Happiest Minds Technologies Limited has informed the Exchange regarding a press release dated July 29, 2025, titled "Press Release on the financial results of Q1 for FY 26".
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Happiest Minds Technologies announced its Q1 FY26 results for the quarter ended June 30, 2025. Revenue grew to US$64.4 million, up 2.3% quarter-on-quarter and 17.5% year-on-year in constant currency, marking 20 consecutive quarters of sequential growth. Total income rose to ₹579.93 crores (up 18.5% YoY), with EBITDA at ₹124.05 crores at a 21.4% margin. Profit after tax jumped 68% QoQ to ₹57.13 crores, while adjusted PAT stood at ₹68.62 crores (11.8% margin) with an adjusted EPS of ₹4.55. The company added 17 new clients to reach 285 total, headcount grew to 6,523, utilization improved to 78.9%, though attrition rose to 18.2% from 16.6% the previous quarter.
Strong YoY revenue growth, healthy EBITDA margins, and a sharp 68% QoQ PAT jump reflect solid operational execution and should be viewed positively by investors. The uptick in attrition is a minor watchpoint, but management has guided for sustained double-digit growth in FY26.