Happiest Minds Technologies' Q1 FY 2025-26 Quarterly Results

Result Summary

• Happiest Minds Technologies Ltd reported a 31.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 18.5%.
• Its expenses for the quarter were up by 40.0% QoQ and 19.5% YoY.
• The net profit decreased 20.6% QoQ and increased 12.0% YoY.
• The earnings per share (EPS) of Happiest Minds Technologies Ltd stood at 3.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Happiest Minds Technologies Ltd is a digital transformation IT consulting and services company. It operates in the information technology industry, offering a range of services that include digital business, product engineering, infrastructure management, and security services. The company's offerings are primarily focused on emerging technologies such as cloud computing, artificial intelligence, and the Internet of Things (IoT). The company aims to enable enterprises to transform their business models by leveraging digital technologies. As of the latest data, there is no specific information on recent major developments for Happiest Minds Technologies Ltd.

Revenue

In Q1FY26, Happiest Minds Technologies Ltd reported a total income of ₹579.93 crores. This represents a significant quarter-over-quarter (QoQ) increase of 31.1% from ₹442.50 crores in Q4FY25. Year-over-year (YoY) growth is also notable at 18.5%, up from ₹489.26 crores in Q1FY25. This increase in revenue may reflect the company's expanding operations or growth in demand for its digital transformation services. The data suggests a robust revenue performance over both the quarterly and annual periods under consideration.

Profitability

For Q1FY26, the company reported a profit before tax of ₹76.87 crores, which is a decrease of 20.1% QoQ from ₹96.15 crores in Q4FY25. However, on a YoY basis, there was a 12.4% increase from ₹68.41 crores in Q1FY25. The profit after tax for Q1FY26 was ₹57.13 crores, showing a QoQ decline of 20.6% from ₹71.98 crores, while YoY, it increased by 12.0% from ₹51.03 crores. The earnings per share (EPS) in Q1FY26 was ₹3.80, decreasing by 20.8% QoQ from ₹4.80, and rising by 11.8% YoY from ₹3.40. These figures highlight fluctuations in profitability, with QoQ declines and YoY increases across the metrics.

Operating Metrics

The company's total expenses for Q1FY26 amounted to ₹503.06 crores, marking a 40.0% increase QoQ from ₹359.30 crores and a 19.5% increase YoY from ₹420.85 crores. This significant rise in expenses correlates with the revenue growth, suggesting increased operational activity. The tax expenses for Q1FY26 were ₹19.74 crores, which is an 18.3% decrease QoQ from ₹24.17 crores, and a 13.6% increase YoY from ₹17.38 crores. These operational metrics indicate changes in cost structures and tax obligations over the respective periods. The analysis of expenses and tax reflects the financial dynamics underlying the company's operations during the quarter.