSE Limited ("BSE") from February 19, 2025.
4 203,144 equity shares of face value of Re. 1 each were issued during the six months ended June 30, 2025 and 53,144 equity shares of face value of Re. 1 each were issued during the quarter ended June 30, 2025 on exercise of employee stock options in accordance with the company's employee stock option schemes.
5 During the quarter ended June 30, 2025 the company has issued to Company's ESOP trust 10,85,000 equity shares of Re. 1 each at Rs. 382.5 per share. The said shares are outstanding as at June 30, 2025 and have been excluded while calculating weighted average shares for EPS.
On April 04, 2025, the Board of Directors of the Company have declared an interim dividend of INR 5.75 per share in respect of the quarter ended March 31, 2025 and the same was paid on April 23, 2025.
During the quarter ended June 30, 2025, Hexaware Technologies Services (Egypt) was incorporated w.e.f May 11, 2025.

8 Other income includes:

	For the Quarter ended			For the six month ended	For the year ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Gain/ (loss) due to Exchange rate difference	17	(105)	49	(88)		33
Write back of earnout payable related towards earlier acquisition	1,587			1,587
	1,604	(105)	49	1,499		33

9 Employee benefits expense includes:

		For the Quarter ended			For the six month ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Employee stock option compensation	26	46	91	72	135	146
Non-recurring Employee benefit and severance costs	328		424	328	424	424
Enterprise Resource Planning (ERP) Transformation cost	106	106	107	212	201	446
Total	460	152	622	612	760	1,016

10 Other expenses includes:

		For the Quarter ended			For the six month ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Enterprise Resource Planning (ERP} Transformation cost	120	87	94	207	178	383
Acquisition related costs	128		110	128	110	117
IPO Related Costs
Regulatory Fees paid						170
Total	248	87	204	335	288	679

11 Depreciation and amortisation expense includes:

		For the Quarter ended		For the six month ended	For the year ended
	June 30, 2025	March 31, 2025	June 30, 2024	June 30, 2025	June 30, 2024	December 31, 2024
Amortisation of intangible assets acquired in business combination						10
Total						10

12 On July 17, 2025, the Company along with its wholly owned subsidiary acquired 100% ownership interest of SMC Squared LLC and its subsidiaries (together referred as "SMC"). The total consideration, all in cash, is estimated to be upto USO 120 million, comprising of USO 45 Million upfront payout, upto USO 45 Million of earnouts and upto USO 30 Million out performance earnout bonus, subject to certain customary adjustments on cash, debt and taxes. By acquiring SMC, Hexaware gains established GCC expertise, capability to extend SMC's offerings to our broader client base, including existing Hexaware customers, enhanced value proposition by integrating SMC's GCC setup capabilities with Hexaware's strengths in Al, analytics, cloud transformation, modernization, and enterprise platforms. This collaboration combines SMC's deep GCC expertise with Hexaware's technology-led delivery model to offer world-class GCC operations and attract top-tier tech talent.

The company is currently in the process of finalizing the accounting for this transaction and expect to complete our preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed within 1 year from the date of acquisition.

13 The results for the quarter ended June 30, 2025, are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of India Limited website (URL:www.nseindia.com) and on the Company's website (URL: www.hexaware.com/ investor-relations).

For and on behalf of the Board of Directors of HEXAWARE TECHNOLOGIES LIMITED

Place: Mumbai

Date: July 24, 2025

Hexaware

FOR IMMEDIATE RELEASE

Hexaware Delivers Solid Q2CY25 Revenue of USD 382.1 Mn, Up 8.6% YoY Q2CY25 EBITDA Expansion of 156 bps YoY Q2CY25 EPS at INR 6.25 Increase of 37.7% YoY

Mumbai, July 24, 2025 – Hexaware Technologies (NSE: HEXT), a leading global provider of IT solutions and services, today announced financial results for the second quarter of calendar year 2025 ended June 30, 2025.

Financial Summary and Highlights

		USD Mn			INR Mn
	Q2CY25	QoQ (%)	YoY (%)	Q2CY25	QoQ (%)	YoY (%)
Revenue	382.1	2.8%	8.6%	32,607	1.6%	11.1%
EBITDA	65.9	6.1%	19.4%	5,644	6.1%	22.5%
PAT	44.3	15.6%	35.0%	3,797	16.1%	38.3%

	Q2CY25
Constant Currency Growth	QoQ %	YoY %
Revenue	1.3%	7.5%

Revenue:

Q2CY25: USD 382.1 Mn | INR 32,607 Mn
o USD: +2.8% QoQ and +8.6% YoY | INR: +1.6% QoQ and +11.1% YoY
o Constant Currency: +1.3% QoQ and +7.5% YoY

Profitability:

Reported EBITDA(1):
o Q2CY25: 17.2% | +53 bps QoQ & +156 bps YoY in % terms
o +6.1% QoQ & +19.4% YoY in absolute terms
Basic EPS:
o Q2CY25: INR 6.25 | +16.2% QoQ & +37.7% YoY

Key Client Metrics:

Hexaware Ranked #1 in Service Delivery in the 2025 Whitelane Research IT Sourcing Study for UK & Ireland
Scaled 1 more customer to USD 50 Mn+ category taking the total count to 4 on Q2'25 LTM basis

Key People Metrics:

Closing Headcount: 32,410, LTM net headcount addition of 540
Voluntary Arition for IT(2): 11.1%
Q2CY25 Utilization Rate for IT(3): 83.7%

Other Key Metrics:

DSO (Billed + Unbilled) at 73 in Q2CY25, of which Billed is 40
LTM Q2CY25 Adjusted Cash Conversion % at 75.5%(4)
Strong Cash and Cash Equivalents position as of 30th June 2025(5) INR 19,248 Mn

Leadership Speak

"In a diicult global macro environment, we had a solid quarter of execution on revenue, profitability and booking. More importantly, we continue to invest to make a rapid pivot to lead our customers into an AI-powered future."

