IT Stock Offers Rs 5.75 Dividend, Technicals Flash Caution; Windfall Or Bear Trap By April 15?

Hexaware Technologies is a multinational provider of business process and technology services. Founded in 1992, Hexaware Technologies is a global provider of digital and technology services, specializing in IT, BPO, and consulting services with an emphasis on AI-based solutions and digital transformation. Following the Board's announcement of the first interim dividend of Rs 5.75/-for the fiscal year 2025 with a record date in April, Hexaware Technologies' shares finished Friday's trading session on the NSE 4.56% down at Rs 652.50 per share, with a market capitalization of Rs 39.88KCr.

Hexaware Technologies Dividend

"We wish to inform that the Board of Directors of the Company at its meeting held today i.e. April 04, 2025, declared 1st interim dividend of Rs 5.75/- (575%) per equity share of Rs 1/- each for the financial year 2025. Further, we wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for the purpose of interim dividend will be April 15, 2025. The interim dividend declared will be paid to those shareholders, whose names appear in the Register of Members and / or Depositories as on April 15, 2025, being the Record Date fixed by the Company for this purpose. The dividend will be paid on April 23, 2025," said Hexaware Technologies in a stock exchange filing on Friday.

Hexaware Technologies News

Additionally, the corporation reported on Friday that Mr. Arun Ramchandran, Senior Management Personnel, has resigned to seek other professional options, effective April 11, 2025.

Additionally, R Srikrishna, the CEO and Executive Director of Hexaware Technologies, was honored for the third consecutive year as the Most Promising Business Leader at the esteemed Times Now Asian Business Leaders Conclave 2025 on March 27. According to the Brand Finance IT Services study, under Srikrishna's leadership, Hexaware's brand value jumped by 124.5% over the previous four years, reaching USD 824 million in 2025. For the first time in 2025, Hexaware was listed among the Top 25 Global IT Services Brands as a result of this outstanding accomplishment.

"This recognition is a testament to our collective vision of redefining the future of IT through innovation, inclusivity, and integrity," said Srikrishna. "Our focus remains on delivering transformative value to clients, empowering our talent, and leading the charge toward a sustainable digital economy."

Hexaware Technologies Financials

The firm posted net sales of Rs 3,154.40 crore in the December 2024 quarter, rising 20.58% from Rs 2,616.00 crore in the December 2023 quarter, according to Moneycontrol. In the quarter that ended in December 2024, its net profit was Rs. 318.90 crore, gaining 65.4% from Rs. 192.80 crore in the quarter that ended in December 2023. EBITDA improved by 50.69% from Rs. 341.10 crore in Q3FY24 to Rs. 514.00 crore in Q3FY25. In due course of time, the company will release its Q4FY25 results.

Hexaware Technologies Share Price Target

"Hexaware Technologies' stock price is bearish but also oversold on the Daily charts with next support at 605. Investors should buy only if Daily close is above resistance of 691 for a target of 776 in the near term," stated A R Ramachandran, Independent Research Analyst.

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