Happiest Minds Technologies Limited has informed the Exchange about General Updates
HAPPSTMNDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Happiest Minds reported Q4 FY25 revenue of $62.9M, up 25.6% year-on-year in constant currency, with full year FY25 revenue at $243.6M (up 24.2% YoY). In rupee terms, quarterly revenue grew 30.5% to ₹544.6 crores and FY25 revenue rose 26.8% to ₹2,060.8 crores. However, profitability weakened sharply — Q4 PAT fell 52.8% YoY to ₹34.0 crores and FY25 PAT dropped 25.7% to ₹184.7 crores. EBITDA margin compressed to 19.3% in Q4 (from 24.5% in Q4 FY24) and 21.4% for the full year (from 24.6% in FY24). The company ended the year with 6,632 employees (up 1,464 YoY) and 281 active clients, but voluntary attrition rose to 16.6% from 13% a year ago. The BFSI vertical expanded significantly to 22.5% of revenue (from 10.9% in FY24), and a new Generative AI Business Services (GBS) unit was launched.
The sharp mismatch between strong revenue growth (25%+) and steep profit decline (53% in Q4 PAT) is likely to pressure the stock, as investors in IT services closely watch margin trajectories. The compression in EBITDA margins and rising attrition may draw scrutiny on the earnings call scheduled for May 13.