Happiest Minds Technologies Ltd Q2 FY26 Results
HAPPSTMNDSQ2 FY26 ResultsAnnounced 28 Oct 2025, 07:22 pm| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 573.57 | 4.3% | 10.0% |
| Total Income | 595.18 | 2.6% | 8.5% |
| Expenditure | 522.52 | 3.9% | 8.6% |
| PBT | 72.66 | 5.5% | 7.3% |
| Net Profit | 54.02 | 5.4% | 9.1% |
| OPM | 17.20% | 0.10pp | 19.20pp |
| NPM | 9.08% | 0.77pp | 0.05pp |
| EPS | 3.59 | 5.3% | 9.1% |
Happiest Minds Delivers H1 FY26 Revenue Growth of 11.8% in USD Constant Currency and EBITDA Margin of 20.8%
28 Oct 2025 · 28 Oct 2025, 07:43 pm
Summary
Happiest Minds Technologies Limited has announced its consolidated results for the Second quarter ended September 30, 2025. The company has reported a revenue growth of 11.8% in USD constant currency and an EBITDA margin of 20.8%. The company is committed to four consecutive years of 10%+ growth.
Key Highlights
- 1
Revenues for H1 FY26 were US $129.5 million
- 2
Generated 22 transformative use cases in Generative and Agentic AI, unlocking a GBS-led sales potential of nearly US $50 million
- 3
Added 30 new client additions during H1, representing a revenue potential of about US $50-60 million over the next three years
- 4
Maintained margins comfortably above lower guidance of 20% despite salary revisions and continued investments
- 5
No impact from recent changes in U.S. immigration (H1-B) policies
- 6
Revenue in constant currency grew 2.3% q-o-q and 6.7% y-o-y
- 7
Operating Revenues in US$ stood at $65.1 million, growing 1.2% q-o-q and 4.4% y-o-y
- 8
Total income of = 59,517 lakhs grew 2.6% q-o-q and 8.5% y-o-y
- 9
EBITDA of ® 12,027 lakhs stood at 20.2% of Total Income
- 10
PAT of = 5,402 lakhs 9.1% of Total Income
- 11
Adjusted PAT and EPS (adjusted only for non-cash charges and exceptional items) stood at: - Adjusted PAT of 6,552 lakhs at 11% of Total income. Growth of 3.1% y-o-y - Adjusted EPS at = 4.35
Management Comments
Ashok Soota
Chairman & Chief Mentor
Our ten strategic transformations, announced in the last quarter of FY25, are clearly yielding results. Organisationally, the most important of these was Joseph Anantharaju becoming the Co-Chairman and CEO. Joseph has settled into his enhanced responsibilities remarkably well, as reflected in our performance.
Joseph Anantharaju
Co-Chairman & CEO
We have delivered a robust H1 FY26 performance with revenues of US $129.5 million, reflecting the continued success of our ten strategic transformations. Our success in Generative and Agentic Al is evident from 22 transformative use cases that have progressed into replicable projects, unlocking a GBS-led sales potential of nearly US $50 million.
Venkatraman Narayanan
Managing Director
Our H7 FY26 performance reflects disciplined execution and prudent financial management, even as we continue to invest in growth. We have maintained margins comfortably above our lower guidance of 20% despite salary revisions and continued investments in our Generative Al Business Unit, new sales organization, and other strategic initiatives outlined earlier.
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