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Informist, Monday, Jul. 27, 2026

 

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--Happiest Minds Apr-Jun consol net profit INR 676.0 mln 
--Analysts saw Happiest Minds Apr-Jun consol net profit INR 627.00 mln 
--Happiest Minds Apr-Jun consol revenue INR 6.29 bln 
--Analysts saw Happiest Minds Apr-Jun consol revenue INR 6.28 bln 
--Happiest Minds Apr-Jun consol PAT INR 676.0 mln vs INR 611.70 mln qtr ago 
--Happiest Minds Apr-Jun consol sales INR 6.29 bln vs INR 6.04 bln qtr ago 
--Happiest Minds Q1 pdt, digital engg sales INR 4.92 bln vs INR 4.76 bln QoQ 
--Happiest Minds Q1 infra mgmt ops sales INR 1.02 bln vs INR 1.03 bln QoQ 
--Happiest Minds Apr-Jun consol EBITDA INR 1.41 bln vs INR 1.21 bln qtr ago 
--Happiest Minds Apr-Jun consol EBITDA margin 21.7% vs 19.5% qtr ago 
--Happiest Minds Apr-Jun consol operating margin 17.5%, unch from qtr ago 
--Happiest Minds Apr-Jun utilisation 80.9% vs 81.4% qtr ago 
--Happiest Minds Apr-Jun trailing 12-mo attrition 15.4% vs 17.0% qtr ago 
--Happiest Minds headcount 6,532 on Jun 30 vs 6,497 qtr ago 

 

By Diksha Singh

 

MUMBAI – Information technology services company Happiest Minds Technologies Ltd. reported a sharp rise in consolidated net profit for the June quarter as the growth in revenue outpaced the increase in expenses. A sharp increase in the company's other income also aided the profit growth. The net profit was above the Street's estimate.

 

Happiest Minds reported a net profit of INR 676 million for the June quarter, up nearly 11% on quarter. The Street's estimate for the net profit was INR 627 million. The company's net revenue for the June quarter was INR 6.29 billion, up 4% sequentially from INR 6.04 billion. Analysts had expected the net revenue to be INR 6.28 billion.

 

The company's revenue from the product and digital engineering services segment rose 3% sequentially to INR 4.92 billion and revenue from generative artificial intelligence business services increased 35% to INR 342.3 million. However, the revenue from infrastructure management and security services decreased marginally to INR 1.02 billion for the June quarter.

 

Happiest Minds reported earnings before interest, tax, depreciation, and amortisation for the June quarter at INR 1.41 billion, and an EBITDA margin of 21.7%.

 

The company's consolidated operating margin remained unchanged from the previous quarter at 17.5%. Happiest Minds reported an employee count of 6,532 as of Jun. 30. The company's trailing 12-month attrition rate fell to 15.4% from 17% in the March quarter. Its utilisation rate also fell slightly to 80.9% from 81.4%, the company said in its investor presentation.

 

During the June quarter, the company was selected as the strategic data and AI partner for a North American energy infrastructure company. It is also building a Salesforce minimum viable product for a global technical consulting company. It has also received contracts from North American, Australian, Indian, and West Asian companies.

 

"Our AI-first strategy is gaining significant traction, with strong momentum across AI and analytics, digital engineering, platforms, and industry-focused solutions," Joseph Anantharaju, co-chairman and chief executive officer, said. "We have also built a strong and expanding pipeline, registering 20% growth over the previous quarter. The quality and breadth of opportunities in our pipeline gives us confidence in our ability to deliver sustained business growth," he added.

 

Monday, shares of Happiest Minds closed at INR 387.70 on the National Stock Exchange, up 4% from Friday. The company detailed its earnings after market hours.  End

 

Edited by Rajeev Pai

 

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