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Happiest Minds Technologies Limited Q1 FY26 results deck summary

NSE: HAPPSTMNDS · BSE: 543227

Results deck of 29 Jul 2025, summarised by AI from the filing.

Happiest Minds Q1 FY26 revenue ₹54,990 lakhs, up 18.6% YoY, EBITDA margin 21.4%, PAT ₹5,713 lakhs.

Key takeaways

  1. Revenue Revenue ₹54,990 lakhs (Q1 FY25: ₹46,382 lakhs, +18.6%); in dollars $64,359 thousand (Q1 FY25: $55,547 thousand, +15.9%).
  2. EBITDA EBITDA ₹12,405 lakhs (Q1 FY25: ₹11,671 lakhs, +6.3%); margin 21.4% (Q1 FY25: 23.9%).
  3. PAT PAT ₹5,713 lakhs (Q1 FY25: ₹5,103 lakhs, +12.0%); adjusted PAT ₹6,862 lakhs (Q1 FY25: ₹7,168 lakhs, -4.3%).
  4. Operating margin Operating margin ₹9,722 lakhs (Q1 FY25: ₹9,193 lakhs, +5.8%); margin 17.6% (Q1 FY25: 19.8%).
  5. Client metrics Active clients 285 in Q1 FY26 (Q1 FY25: 281); million-dollar clients 59 (Q1 FY25: 59).

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.