Happiest Minds Technologies Limited has informed the Exchange regarding a press release dated May 12, 2025, titled "Financial Results of Q4 FY25".
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Awaiting price reaction for this filing.
Happiest Minds reported Q4 FY25 total income of ₹570.5 Crores, up 28.9% year-on-year, with operating revenue of $63 million growing 25.6% YoY. For the full year FY25, total income reached ₹2,162 Crores, a strong 26.4% YoY growth, with annual EBITDA of ₹462 Crores at a healthy 21.4% margin. However, Q4 profitability was hit — EBITDA fell 6% QoQ due to a one-time bad debt of ₹12 Crores, and PAT dropped 32% QoQ to ₹34 Crores. Annual PAT stood at ₹184.7 Crores (down 25.7% YoY), while adjusted PAT (excluding exceptional items) was ₹246.4 Crores with adjusted EPS of ₹16.37. The Board has recommended a final dividend of ₹3.5 per share for FY25, and the company added 14 new clients taking the total to 281.
Strong top-line growth and stable annual EBITDA margin are positives, but sharp PAT decline and a one-time bad debt may concern short-term investors. The dividend declaration and confident FY26 growth outlook from management could support sentiment, though rising attrition (16.6% vs 15.3% prior) is a watch point.