Happiest Minds Technologies' Q2 FY 2025-26 Quarterly Results

Result Summary

• Happiest Minds Technologies Ltd reported a 2.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.5%.
• Its expenses for the quarter were up by 3.9% QoQ and 8.6% YoY.
• The net profit decreased 5.4% QoQ and increased 9.1% YoY.
• The earnings per share (EPS) of Happiest Minds Technologies Ltd stood at 3.59 during Q2 FY 2025-26.

Financial Statments for Q2 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 an IT services company, known for providing digital business solutions. The company primarily operates in the IT and software industry, offering services such as digital transformation, infrastructure management, and product engineering. As of the latest data, Happiest Minds focuses on emerging technologies and digital solutions, catering to a variety of sectors including retail, healthcare, BFSI (Banking, Financial Services, and Insurance), and manufacturing. The company has positioned itself as a key player in providing next-generation digital services. However, no specific recent major developments are provided in the available data.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Happiest Minds Technologies Ltd reported a total income of ₹595.18 crores. This represents a quarter-over-quarter (QoQ) increase of 2.6% from ₹579.93 crores in Q1FY26, and a year-over-year (YoY) growth of 8.5% from ₹548.67 crores in Q2FY25. The consistent growth in revenue highlights the company's ability to enhance its income stream compared to both the previous quarter and the same quarter in the previous year. The data reflects a steady upward trajectory in revenue generation over the periods considered.

Profitability

For Q2FY26, Happiest Minds Technologies Ltd recorded a Profit Before Tax (PBT) of ₹72.66 crores, reflecting a decline of 5.5% from the previous quarter's PBT of ₹76.87 crores. However, there is an increase of 7.3% from the PBT of ₹67.72 crores in Q2FY25. The tax expense for Q2FY26 was ₹18.64 crores, marking a decrease of 5.6% QoQ and a 2.4% increase YoY. Consequently, the Profit After Tax (PAT) for Q2FY26 stood at ₹54.02 crores, showing a decrease of 5.4% QoQ from Q1FY26 but a notable increase of 9.1% YoY from Q2FY25. Earnings Per Share (EPS) similarly decreased by 5.3% QoQ but increased by 9.1% YoY, with a Q2FY26 EPS of ₹3.59.

Operating Metrics

Happiest Minds Technologies Ltd reported total expenses of ₹522.52 crores in Q2FY26, which signifies an increase of 3.9% from ₹503.06 crores in Q1FY26 and an 8.6% rise from ₹480.95 crores in Q2FY25. This reflects a consistent upward trend in expenses, aligned with the growth in revenue. The proportionate increase in total expenses relative to revenue indicates controlled operating efficiency. The company’s focus on expanding its digital services portfolio could be a contributing factor to the increased expenditure, although specific operational metrics such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the available data.