R. Srikrishna, CEO

"This quarter reflects our continued momentum, marked by healthy YoY revenue growth, solid margin execution, and outstanding cash flow conversion. Our eective tax rate remains among the best in the industry."

Vikash Jain, CFO

Notes: (1) EBITDA in USD terms (2) Voluntary attrition rate for the IT service line is calculated as the total number of IT business professionals and support function professionals who left the company voluntarily during a period, divided by the average number of IT business professionals and support function professionals during the period, computed on a trailing twelve-month basis. (3) Utilization rate for IT is calculated as the total hours IT business professionals spend on customer-billed assignments, divided by the total available base hours. IT business professionals designated as Mavericks (campus hires) are included in the utilization computation after the completion of an initial training period of up to four months. (4) LTM OCF / Reported EBITDA – 79.4% (5) Includes restricted cash balance.

Financial Performance

Revenue Performance by Vertical

In USD Million	Q2CY25 QoQ	Q2CY25 YoY
Financial Services	1.1%	15.7%
Healthcare and Insurance	2.1%	6.6%
Manufacturing and Consumer	-0.6%	-11.5%
High Tech and Professional Services	2.9%	14.1%
Banking	13.5%	7.1%
Travel and Transportation	7.2%	23.4%
Total Revenue	2.8%	8.6%

Revenue Performance by Geography

In USD Million	Q2CY25 QoQ	Q2CY25 YoY
Americas	1.7%	10.3%
Europe	7.9%	7.9%
Asia Pacific	2.2%	-8.3%
Total Revenue	2.8%	8.6%

Key Wins

Legacy modernization leveraging RapidX™ for a major airline and a large financial institution
App modernization using Amaze® for an international healthcare company based in Australia
Strengthened sales execution of the global wealth business of a large private equity firm, leveraging Salesforce
App modernization using Amaze® for a top 5 global bank
AI-driven services for Enterprise Product Development, Assurance Services, and Cloud Ops for a large US-based fintech firm
Cloud consolidation for a global supply chain management and logistics services company in the US
Multiple AI and ERP deals with a large property management company in the US
Azure migration for a leading insurance provider in Belgium

Condensed Consolidated Statements of Financial Position

Consolidated Statement of Profit and Loss – Quarterly

					Change
In INR million unless stated otherwise	Q2CY25	Q1CY25	Q2CY24	QoQ (%)	YoY (%)
Revenue (USD Mn)	382.1	371.5	351.8	2.8%	8.6%
Revenue – Constant Currency				1.3%	7.5%
Revenue (INR Mn)	32,607	32,079	29,355	1.6%	11.1%
Other Income(1)	1,600	44	296	3,536.4%	440.5%
Total Income	34,207	32,123	29,651	6.5%	15.4%
(-) Employee Benefits Expense(2)	19,078	18,622	17,247	2.4%	10.6%
(-) Other Expenses(3)	9,485	8,179	7,797	16.0%	21.6%
EBITDA	5,644	5,322	4,607	6.1%	22.5%
EBITDA Margin (%)	17.3%	16.6%	15.7%	72 bps	162 bps
(-) / + Adjustments	259	129	869	100.8%	(70.2%)
Adjusted EBITDA	5,903	5,451	5,476	8.3%	7.8%
Adjusted EBITDA Margin (%)	18.1%	17.0%	18.7%	111 bps	-55 bps
(-) D&A	752	735	687	2.3%	9.5%
EBIT	4,892	4,587	3,920	6.6%	24.8%
EBIT Margin (%)	15.0%	14.3%	13.4%	70 bps	165 bps
(-) Finance Costs	209	224	124	(6.7%)	68.5%
Profit before Tax	4,683	4,363	3,796	7.3%	23.4%
Total Tax Expense	886	1,092	1,050	(18.9%)	(15.6%)
Reported Profit	3,797	3,271	2,746	16.1%	38.3%
Reported Profit Margin (%)	11.6%	10.2%	9.4%	145 bps	229 bps
Adjusted Profit	3,863	3,587	3,576	7.7%	8.0%
Adjusted Profit Margin (%)	11.8%	11.2% 12.2%		67 bps	-33 bps
Basic EPS (INR)	6.25	5.38	4.54	16.2%	37.7%
Adjusted EPS (INR)	6.36	5.90	5.90	7.8%	7.8%

(1) Other Income includes write-back of earnout payable towards an earlier acquisition amounting INR 1,587 Mn for Q2CY25 (2) Employee Beneϐit Expenses includes nonrecurring employee beneϐit and severance cost amounting INR 328 Mn for Q2CY25 (Q2CY24: INR 424 Mn) (3) Other Expenses includes acquisition-related cost, speciϐic provisions for customer, and impairment of customer contract associated with an earlier acquisition amounting INR 128 Mn, INR 782 Mn, and INR 394 Mn, respectively for Q2CY25. For comparative purposes, Other Expenses for Q2CY24 includes acquisition-related cost and provision for onerous vendor contracts related to lease agreement amounting to INR 300 Mn and INR 96 Mn, respectively.

