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Earnings Call

Happy Square Outsourcing Services Earnings Call: Key Takeaways

Happy Square Outsourcing (White Force brand) delivered strong revenue growth while investing heavily in AI integration to evolve from staffing to a tech-driven workforce solutions provider.

Happy Square Outsourcing Services Ltd NSE: WHITEFORCE Alert sent
Why this was an Alfa AlertManagement explicitly guided for 80% revenue growth for the next single year (FY27), which exceeds the 50% growth threshold.
Highlights
Revenue growth12.49% for FY26; 80% target for FY27.
MarginsTemporary dip to 7% due to IPO and AI investments.
Order book25 tenders secured in H2 totaling ₹24.13cr.
Demand visibilityStrong; pipeline includes ₹35cr+ in work orders over 60 days.
Management confidenceHigh; citing L1 status in major government tenders.

Growth

FY26 revenue hit ₹109.88cr (+12.49% YoY); PAT at ₹5.98cr. H2 FY26 revenue grew 35.92% YoY to ₹66.51cr.

Outlook

FY27 revenue growth target of 80%; FY28 revenue guidance of ₹300cr+. Sustained EBITDA margins targeted at 7%+.

Risks

Higher operational costs due to AI investment and cloud infrastructure expenses. Geographic concentration challenges in certain quarters.

Source

Earnings Call filed with NSE, NSE: WHITEFORCE. Summary written with AI assistance from the document.

Read the document ↗

Happy Square Outsourcing Services Ltd: key numbers

Share price
₹32.50
Market cap
₹37.70 Cr
Revenue (annual)
₹109.2 Cr
Net profit (annual)
₹5.98 Cr
P/E (TTM)
6.3×Sector 46.8×
Promoter holding
60.90%
FII holding
2.98%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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