Hexaware Technologies declines on reporting 11% fall in Q1 consolidated net profit

Hexaware Technologies is currently trading at Rs 154.10, down by 17.50 points or 10.20% from its previous closing of Rs 171.60 on the BSE. The scrip opened at Rs 172.05 and has touched a high and low of Rs 172.95 and Rs 150.40 respectively. So far 1136906 shares were traded on the counter. The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 179.85 on 23-Apr-2014 and a 52 week low of Rs 72.30 on 25-Jun-2013. Last one week high and low of the scrip stood at Rs 179.85 and Rs 169.10 respectively. The current market cap of the company is Rs 4606.09 crore. The promoters holding in the company stood at 63.84% while Institutions and Non-Institutions held 18.58% and 10.48% respectively. Hexaware Technologies has reported results for first quarter ended March 31, 2014. The company has posted a rise of 35.98% in its net profit at Rs 96.04 crore for the quarter ended March 31, 2014 as compared to Rs 70.63 crore for the same quarter in the previous year. Total income from operations of the company increased by 9.27% at Rs 253.31 crore for quarter under review as compared to Rs 231.83 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 11.33% fall in its net profit at Rs 70.30 crore for the quarter ended March 31, 2014 as compared to Rs 79.28 crore for the same quarter in the previous year. However, total income from operations of the company rose by 15.99% to Rs 588.88 crore for quarter under review as compared to Rs 507.68 crore for the quarter ended March 31, 2013.