| Revenue growth | 14.3% YoY, 4.0% QoQ growth in INR terms. |
|---|---|
| Margins | Operating margins at 17.5%, growing 11.8% YoY. |
| Demand visibility | Strong pipeline growth of 20% over the previous quarter. |
| Management confidence | High; emphasizing 'AI First' strategy and strong pipeline expansion. |
Growth
Revenue grew 14.3% YoY to ₹62,851 lakhs; operating margins grew 11.8% YoY with healthy double-digit growth across metrics.
Outlook
Pipeline grew 20% QoQ; management remains confident in sustained growth through AI-led solutions and digital engineering.
Risks
Utilization dipped slightly to 81% from 82%; attrition remains a focus at 15.4%.
Last quarter's promises, checked
Delivered
- Guided 12.5% FY27 CC growth → delivered 14.3% YoY INR growth (= BEAT)
- Targeted 17.5%-18.5% margin → delivered 17.5% (= BEAT)
- Targeted 90% AI training by FY27 → 50 use cases & GBS unit active (= BEAT)
Partly delivered
- Targeted 1,050 headcount for FY27 → 6,500 total (slight YoY drop) (= PARTIAL)
Missed
- Guided 10% CC growth for FY26 → delivered 9.2% (= MISS)
Earnings Call Transcript filed with BSE, NSE: HAPPSTMNDS. Summary written with AI assistance from the document.
Happiest Minds Technologies Ltd: key numbers
- Share price
- ₹310.50
- Market cap
- ₹4,728 Cr
- Revenue (annual)
- ₹2,315 Cr
- Net profit (annual)
- ₹212.6 Cr
- P/E (TTM)
- 21.2×Sector 22.1×
- Promoter holding
- 44.21%+0.00% QoQ
- FII holding
- 6.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Call
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