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Happiest Minds Technologies (HAPPSTMNDS) investor relations material
Happiest Minds Technologies Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary29 Oct, 2025
Executive summary
Achieved H1 FY26 revenue of $129.5M, up 11.8% in constant currency, with EBITDA margin at 20.8% and PAT up 10.6% YoY, driven by strategic transformations, AI-led initiatives, and strong operating leverage.
Raised growth commitment to four consecutive years of double-digit revenue growth, reflecting confidence in pipeline and business model predictability.
30 new clients added in H1, generating $9M revenue with $50M-$60M potential over three years; strong cross-sell traction.
Interim dividend of ₹2.75 per share declared for FY26.
Secured multiple large deals across insurance, healthtech, information services, and retail sectors.
Financial highlights
H1 FY26 revenue: $129.5M (INR 1,123 crore), up 11.8% YoY in constant currency and 14% in INR; Q2 revenue: $65.2M, up 2.3% QoQ in constant currency and 4.4% YoY.
EBITDA for H1: INR 244 crore (20.8% margin); Q2 EBITDA margin: 20.2%.
Operating profit for H1: INR 194 crore (17.3% margin); Q2: INR 97 crore (17% margin); Q2 PAT: ₹5,402 lakhs (9.1% margin), adjusted PAT: ₹6,552 lakhs (11% margin).
Gross margin improved to 37.2% in Q2 from 36.7% in Q1 and 36% YoY.
DSO improved to 88 days from 91 days; ROC and ROE steady at 23% and 14%; ROCE at 22.8% and ROE at 13.8% for Q2.
Outlook and guidance
Reiterated double-digit revenue growth in constant currency and 20%-22% EBITDA margin for FY26.
Confident of improved Q3 and Q4 performance due to deferred deals and GenAI billing starting.
Focus remains on AI, cloud, cybersecurity, and data-driven transformation across key verticals, with digital revenue consistently above 97%.
Strong repeat business (93%) and growing Fortune 2000 client base support future growth.
Margins expected to remain above 20% despite ongoing investments and salary revisions.
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Next Happiest Minds Technologies earnings date
Q3 25/264 Feb, 2026
Next Happiest Minds Technologies earnings date
Q3 25/264 Feb, 2026
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Frequently asked questions
Happiest Minds Technologies Limited is an Indian IT services company that focuses on digital transformation and IT consulting. The company offers a wide range of services including cloud computing, artificial intelligence, Internet of Things (IoT), digital process automation, and cybersecurity. These services are designed to help businesses enhance customer experiences, improve operational efficiency, and gain actionable insights. The company is headquartered in Bengaluru, Karnataka, India, and its shares are listed on the NSE.
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