Hexaware shares trade lower as IT firm announces plan to invest £25 million in UK expansion

Mid-tier global software and IT services provider, Hexaware Technologies, shares were trading lower during the market session on Thursday, June 18, after the company announced its plans to invest £25 million to expand its operations in the United Kingdom, according to an exchange filing.

Shares of Hexaware were trading 1.5% lower at ₹495.40 during Thursday's trading session, compared to ₹503.15 at the previous stock market close, according to NSE data.

As per the NSE filing, Hexaware’s move to expand its UK operations is estimated to create 1,200 employment opportunities across Manchester, Leeds, and Birmingham over the next three to five years.

This mega expansion plan was announced by the UK government at the G7 Summit on June 16, 2026, as part of the international commitments to its artificial intelligence (AI) and clean energy agenda.

£25 million deal details

Hexaware’s £25 million UK expansion plan comprises expanding its delivery centre in Birmingham and establishing research & development (R&D) centres in Manchester and Leeds, according to the exchange filing.

The company also disclosed that the investment is estimated to accelerate innovation at scale across new and emerging technologies, including AI, digital services, and quantum computing, with a focus on developing local talent, advancing research, and driving modernisation in citizen and public services.

“These investments in AI research, digital innovation for citizen services, and talent incubation will create meaningful social impact while fueling and accelerating the UK’s long-term economic growth,” said R. Srikrishna, the CEO & Executive Director of Hexaware.

Hexaware’s financial snapshot

Hexaware’s consolidated financial statements for the January to March quarter of the calendar year ended 2026 showed that the IT company’s net profit (attributable to shareholders) rose 7.4% to ₹351.6 crore, from ₹327.2 crore in the same period a year earlier.

With the rising profits for the first quarter, the IT company’s overall revenue from core operations also advanced 6.3% to ₹3,413 crore, compared year-on-year (YoY) with ₹3,207 crore in the same period a year ago.

Although the company’s earnings before interest and taxes (EBIT) margin witnessed a contraction YoY in the March quarter to 13%, from 14.3% in the same period a year ago, the margins expanded on a sequential basis from 7% in the fourth quarter of the calendar year 2026.

The IT company “added 2 more customers in the 10Mn+ category (LTM basis), taking the total count of 10Mn+ customers to 34 compared to 32 in the previous quarter,” according to the financial results.

Hexaware Technologies share price trend

Hexaware Technologies' share price closed 0.68% higher at ₹503.15 after Wednesday’s stock market session, compared to ₹499.75 at the previous stock market close, according to the exchange data. The company announced its UK expansion plan update after the market operating hours on June 17.

Hexaware shares have lost over 40% in the last one year, and have dropped nearly 34% on a year-to-date (YTD) basis in the calendar year 2026, according to NSE data.

However, the mid-cap IT company’s shares have gained 2.8% in the last one month, but were trading 0.2% lower over the last five market sessions on NSE, as per the exchange data.

Shares of Hexaware Technologies have surged to hit their 52-week high of ₹900 on July 9 2025, while the 52-week low was at ₹400.20 on March 12, 2026, as per the NSE data. The company’s market capitalisation (m-cap) was at ₹30,611.90 crore as of the stock market close on Wednesday, June 17.