Consolidated Balance Sheet Statement

		As of period ending
In INR million	Jun'25	Dec'24
Assets
Property, plant and equipment and intangible assets	7,479	8,128
Right-of-use assets	5,515	5,596
Goodwill	23,910	23,871
Capital work-in-progress	1,592	1,308
Deferred tax assets (net)	2,767	2,682
Other non-current assets and other investments	2,418	2,338
Trade receivables and unbilled revenue	26,445	22,531
Other current assets	3,607	3,568
Cash and cash equivalents (inc. restricted)	19,248	19,923
Total Assets	92,981	89,945
Equity and Liabilities
Equity	608	608
Other equity and reserves	57,436	52,961
Non-controlling Interests	(25)	(23)
Total Equity	58,019	53,546
Non-current liabilities	211	228
Deferred tax liabilities (net)	11	0
Lease liabilities	5,819	5,742
Trade payables	8,304	9,140
Other current liabilities	14,824	13,981
Deferred consideration	2,068	4,140
Provisions	3,725	3,168
Total Liabilities	34,962	36,399
Total Equity and Liabilities	92,981	89,945

Consolidated Statement of Cash Flows

In INR million unless stated otherwise	H1CY25	H1CY24
Profit before tax	9,046	7,374
D&A, ESOP cost, Finance cost & other items	1,774	1,412
Changes in working capital	(4,811)	(4,285)
Taxes	(1,444)	(1,234)
Net cash (used in) / generated from operating activities (OCF)	4,565	3,267
Capex	(869)	(635)
Investment in MFs and Interest on Fixed Deposits	364	2,754
Payment towards acquisition of business	(556)	(8,184)
Net cash used in investing activities	(1,061)	(6,065)
Proceeds from issue of shares	0	0
Borrowings and lease payments	(918)	(687)
Dividend paid	(3,494)	(2,580)
Net cash used in financing activities	(4,412)	(3,267)

Net cash flow	(908)	(6,065)

Conference Call Information

Hexaware Technologies will host its Q2 financial earnings conference call for CY 2025 on July 25, 2025, at 7:30 AM (IST) for investors and analysts following the announcement of the results to the stock exchanges.

Please find below the options to join the conference call.

Option 1 – Webcast

Participants who would like to join the video webcast can use the below link for registration:

hps://hexaware-q2-earnings.open-exchange.net/

The session will include a live Q&A opportunity, and a recording will be available on the Company's website a few hours after the call concludes.

Option 2 – Dial In (Listen Only)

Please join the call 5–10 minutes early to ensure that you are connected to the call on time.

To join the listen-only line, kindly use the dial-in ID and passcode provided below:

Webinar ID: 974 8239 6952

Password: 498905

Location	Phone Number
India	 +91 806 480 2722,
	 +91 80 71 279 440
	Toll Free:
	 000 800 001 4002
Singapore	 +65 3165 1065
	Toll Free:
	 800 101 3814
Hong Kong	 +852 5803 3731
	Toll Free:
	 800 931 189
United Arab Emirates	Toll Free:
	 800 035 704 555
United Kingdom	 +44 208 080 6592
	Toll Free:
	 0 800 260 5801
United States	 +1 301 715 8592
	Toll Free:
	 877 853 5247

More international numbers available: https://openexc.zoom.us/u/ahWAunEKG

Additionally, the investor presentation and call transcript will be made available on the Company's website at www.hexaware.com.

About Hexaware

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 every aspect of our solutions and have created a suite of platforms and tools that allow our customers to adapt, innovate, and optimize in this AI-first era. We serve a diverse range of customers, including 31 Fortune 500 organizations. With a team of 32,410 employees in 28 countries, our presence is spread across major countries, nationalities, languages, time zones, and regulatory zones. For more information, please visit hps://hexaware.com/

Forward-looking Statements

Certain statements in this press release concerning our future growth prospects are forwardlooking statements, which involve a number of risks and uncertainties that could cause actual results to dier materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may aect our cost advantage, wage increases, our ability to aract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies, and unauthorized use of our intellectual property and general economic conditions aecting our industry. The Company may, from time to time, make additional wrien and oral forward statements. We do not undertake to update any forward statements that may be made from time to time by us or on our behalf unless required under the law.

Disclaimer

Use of Non-GAAP Financials

Hexaware has included certain non-GAAP financial measures in this presentation to supplement Hexaware's consolidated financial statements presented on a GAAP basis. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hexaware's results as reported under GAAP.

The non-GAAP financial information that we provide also may dier from the non-GAAP information provided by other companies. We compensate for the limitations on our use of these non-GAAP financial measures by relying primarily on our GAAP financial statements and using non-GAAP financial measures only supplementally. We have provided reconciliation of non-GAAP earnings to the most directly comparable GAAP earnings, and we encourage investors to review those reconciliations carefully.

