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Happiest Minds Technologies Limited special call summary

NSE: HAPPSTMNDS · BSE: 543227

Special call of 1 Sep 2026, summarised by AI from the filing.

Happiest Minds to merge into ITC Infotech, pulling its USD1 billion revenue target forward from FY31 to FY28.

Key takeaways

  1. Merger Happiest Minds to merge into ITC Infotech; shareholders get 25 ITC Infotech shares per 81 held, listing expected Q2/Q3 FY28.
  2. Stake sale Mr. Soota to divest 22.1% of his 44.2% holding in two tranches for about ₹1,330 cr cash.
  3. Approvals Completion subject to regulatory, shareholder and statutory approvals and customary closing conditions.

Original filing on BSE

Happiest Minds Technologies Limited Q1 FY27 results

As filed: Revenue ₹629 cr (+14% year on year), EBITDA ₹118 cr (+25% year on year), PAT ₹67.6 cr (+19% year on year), EBITDA margin 18.7% (+162 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹604 cr (+11% year on year), EBITDA ₹104 cr (+23% year on year), PAT ₹61.2 cr (+80% year on year), EBITDA margin 17.2% (+174 bps). Score 69 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 174 bps year on year. Share price after the results: −9.5% in 28 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹588 cr (+11% year on year), EBITDA ₹107 cr (+14% year on year), PAT ₹40.3 cr (+10% year on year), EBITDA margin 18.2% (+53 bps). Score 51 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was well above it; profit before exceptional items growth was above it. EBITDA margin rose 53 bps year on year. Other income 29% of PBT. Share price after the results: +4.0% in 30 days (Nifty 500: −6.9%).
  • Q2 FY26: Revenue ₹574 cr (+10% year on year), EBITDA ₹98.0 cr (+7% year on year), PAT ₹54.0 cr (+8% year on year), EBITDA margin 17.1% (−55 bps). Score 44 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were above it. EBITDA margin fell 55 bps year on year. Other income 30% of PBT. Profit fell 5% from last quarter. Revenue rose ₹52.0 cr on a year ago, against ₹115 cr the year before. Share price after the results: −3.6% in 30 days (Nifty 500: +0.6%).
  • Q1 FY26: Revenue ₹550 cr (+19% year on year), EBITDA ₹94.0 cr (+11% year on year), PAT ₹57.0 cr (+12% year on year), EBITDA margin 17.1% (−123 bps). Score 60 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit growth were above it. EBITDA margin fell 123 bps year on year. Other income 39% of PBT. Revenue rose ₹86.0 cr on a year ago, more than the ₹73.0 cr it added the year before. Share price after the results: −5.7% in 30 days (Nifty 500: −1.3%).
  • Q4 FY25: Revenue ₹545 cr (+31% year on year), EBITDA ₹84.0 cr (+1% year on year), PAT ₹34.0 cr (−25% year on year), EBITDA margin 15.4% (−449 bps). Score 37 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit before exceptional items growth was well below it. EBITDA margin fell 449 bps year on year. Other income 52% of PBT. Consolidated profit -53% but standalone +7%. Profit fell 10% from last quarter. Revenue rose ₹128 cr on a year ago, more than the ₹39.0 cr it added the year before. Share price after the results: +1.6% in 30 days (Nifty 500: +3.7%).
  • Q3 FY25: Revenue ₹531 cr (+30% year on year), EBITDA ₹94.0 cr (+15% year on year), PAT ₹50.0 cr (−17% year on year), EBITDA margin 17.7% (−230 bps). Score 63 of 100, In line with trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was below it. EBITDA margin fell 230 bps year on year. Other income 33% of PBT. Revenue rose ₹121 cr on a year ago, more than the ₹43.0 cr it added the year before.
  • Q2 FY25: Revenue ₹522 cr (+28% year on year), EBITDA ₹92.0 cr (+11% year on year), PAT ₹50.0 cr (−14% year on year), EBITDA margin 17.6% (−277 bps). Score 39 of 100, Below trend. EBITDA margin fell 277 bps year on year. Other income 40% of PBT. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Happiest Minds Technologies Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.