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Informist, Tuesday, Feb. 10, 2026

--Happiest Minds Oct-Dec consol net profit INR 403 mln 

--Analysts saw Happiest Minds Oct-Dec consol net profit INR 582 mln 
--Happiest Minds Oct-Dec consol revenue INR 5.88 bln 
--Analysts saw Happiest Minds Oct-Dec consol revenue INR 5.89 bln 

--Happiest Minds Oct-Dec consol PAT INR 403.0 mln vs INR 540.2 mln qtr ago 
--Happiest Minds Oct-Dec consol revenue INR 5.88 bln vs INR 5.74 bln qtr ago 
--Happiest Minds Oct-Dec labour code implementation cost INR 220.3 mln 
--Happiest Minds Apr-Dec consol revenue INR 17.11 bln vs INR 15.16 bln yr ago 
--Happiest Minds Apr-Dec consol net profit INR 1.51 bln, unch on year 
 

NEW DELHI – Exceptional costs related to previous acquisitions and rollout of the labour code pulled down Happiest Minds Technologies Ltd.'s consolidated net profit for the December quarter. The net profit fell 20% on year to INR 403 million in the reporting quarter, below analysts' estimate of INR 582 million. Sequentially, the bottom line was down 25%. 

If not for the exceptional cost of INR 220 million in the December quarter, the company's profit would have risen nearly 11% on year and 5% on quarter. Happiest Minds Technologies spent INR 115 million as amortisation or unwinding interest related to acquisitions, and INR 220 million to implement the labour code. 

The company's revenue from operations grew nearly 11% on year to INR 5.88 billion in the December quarter. The revenue was more or less in line with the market estimate of INR 5.89 billion. Sequentially, the revenue was up 2.4%.

For the nine months ended December, the company's net profit was flat at INR 1.51 billion. Meanwhile, the revenue rose 13% to INR 17.11 billion. At 1148 IST, shares of Happiest Minds Technologies were 0.3% higher at INR 396.80 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Krity Ambey

Edited by Avishek Dutta

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