This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Happiest Minds Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
HAPPSTMNDS · price
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Happiest Minds reported FY25 revenue of $243.6 million, up 24.2% year-on-year (25.6% in constant currency), with total income rising 26.4% to ₹2,16,222 lakhs. Full-year EBITDA stood at ₹46,224 lakhs at a 21.4% margin (down from 24.6% in FY24), while PAT fell 25.7% to ₹18,466 lakhs due to higher finance costs, amortization of intangibles, and a one-time exceptional expense of ₹1,859 lakhs. Q4 was softer — EBITDA margin slipped to 19.3% on a ₹1,204 lakh bad debt, dragging PAT down 52.8% YoY. Adjusted PAT for the year was ₹24,638 lakhs (EPS ₹16.37), broadly flat versus FY24. The board recommended a final dividend of ₹3.50 per share, appointed V Sreedharan & Associates as secretarial auditor for 5 years, and re-appointed three independent directors for a second 5-year term. Statutory auditor Deloitte Haskins and Sells issued an unmodified opinion.
Strong top-line growth continues, but the sharp fall in Q4 PAT, compressed EBITDA margin, and rising attrition (16.6% vs 15.3% prior quarter) may pressure the stock in the near term. The dividend and stable leadership offer some support, while investors will watch margin recovery in FY26.
| Q4 FY25 | Q4 FY24 | Change | |
|---|---|---|---|
| Revenue | ₹544.6 Cr | ₹417.3 Cr | +30.5% |
| Operating profit | ₹36.59 Cr | ₹57.99 Cr | −36.9% |
| Profit after tax | ₹34.00 Cr | ₹71.98 Cr | −52.8% |
| EBITDA margin | 13.2% | 23.0% | −9.8 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.