ALFA Finder| Management target | Revenue FY28 |
|---|
| Margins | Targeting 18.1% adjusted EBITDA margin on combined basis. |
|---|---|
| Order book | Combined access to Fortune 500 and enterprise accounts. |
| Demand visibility | Strong AI-led transformation opportunities identified. |
| Management confidence | High; aiming for $1B revenue scale via merger synergies. |
Growth
Combined FY26 pro-forma revenue is estimated at ₹7,033 Cr with an 18.1% adjusted EBITDA margin.
Outlook
Targeting US$1 billion annual revenue by FY28; synergy focus on AI-led transformation and geographic expansion into Europe.
Risks
Regulatory approvals required from CCI, SEBI, and NCLT; integration risks and 15-month indicative timeline.
Last quarter's promises, checked
Delivered
- FY27 revenue guidance → 12.5% (= BEAT - Current call summary shows pro-forma scaling)
- EBITDA margin expectation 17.5%-18.5% → delivered 21.7% (= BEAT)
- Billion-dollar customers → increased from 91 to 92 (= BEAT)
Partly delivered
- GBS revenue target → 5.5-6% of revenue (= PARTIAL - still below 10% target)
Investor Presentation filed with BSE, NSE: HAPPSTMNDS. Summary written with AI assistance from the document.
Happiest Minds Technologies Ltd: key numbers
- Share price
- ₹317.60
- Market cap
- ₹4,836 Cr
- Revenue (annual)
- ₹2,315 Cr
- Net profit (annual)
- ₹212.6 Cr
- P/E (TTM)
- 20.9×Sector 23.6×
- Promoter holding
- 44.21%+0.00% QoQ
- FII holding
- 6.51%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Happiest Minds Technologies Ltd
All →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.
Happiest Minds Technologies Investor Presentation: Key Takeaways
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 Technologies Results Update
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 Technologies Dividend
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 Q2 FY27 Results: Net Profit ₹62.2 Cr, Up 15.2% YoY
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.
- Key figure
- Net profit ₹62.2 Cr · +15.2% YoY
Happiest Minds Technologies Board Meeting Date
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.