Happiest Minds Technologies Ltd Q3 FY25 Results
HAPPSTMNDSQ3 FY25 ResultsAnnounced 4 Feb 2025, 09:50 pm| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 530.81 | 1.8% |
| Total Income | 553.77 | 0.9% |
| Expenditure | 484.83 | 0.8% |
| PBT | 68.94 | 1.8% |
| Net Profit | 50.10 | 1.2% |
| OPM | -0.37% | 1.63pp |
| NPM | 9.05% | 0.02pp |
| EPS | 3.33 | 1.2% |
Happiest Minds Reports 28.2% Revenue Growth in Q3 FY’25; EBITDA Grows 11.1% Y-o-Y
05 Feb 2025 · 5 Feb 2025, 03:26 am
Summary
Happiest Minds Technologies Limited, a digital transformation and IT solutions company, announced its consolidated results for the Third quarter ended December 31, 2024. The company reported a revenue growth of 28.2% y-o-y in constant currency and an EBITDA growth of 11.1% y-o-y. The growth is attributed to strong deal closures and the success of four transformational initiatives launched this year. The company is also exploring opportunities for leveraging generative AI to enhance business value, efficiency, and productivity.
Key Highlights
- 1
Revenue in constant currency grew 28.2% y-o-y
- 2
EBITDA grew 11.1% y-o-y
- 3
Four transformational initiatives launched this year
- 4
Exploring opportunities for leveraging generative AI
- 5
15 projects in a proof-of-concept stage for generative AI adoption
Management Comments
Ashok Soota
Executive Chairman
Happiest Minds has reported another quarter of strong deal momentum and performance with a revenue growth of 28.2% y-o-y in constant currency and we are set to report our best performance since IPO in absolute terms. We launched four transformational initiatives this year which included the acquisitions of Puresoftware and Aureus. The success of the same is evident from our YoY growth. The other three initiatives will accelerate our organic growth in the year ahead. These initiatives are the creation of the GenAl Business Unit, Verticalization into six Industry groups and induction of our Chief Growth Officer.
Venkatraman Narayanan
MD & CFO
We continue to deliver revenue growth, operating and EBIDTA margins despite investments in our start-up business unit of Generative Business Services. Profits before tax does show the impact of non-cash and other charges emanating due to acquisitions. Our focus is to cover for these through benefits of consolidated operations and growth. Cash Earnings Per Share a metric that reflects health of the business has shown a growth about 12.6% year over year
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