Happiest Minds Technologies Limited has informed the Exchange regarding 'Communication To Shareholders Financial Results For The Quarter Ended June 30, 2025'.
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Happiest Minds reported Q1 FY26 revenue of $64.4 million, up 2.3% quarter-on-quarter and 15.9% year-on-year (17.5% YoY in constant currency). Total income grew 18.5% YoY to ₹57,993 lakhs, marking 20 consecutive quarters of sequential growth. EBITDA stood at ₹12,405 lakhs with a 21.4% margin, while profit after tax surged 68% QoQ and 12% YoY to ₹5,713 lakhs. The company added 17 new clients (total 285), headcount rose to 6,523, and utilization improved to 78.9% from 77.3%. The management reiterated guidance of double-digit growth for FY26 and aims for three consecutive years of double-digit growth, with continued investments in GenAI and sales.
Solid start to FY26 with broad-based growth across metrics. The sharp QoQ PAT jump of 68% signals strong operational momentum, but the YoY EBITDA margin compression (from 23.9% to 21.4%) may draw some investor attention. Overall, the results support a stable growth narrative for shareholders.