We believe that providing these non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency. We further believe that providing this information beer enables investors to understand Hexaware's operating performance and financial condition.

Rounding o

Certain amounts and percentage figures included in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures preceding them.

Investor Relations Contact:

Niraj Khemka Head of Investor Relations [email protected]

Media Contact:

Reena Kamble Hexaware Technologies Limited [email protected]

Annexure C

Related Party Disclosures

							Value of the related party					Remarks on	Value of	In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments
Name	PAN	Details of the counterparty	PAN	Relationship of the counterparty with the listed entity or its subsidiary	Type of related party transaction	Details of other related party transaction	transaction as approved by the audit committee	approval by audit committee	during the reporting period	Opening balance Closing balance		Nature of indebtedness (loan/ issuance of debt/ any other etc.)	Details of other indebtedness Cost Tenure	Nature (loan/ advance/ intercorporate deposit/ investment)	Interest Rate (%)	Purpose for which the Tenure Secured/ funds will be utilised by unsecured the ultimate recipient of funds (endusage)
1 Hexaware Technologies Limited AABCA3203F		Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z	Subsidiary of Holding Company	Purchase of goods or services			Approved 200	17.37	-	-
2 Hexaware Technologies Limited AABCA3203F 3 Hexaware Technologies Limited AABCA3203F		Hexaware Information Technologies (Shanghai) Company Limited Hexaware Technologies Asia Pacific Pte. Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Purchase of goods or services Purchase of goods or services			Approved 100 Approved 100	17.46 36.71	- -	- -
4 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies GmbH.	ZZZZZ9999Z	Wholly Owned Subsidiary	Purchase of goods or services			Approved 2,000	926.24	-	-
5 Hexaware Technologies Limited AABCA3203F 6 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Hong Kong Ltd Hexaware Technologies Inc.	ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Purchase of goods or services			Approved 100	23.39	-	-
7 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies SL (Private) Limited	AADCH1466M ZZZZZ9999Z	Wholly Owned Subsidiary	Purchase of goods or services Purchase of goods or services			Approved 18,000 Approved 100	7,081.57 23.09	- -	- -
8 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies South Africa (Pty) Ltd	ZZZZZ9999Z	Wholly Owned Subsidiary	Purchase of goods or services			Approved 250	21.17	-	-
9 Hexaware Technologies Limited AABCA3203F 10 Hexaware Technologies Limited AABCA3203F		Mobiquity BV Mobiquity Consulting BV	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Purchase of goods or services Purchase of goods or services			Approved 2,500 Approved 1,200	198.56 95.80	- -	- -
11 Hexaware Technologies Limited AABCA3203F		Mobiquity Inc	ZZZZZ9999Z	Wholly Owned Subsidiary	Purchase of goods or services			Approved 1,200	564.06	-	-
12 Hexaware Technologies Limited AABCA3203F		Mobiquity Softech Private Limited	AAACX0890N	Wholly Owned Subsidiary (Indian)	Purchase of goods or services			Approved 2,000	772.24	-	-
13 Hexaware Technologies Limited AABCA3203F 14 Hexaware Technologies Limited AABCA3203F		Softcrylic Technology Solutions India Pvt. Ltd Hexaware Al Balagh Technologies LLC	AAGCS9743M ZZZZZ9999Z	Wholly Owned Subsidiary (Indian) Subsidiary of Holding Company	Purchase of goods or services Sale of goods or services			Approved 700 Approved 1,000	252.11 194.43	- -	- -
15 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Asia Pacific Pte. Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Sale of goods or services			Approved 800	3.31	-	-
16 Hexaware Technologies Limited AABCA3203F 17 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Belgium SRL Hexaware Technologies Canada Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Sale of goods or services			Approved 2,800	842.54	-	-
18 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies GmbH.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary	Sale of goods or services Sale of goods or services			Approved 800 Approved 1,800	175.11 383.56	- -	- -
19 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Nordic AB	ZZZZZ9999Z	Wholly Owned Subsidiary	Sale of goods or services			Approved 200	84.48	-	-
20 Hexaware Technologies Limited AABCA3203F 21 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Saudi LLC Hexaware Technologies UK Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Sale of goods or services Sale of goods or services			Approved 1,500 Approved 10,000	370.27 1,738.34	- -	- -
22 Hexaware Technologies Limited AABCA3203F		Mobiquity BV	ZZZZZ9999Z	Wholly Owned Subsidiary	Sale of goods or services			Approved 1,500	78.50	-	-
23 Hexaware Technologies Limited AABCA3203F		Softcrylic LLC	ZZZZZ9999Z	Wholly Owned Subsidiary	Sale of goods or services			Approved 1,000	381.87	-	-
24 Hexaware Technologies Limited AABCA3203F 25 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Asia Pacific Pte. Ltd. Hexaware Technologies Belgium SRL	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Recovery of Expense Recovery of Expense		Not Applicable Not Applicable	0.33 0.01	- -	- -
26 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Canada Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Recovery of Expense		Not Applicable	5.98	-	-
27 Hexaware Technologies Limited AABCA3203F 28 Hexaware Technologies Limited AABCA3203F		Softcrylic LLC Hexaware Technologies Inc.	ZZZZZ9999Z AADCH1466M	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Recovery of Expense Recovery of Expense		Not Applicable Not Applicable	10.08 149.40	- -	- -
29 Hexaware Technologies Limited AABCA3203F		Softcrylic Technology Solutions India Pvt. Ltd	AAGCS9743M	Wholly Owned Subsidiary (Indian)	Any other transaction	Recovery of Expense		Not Applicable	1.18	-	-
