Happiest Minds Technologies Limited has informed the Exchange about General Updates
HAPPSTMNDS · price
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Happiest Minds reported FY25 total income of ₹2,162 crore, up 26.4% year-on-year, with EBITDA margin of 21.4% (₹462 crore) and adjusted PAT of ₹255 crore (EPS of ₹16.92). The company maintained its industry-leading margin range for 20 straight quarters and recommended a total dividend of ₹6 per share (₹2.50 interim + ₹3.50 final). Management announced a new organizational structure with Joseph Anantharaju as Co-Chairman & CEO, and highlighted completed acquisitions of Pure Software, Aureus, and the GAVS Middle East business. A separate GenAI business unit is running at 44% utilization with 15 proof-of-concept projects in the pipeline and one deal already signed in healthcare. The Board also sought shareholder approval to raise borrowing limits beyond the current ₹1,000 crore cap to fund future acquisitions and working capital needs.
Strong FY25 results, industry-leading margins, and a clear growth roadmap (GenAI, GCC segment, and acquisitions) are positive for long-term shareholders, while the proposed borrowing limit increase signals management is actively looking at more acquisitions. However, shareholders raised concerns about the stock falling from ₹832 highs to ₹620 levels and stagnant EPS growth due to past dilution, which management declined to comment on.