ALFA Finder India's fastest NSE & BSE filing alerts on Telegram, filtered to the stocks you hold Telegram alerts alfafinder.com →
Thursday, 12 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

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.

Highlights
Revenue growth+12.5% YoY INR; +6.8% constant currency; +2.7% QoQ.
MarginsOperating margin 18.5%, up 100bps QoQ; utilization and IP mix driven.
Demand visibilitySelective enterprise spending; AI, modernization, data, cybersecurity opportunities.
Management confidenceBalanced; upbeat on AI, acknowledges mixed macro.

Growth

Revenue ₹645 Cr, +12.5% YoY (INR), +6.8% constant currency; operating profit +22.4% YoY.

Outlook

Combined ITC Infotech entity targets US$1B annual revenue by FY28; merger targeted around Oct–Nov 2027.

Risks

US geo flat (+0.9% QoQ), EdTech drag, DSO up to 101 days, merger approvals pending.

Source

Earnings Call Transcript filed with BSE, NSE: HAPPSTMNDS. Summary written with AI assistance from the document.

Read 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 →