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 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 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 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 FY26 revenue of ₹2,315 Cr (up 12.3%) and PAT of ₹213 Cr (up 15%), focusing on an AI-first digital engineering strategy.
Happiest Minds reconfirmed FY27 growth guidance of 12.5% and announced its 12th strategic AI initiative, 'The Enterprise AI Platform', to drive enterprise-grade AI adoption and operational efficiency.
Happiest Minds delivered strong FY26 performance with 12.3% revenue growth, pivoting to an 'AI-First' model. The company crossed the ₹2,300 Cr revenue mark while maintaining EBITDA margins above 20%.