Happiest Minds Technologies Earnings Call Transcript: Key Takeaways
Q2 revenue of ₹645 Cr (+12.5% YoY INR, +6.8% cc), with margin up 100bps to 18.5%. US stagnation and rising DSO are key concerns; ITC Infotech merger pending.
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Q2 revenue of ₹645 Cr (+12.5% YoY INR, +6.8% cc), with margin up 100bps to 18.5%. US stagnation and rising DSO are key concerns; ITC Infotech merger pending.
Q2 FY27 revenue ₹645.4 Cr (+12.5% YoY), PAT ₹62.2 Cr (9.3% margin), adjusted PAT ₹79.1 Cr (+20.7% YoY), EBITDA margin 21.3%. Proposed ITC Infotech merger pending.
Happiest Minds reported Q2 FY27 revenue of ₹645 Cr, up 12.5% y-o-y, with operating margins up 22.4%. It also declared an interim dividend of ₹3.05 per share with a November 6, 2026 record date.
Happiest Minds declared an interim dividend of ₹3.05 per equity share for FY2026-27. The record date is November 6, 2026, with payment by November 17, 2026.
Happiest Minds Technologies Ltd reported revenue from operations of ₹645.4 Cr (+12.5% YoY) and net profit of ₹62.2 Cr (+15.2% YoY) for Q2 FY27.
Happiest Minds has scheduled a board meeting on November 2, 2026 to approve unaudited quarterly and half-year financials and consider an interim dividend. This is an advance intimation of a future meeting, with agenda items still proposed.
Happiest Minds Technologies filed its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, confirming no dematerialization requests were processed.
Happiest Minds shareholders approved shifting its registered office from Karnataka to West Bengal through postal ballot voting results.
Happiest Minds Technologies issued a corrigendum regarding a previously filed Regulation 57(1) certificate for non-convertible debentures, correcting the redemption dates to September 2026.
Happiest Minds Technologies made a quarterly interest payment of Rs.0.66 Crore on its listed non-convertible debentures.
Happiest Minds Technologies made a total debt payment of ₹35.66 Crore, comprising the principal redemption of ₹35 Crore and interest payment of ₹0.66 Crore.
ITC Infotech India Limited disclosed the creation of a non-disposal undertaking over 1,69,11,471 shares of Happiest Minds Technologies Limited. The encumbrance is pursuant to a share agreement.
Happiest Minds Technologies has issued a postal ballot notice to seek shareholder approval for shifting its registered office from Karnataka to West Bengal.
Happiest Minds reported Q1 FY27 revenue of ₹629 Cr, up 14.3% YoY. The company is executing an AI-first strategy, maintaining a healthy 21.7% EBITDA margin despite one-off impacts and currency losses.
Happiest Minds Technologies will merge into ITC Infotech India Limited. The board approved this amalgamation to leverage operational synergies and enhance long-term shareholder value.
Promoters Ashok Soota and his LLP will sell a 22.106% stake in Happiest Minds to ITC Infotech for Rs. 1,329.72 Crore via a Share Purchase Agreement.
Happiest Minds announced a strategic merger with ITC Infotech to create India’s 11th largest listed IT services player, targeting $1 billion revenue by FY28.
Happiest Minds announced a merger with ITC Infotech India Limited. Promoters also sold a 22.106% stake for Rs 1,329.72 Crore.
Happiest Minds Technologies clarified that there is no undisclosed information regarding news of a potential promoter stake sale. The company maintains it complies with disclosure regulations.
Happiest Minds Technologies received the NCLT order approving its amalgamation with subsidiary Aureustech Systems. The merger is effective from the appointed date of April 1, 2026.
Happiest Minds Technologies held its 15th AGM on July 28, 2026. Shareholders transacted business, including dividend declaration and the re-appointment of auditors.
Happiest Minds reported a strong Q1 FY27 with 14.3% YoY revenue growth and 18.3% PAT growth, driven by its AI-first strategy and solid margins.
Happiest Minds reported Q1 FY27 revenue of ₹62,851 Lakhs, up 14.3% YoY. The company is pivoting towards an AI-native enterprise model with 75%+ GenAI-enabled talent.
Happiest Minds reported Q1 FY27 revenue of ₹629 Crore, up 14.3% YoY. The company also highlighted steady operating margin growth and double-digit year-on-year expansion across key metrics.
Happiest Minds Technologies Ltd reported revenue from operations of ₹628.5 Cr (+14.3% YoY) and net profit of ₹67.6 Cr (+18.4% YoY) for Q1 FY27.
Happiest Minds Technologies scheduled a Board Meeting on July 27, 2026. The board will consider and approve unaudited financial results for the quarter ended June 30, 2026.
Happiest Minds clarified that news regarding ITC Infotech acquiring a majority stake lacks disclosable information under Regulation 30. The company maintains no comment on market rumors.
Happiest Minds informed exchanges about its FY26 Annual Report web-link for unregistered shareholders. This is a routine compliance filing with no business or financial impact.
Happiest Minds filed its BRSR for FY 2025-26, disclosing operations and employee data. The report is a routine regulatory filing with no new business event.
Happiest Minds Technologies filed its Integrated Annual Report for FY 2025-26. The report covers corporate governance, financials, and ESG performance for stakeholders.