30 Hexaware Technologies Limited AABCA3203F 31 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Nordic AB Hexaware Technologies Saudi LLC	ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction	Recovery of Expense		Not Applicable	1.13	-	-
32 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies UK Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction Any other transaction	Recovery of Expense Recovery of Expense		Not Applicable Not Applicable	1.10 29.83	- -	- -
33 Hexaware Technologies Limited AABCA3203F		Mobiquity BV	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Recovery of Expense		Not Applicable	2.12	-	-
34 Hexaware Technologies Limited AABCA3203F 35 Hexaware Technologies Limited AABCA3203F		Mobiquity Inc Mobiquity Softech Private Limited	ZZZZZ9999Z AAACX0890N	Wholly Owned Subsidiary Wholly Owned Subsidiary (Indian)	Any other transaction Any other transaction	Recovery of Expense Recovery of Expense		Not Applicable Not Applicable	1.81 0.81	- -	- -
36 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Inc.	AADCH1466M	Wholly Owned Subsidiary	Interest received			Approved 39	38.81	-	-
37 Hexaware Technologies Limited AABCA3203F 38 Hexaware Technologies Limited AABCA3203F		Hexaware Al Balagh Technologies LLC Hexaware Technologies Inc.	ZZZZZ9999Z AADCH1466M	Subsidiary of Holding Company Wholly Owned Subsidiary	Any other transaction Any other transaction	Corporate Gaurantee Charges Corporate Gaurantee Charges		Approved 1 Approved 10	0.58 10.31	- -	- -
39 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies UK Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Reimbursement of cost		Not Applicable	1.20	-	-
40 Hexaware Technologies Limited AABCA3203F 41 Hexaware Technologies Limited AABCA3203F		Hexaware Information Technologies (Shanghai) Company Limited Hexaware Technologies Inc.	ZZZZZ9999Z AADCH1466M	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Reimbursement of cost Reimbursement of cost		Not Applicable Not Applicable	0.50 146.26	- -	- -
42 Hexaware Technologies Limited AABCA3203F		CA Magnum Holdings	ZZZZZ9999Z	Promoter	Any other transaction	Recovery of Expense		Approved 3,350	609.12	-	-
43 Hexaware Technologies Limited AABCA3203F 44 Hexaware Technologies Limited AABCA3203F		Carlyle Investment Management, LLC Hexaware Technologies Inc.	ZZZZZ9999Z AADCH1466M	Affiliate of Promoter Wholly Owned Subsidiary	Sale of goods or services Any other transaction	Redemption of Debenture Investment		Approved 3,757 Not Applicable	1,817.72 435.21	- -	- -
45 Hexaware Technologies Limited AABCA3203F		Mobiquity Softech Private Limited	AAACX0890N	Wholly Owned Subsidiary (Indian)	Any other transaction	Lease Rent Expense		Approved 1	0.84	-	-
46 Hexaware Technologies Limited AABCA3203F 47 Hexaware Technologies Limited AABCA3203F		Softcrylic Technology Solutions India Pvt. Ltd Hexaware Information Technologies Sdn. Bhd.	AAGCS9743M ZZZZZ9999Z	Wholly Owned Subsidiary (Indian) Wholly Owned Subsidiary	Any other transaction Investment	Lease Rent Income		Approved 2 Not Applicable	1.57 0.02	- -	- -
48 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Services	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	2.11	-	-
49 Hexaware Technologies Limited AABCA3203F 50 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Inc. Hexaware Technologies UK Ltd.	AADCH1466M ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Trade, other receivable and accrual Trade, other receivable and accrual		Not Applicable Not Applicable	- -	184.37 1,070.74	334.07 920.81
51 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies GmbH.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	368.09	324.67
52 Hexaware Technologies Limited AABCA3203F 53 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Asia Pacific Pte. Ltd. Hexaware Technologies Canada Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Trade, other receivable and accrual Trade, other receivable and accrual		Not Applicable Not Applicable	- -	59.78 69.73	3.58 57.77
54 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Nordic AB	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	31.76	98.43
55 Hexaware Technologies Limited AABCA3203F 56 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Saudi LLC Mobiquity Inc	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Trade, other receivable and accrual Trade, other receivable and accrual		Not Applicable Not Applicable	- -	491.60 4.58	559.51 -
57 Hexaware Technologies Limited AABCA3203F		Mobiquity BV	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	3.27	84.27
58 Hexaware Technologies Limited AABCA3203F		Mobiquity Softech Private Limited	AAACX0890N	Wholly Owned Subsidiary (Indian)	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	0.82	0.50
59 Hexaware Technologies Limited AABCA3203F 60 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Belgium SRL Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Subsidiary of Holding Company	Any other transaction Any other transaction	Trade, other receivable and accrual Trade, other receivable and accrual		Not Applicable Not Applicable	- -	358.47 360.73	348.07 255.03
61 Hexaware Technologies Limited AABCA3203F 62 Hexaware Technologies Limited AABCA3203F		Softcrylic LLC Softcrylic Technology Solutions India Pvt. Ltd	ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary (Indian)	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	-	157.51
63 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies Inc.	AAGCS9743M AADCH1466M	Wholly Owned Subsidiary	Any other transaction Any other transaction	Trade, other receivable and accrual Trade payable - towards services, reimbursement of cost and		Not Applicable Not Applicable	- -	- 2,596.53	2.35 2,772.08
64 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies UK Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	accruals Trade payable - towards services, reimbursement of cost and		Not Applicable	-	1.80	1.94
65 Hexaware Technologies Limited AABCA3203F		Hexaware Technologies GmbH.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	accruals Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	0.25	927.61

