Happiest Minds Technologies Ltd Q1 FY26 Results
HAPPSTMNDSQ1 FY26 ResultsAnnounced 29 Jul 2025, 12:47 pm| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 549.90 | 1.0% |
| Total Income | 579.93 | 1.6% |
| Expenditure | 503.06 | 1.0% |
| PBT | 76.87 | 52.6% |
| Net Profit | 57.13 | 68.0% |
| OPM | 17.10% | 3.93pp |
| NPM | 9.85% | 3.89pp |
| EPS | 3.79 | 67.7% |
Happiest Minds delivers Q1 revenues of US$ 64.4 million, growth of 2.3% q-o-q and 17.5% y-o-y in constant currency
29 Jul 2025 · 29 Jul 2025, 01:09 pm
Summary
Happiest Minds Technologies Limited has announced its consolidated results for the First quarter ended June 30, 2025. The company reported revenues of US$ 64.4 million, marking 2.3% q-o-q and 17.5% y-o-y growth in constant currency. The EBITDA stood at 21.4%.
Key Highlights
- 1
Revenue in constant currency grew 2.3% q-o-q and 17.5% y-o-y
- 2
Operating Revenues in US$ stood at $64.4 million, growing 2.3% q-o-q and 15.9% y-o-y
- 3
Total income of = 57,993 lakhs grew 1.7% q-o-q and 18.5% y-o-y
- 4
EBITDA of 2 12,405 lakhs stood at 21.4% of Total Income. Growth of 12.9% q-o-q and 6.3% y-o-y
- 5
PAT of 2 5,713 lakhs 9.9% of Total Income. Growth of 68% q-o-q and 12% y-o-y
- 6
285 clients as of June 30, 2025
- 7
17 additions in the quarter
- 8
6,523 Happiest Minds as of June 30, 2025
- 9
Trailing 12-month attrition of 18.2% (16.6% in the previous quarter)
- 10
Utilization of 78.9%, from 77.3% in last quarter
Management Comments
Ashok Soota
Chairman & Chief Mentor
Our strong start to Q1 FY26 underscores the continued confidence our customers place in us and the impact of our differentiated digital capabilities. As we harness the transformative power of Generative Al and deep tech, Happiest Minds remains steadfast in delivering purposeful innovation and long-term value. With a sharp focus on mindful execution, customer-centricity, and technology leadership, we are well-positioned to sustain double-digit growth for the year and have laid a foundation for achieving three consecutive years of double-digit growth.
Joseph Anantharaju
Co-Chairman & CEO
We have delivered a strong Q1 performance with revenues of US $64.4 Million, marking 2.3% q-o-q and 17.5% y-o-y growth in constant currency. This momentum reflects the contribution of the ten transformations we have undertaken to drive our growth. Our differentiated capabilities in Generative Al, Data, and Cybersecurity—combined with our verticalized structure—position us as the partner of choice. We remain confident in our ability to scale impact and drive sustainable growth for our clients and stakeholders.
Venkatraman Narayanan
Managing Director
Even as we continue to invest into Al and strengthen our sales engine, we have delivered 20 quarters of sequential growth with a robust EBITDA of 21.4%. Our unwavering focus remains on driving sustainable growth, enhancing operational efficiency, and consistently creating long-term value for our shareholders.
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