| EBITDA Margin: guided vs achieved | 19.75% achieved Guided 17.50%–18.50%, 6.8% above the top of the range; confirmed by management |
|---|---|
| Management target | Revenue 12.5% FY27 |
| Revenue growth | 14.3% YoY in INR terms; 6.7% YoY in CC terms. |
|---|---|
| Margins | Operating margin 17.5%; adjusted for one-offs, it stands at 19.75%. |
| Order book | Land and expand strategy; 94.4% repeat business; TCV not disclosed. |
| Demand visibility | Strong pipeline with larger multi-year deals and increasing AI adoption. |
| Management confidence | High; confident in meeting FY27 guidance despite selective discretionary environment. |
Growth
Revenue grew 4% sequentially (2.6% CC) and 14.3% YoY. Adjusted PAT grew 14.3% YoY to ₹80.5 Cr.
Outlook
Maintained FY27 revenue guidance of 12.5%. Long-term aspiration remains 15% growth for FY28. Focused on $20M accounts.
Risks
Prolonged geopolitical conflicts, inflation, and high AI capex reality checks could dampen sentiment and discretionary spending.
Earnings Call Transcript filed with BSE, NSE: HAPPSTMNDS. Summary written with AI assistance from the document.
Happiest Minds Technologies Ltd: key numbers
- Share price
- ₹303.35
- Market cap
- ₹4,619 Cr
- Revenue (annual)
- ₹2,315 Cr
- Net profit (annual)
- ₹212.6 Cr
- P/E (TTM)
- 20.7×Sector 21.8×
- Promoter holding
- 44.21%+0.00% QoQ
- FII holding
- 6.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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