(Amounts in INR Million)

								Value of the related party	Remarks on	Value of		In case monies are due to either party as a result of the transaction	In case any financial indebtedness is incurred to make or give loans,	inter-corporate deposits, advances or investments			Details of the loans, inter-corporate deposits, advances or investments
Sr No.	Name	PAN	Details of the counterparty	PAN	Relationship of the counterparty with the listed entity or its subsidiary	Type of related party transaction	Details of other related party transaction	transaction as approved by the audit committee	approval by audit committee	transaction during the reporting period		Opening balance Closing balance	Nature of indebtedness (loan/ issuance of debt/ any other etc.)	Details of other indebtedness	Cost Tenure	Nature (loan/ advance/ intercorporate deposit/ investment )	Interest Rate Tenure (%)	Secured/ unsecured	Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
	66 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	53.39	95.22
	67 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies, Mexico S. De. R.L. De. C.V.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	0.35	0.64
	68 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Saudi LLC	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	22.94	24.15
	69 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Hong Kong Ltd	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	45.81	66.28
	70 Hexaware Technologies Limited	AABCA3203F Mobiquity Inc		ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	140.29	308.15
	71 Hexaware Technologies Limited	AABCA3203F Mobiquity BV		ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	181.04	171.40
	72 Hexaware Technologies Limited		AABCA3203F Mobiquity Softech Private Limited		AAACX0890N Wholly Owned Subsidiary (Indian)	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	771.91	771.42
	73 Hexaware Technologies Limited		AABCA3203F Mobiquity Consulting BV	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	44.31	72.28
	74 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies South Africa (Pty) Ltd	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	20.64	23.02
	75 Hexaware Technologies Limited		AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	5.43	5.68
	76 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies SL (Private) Limited	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	6.25	7.92
	77 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Belgium SRL	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	9.58	10.79
	78 Hexaware Technologies Limited		AABCA3203F Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z	Subsidiary of Holding Company	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals Trade payable - towards services, reimbursement of cost		Not Applicable	-	20.38	37.81
	79 Hexaware Technologies Limited		AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd		AAGCS9743M Wholly Owned Subsidiary (Indian)	Any other transaction	and accruals		Not Applicable	-	-	104.30
	80 Hexaware Technologies Limited 81 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Inc. AABCA3203F Hexaware Technologies Inc.		AADCH1466M Wholly Owned Subsidiary AADCH1466M Wholly Owned Subsidiary	Any other transaction Any other transaction	Debenture Interest receivable Guarantee Charges Receivable		Not Applicable Not Applicable	- -	- -	45.77 18.22
	82 Hexaware Technologies Limited		AABCA3203F Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z	Subsidiary of Holding Company	Any other transaction	Guarantee Charges Receivable		Not Applicable	-	-	0.51
	83 Hexaware Technologies Limited 84 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Inc. AABCA3203F Hexaware Technologies UK Ltd.	ZZZZZ9999Z	AADCH1466M Wholly Owned Subsidiary Wholly Owned Subsidiary	Investment Investment			Not Applicable Not Applicable	- -	1,632.68 154.64	1,632.68 154.64
	85 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Asia Pacific Pte. Ltd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	-	12.48	12.48
	86 Hexaware Technologies Limited 87 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Gmbh. AABCA3203F Hexaware Technologies Canada Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Investment Investment			Not Applicable	- -	7.57	7.57
	88 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies, Mexico S. De. R.L. De. C.V.	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable Not Applicable	-	0.73 29.42	0.73 29.42
	89 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Saudi LLC	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	-	8.03	8.03
	90 Hexaware Technologies Limited 91 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Hong Kong Ltd AABCA3203F Hexaware Technologies Nordic AB	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Investment Investment			Not Applicable Not Applicable	- -	16.13 55.53	16.13 55.53
	92 Hexaware Technologies Limited		AABCA3203F Hexaware Information Technologies (Shanghai) Company Limited	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	-	25.38	25.38
	93 Hexaware Technologies Limited		AABCA3203F Mobiquity Softech Private Limited		AAACX0890N Wholly Owned Subsidiary (Indian)	Investment			Not Applicable	-	401.17	401.17
	94 Hexaware Technologies Limited 95 Hexaware Technologies Limited	AABCA3203F Softcrylic LLC	AABCA3203F Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z ZZZZZ9999Z	Subsidiary of Holding Company Wholly Owned Subsidiary	Investment Investment			Not Applicable Not Applicable	- -	2.97 12,151.86	2.97 12,151.86
	96 Hexaware Technologies Limited		AABCA3203F Softcrylic Technology Solutions India Pvt. Ltd		AAGCS9743M Wholly Owned Subsidiary (Indian)	Investment			Not Applicable	-	165.44	165.44
