53% YOY growth in net profit for Hexaware

NEW DELHI: For Q2 June 2006, Hexaware Technologies reported 53% year-on-year growth in net profit to Rs 29.77 cr ($ 6.50 mn). Net sales rose 25.3% to Rs 206.87 cr ($ 45.21 mn).

Hexaware Technologies jumped 5%, to Rs 144 on the back of a 53% surge in Q2 net profit and strong earnings and revenue guidance for Q3 September 2006. As many as 18,214 shares changed hands in the counter on BSE.

The company has forecast a net profit of $ 7.20 mn for Q3 September 2006 – a sequential growth of 10%. Revenue from operations is expected to grow $ 48 mn – a sequential growth of 6%.