	97 Hexaware Technologies Limited 98 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies SL (Private) Limited AABCA3203F Hexaware Novelty Technologies Ltd	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Partly owned subsidiary	Investment Investment			Not Applicable Not Applicable	- -	8.36 1.61	8.36 1.61
	99 Hexaware Technologies Limited		AABCA3203F Hexaware Information Technologies Sdn. Bhd.	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	-	-	0.02
	100 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Services	ZZZZZ9999Z	Wholly Owned Subsidiary	Investment			Not Applicable	-	-	2.11
	101 Hexaware Technologies Limited		AABCA3203F Hexaware Technologies Inc.		AADCH1466M Wholly Owned Subsidiary	Any other transaction	Investment in Non Convertible Debentures		Not Applicable	-	1,712.40	1,286.40
	102 Hexaware Technologies Limited 103 Hexaware Technologies Limited		AABCA3203F Carlyle Investment Management, LLC AABCA3203F Hexaware Technologies Inc.	ZZZZZ9999Z	Affiliate of Promoter AADCH1466M Wholly Owned Subsidiary	Any other transaction Any other transaction	Trade, other receivable and accrual Corporate Gaurantee Given		Not Applicable Not Applicable	- -	(165.85) 2,911.08	86.33 2,915.84
	104 Hexaware Technologies Limited		AABCA3203F Hexaware Al Balagh Technologies LLC	ZZZZZ9999Z	Subsidiary of Holding Company	Any other transaction	Corporate Gaurantee Given		Not Applicable	-	171.24	171.52
	105 Hexaware Technologies Limited 106 Hexaware Technologies UK Ltd.	ZZZZZ9999Z	AABCA3203F CA Magnum Holdings Hexaware Technologies ARG S.A.S.	ZZZZZ9999Z ZZZZZ9999Z	Promoter Wholly Owned Subsidiary	Any other transaction Purchase of goods or services	Trade, other receivable and accrual		Not Applicable Not Applicable	- 1.89	329.20 -	- -
	107 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V.	ZZZZZ9999Z	Fellow Subsidiary	Purchase of goods or services			Not Applicable	1,714.38	-	-
	108 Hexaware Technologies Inc. 109 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies GmbH. AADCH1466M Hexaware Technologies UK Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Fellow Subsidiary Fellow Subsidiary	Interest paid Interest paid			Not Applicable Not Applicable	3.72 2.50	- -	- -
	110 Hexaware Technologies Inc.	AADCH1466M Mobiquity Inc		ZZZZZ9999Z	Wholly Owned Subsidiary	Interest paid			Not Applicable	41.14	-	-
	111 Hexaware Technologies UK Ltd. 112 Hexaware Technologies UK Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Hexaware Technologies Belgium SRL Hexaware Technologies Inc.	ZZZZZ9999Z AADCH1466M Fellow Subsidiary	Wholly Owned Subsidiary	Any other transaction Any other transaction	Recovery of Expense Loan given		Not Applicable Not Applicable	0.45 -	- 594.85	- -
	113 Hexaware Technologies UK Ltd.	ZZZZZ9999Z	Hexaware Technologies Inc.	AADCH1466M Fellow Subsidiary		Any other transaction	Trade, other receivable and accrual		Not Applicable	-		- 1
	114 Hexaware Technologies UK Ltd.	ZZZZZ9999Z	Hexaware Technologies ARG S.A.S.	ZZZZZ9999Z	Wholly Owned Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	0.40	0.36
	115 Hexaware Technologies Inc. 116 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V. AADCH1466M Hexaware Technologies UK Ltd.	ZZZZZ9999Z ZZZZZ9999Z	Fellow Subsidiary Fellow Subsidiary	Any other transaction Any other transaction	Reimbursement of cost Loan repaid		Not Applicable Not Applicable	14.37 586.34	-	-
	117 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies GmbH.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Loan repaid		Not Applicable	246.97	- -	- -
	118 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies Canada Ltd.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Recovery of Expense		Not Applicable	0.01	-	-
	119 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies Canada Ltd.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	0.02	-
	120 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost and accruals		Not Applicable	-	957.28	1,588.16
	121 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies, Mexico S. De. R.L. De. C.V.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	7.94	-
	122 Hexaware Technologies Inc.		AADCH1466M Hexaware Technologies GmbH.	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Loan payable		Not Applicable	-	224.02	-
	123 Hexaware Technologies Inc. 124 Mobiquity Inc	AADCH1466M Mobiquity Inc ZZZZZ9999Z	Mobiquity Velocity Solutions Inc, USA	ZZZZZ9999Z ZZZZZ9999Z	Wholly Owned Subsidiary Wholly Owned Subsidiary	Any other transaction Any other transaction	Loan payable Trade, other receivable and accrual		Not Applicable Not Applicable	- -	1,291.32 176.40	1,293.21 176.69
	125 Mobiquity Inc	ZZZZZ9999Z	Mobiquity BV	ZZZZZ9999Z	Transaction between two subsidiaries	Any other transaction	Trade, other receivable and accrual		Not Applicable	-	412.52	413.19
	126 Mobiquity Inc	ZZZZZ9999Z	Mobiquity BV	ZZZZZ9999Z	Transaction between two subsidiaries	Any other transaction	Loan given		Not Applicable	-	464.35	465.11
	127 Mobiquity Inc 128 Mobiquity Inc	ZZZZZ9999Z ZZZZZ9999Z	Mobiquity BV Mobiquity BV	ZZZZZ9999Z ZZZZZ9999Z	Transaction between two subsidiaries Transaction between two subsidiaries	Any other transaction Any other transaction	Interest receivable Interest on loan		Not Applicable Not Applicable	- 13.86	38.92 -	52.82 -
	129 Mobiquity BV	ZZZZZ9999Z	Mobiquity Consulting BV	ZZZZZ9999Z	Transaction between two subsidiaries	Any other transaction	Advance Given		Not Applicable	20.39	-	-
	130 Mobiquity BV	ZZZZZ9999Z	Mobiquity Consulting BV	ZZZZZ9999Z	Transaction between two subsidiaries	Any other transaction	Advance Recovered		Not Applicable	20.39	-	-
	131 Hexaware Technologies South Africa (Pty) Ltd	ZZZZZ9999Z	Mobiquity BV	ZZZZZ9999Z	Fellow Subsidiary	Any other transaction	Trade payable - towards services, reimbursement of cost		Not Applicable	-	5.76	-
							and accruals

(Amounts in INR Million)

AI assistant

Hexaware Technologies Ltd. — Regulatory Filings 2025

35685_rns_2025-07-24_ca8f3a10-8ac9-4847-9172-989fa6c4a684.pdf

Subject: Outcome of the Board Meeting held on Thursday, July 24, 2025.

Ref: Our earlier intimation under reference no. HEXT/SE/2025/72 dated July 11, 2025.

HEXAWARE TECHNOLOGIES LIMITED

Yours faithfully,

For Hexaware Technologies Limited

Gunjan Methi

HEXAWARE TECHNOLOGIES LIMITED

A. FINANCIAL RESULTS- ANNEXURE A

B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC: Not Applicable

C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES

lndeoendent Auditor's Reoort

To the Board of Directors of Hexaware Technologies Limited

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Independent Auditor's Report (Continued)

Hexaware Technologies Limited

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Independent Auditor's Report (Continued)

Hexaware Technologies Limited

Other Matter

Independent Auditor's Report (Continued) Hexaware Technologies Limited

Independent Auditor's Report (Continued) Hexaware Technologies Limited

Hexaware Technologies Limited Registered Office: 152, M illennium Business Park, Sector Ill, 'A' Block. TTC Industrial Area, Mahapc, Navi Mumbai, Maharashtra • 4007 10, India

Audited Consolidated Interim Statement of Financial Results

Hexaware Technologies Limited Audited Consolidated Interim Segment information

Audited Consolidated Interim Balance sheet

Audited Consolidated Interim Statement of Cash Flows

Select explanatory notes to the Audited Consolidated Interim Statement of Financial Results

11 Depreciation and amortisation expense includes:

lndeoendent Auditor's Reoort

To the Board of Directors of Hexaware Technologies Limited

Report on the audit of the Standalone Financial Results

Opinion

Basis for Opinion

Management's and Board of Directors' Responsibilities for the Standalone Financial Results

Independent Auditor's Report (Continued) Hexaware Technologies Limited

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Tel: (+91) 22 3326 8585 E-mail: [email protected] Website: www.hexaware.com Audited Standalone Interim Statement of Financial Results

Audited Standalone Interim Balance Sheet

Audited Standalone Interim Statement of Cash Flows

Select Explanatory notes to the Audited Standalone Interim Statements of Financial Results

8 Other income includes:

9 Employee benefits expense includes:

10 Other expenses includes:

11 Depreciation and amortisation expense includes:

Hexaware

FOR IMMEDIATE RELEASE

Hexaware Delivers Solid Q2CY25 Revenue of USD 382.1 Mn, Up 8.6% YoY Q2CY25 EBITDA Expansion of 156 bps YoY Q2CY25 EPS at INR 6.25 Increase of 37.7% YoY

Financial Summary and Highlights

Revenue:

Profitability:

Key Client Metrics:

Key People Metrics:

Other Key Metrics:

Leadership Speak

Financial Performance

Revenue Performance by Vertical

Revenue Performance by Geography

Key Wins

Condensed Consolidated Statements of Financial Position

Consolidated Statement of Profit and Loss – Quarterly

Consolidated Balance Sheet Statement

Consolidated Statement of Cash Flows

Conference Call Information

Option 1 – Webcast

Option 2 – Dial In (Listen Only)

To join the listen-only line, kindly use the dial-in ID and passcode provided below:

Webinar ID: 974 8239 6952

Password: 498905

About Hexaware

Forward-looking Statements

Disclaimer

Use of Non-GAAP Financials

Rounding o

Investor Relations Contact:

Media Contact:

Hexaware Technologies Ltd. Regulatory Filings 2025