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Happiest Minds Technologies (HAPPSTMNDS) investor relations material

Happiest Minds Technologies Q1 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 25/26 earnings summary30 Jul, 2025

Executive summary

  • Achieved 17.5% year-over-year growth in constant currency for Q1 FY26, with EBITDA margin at 21.4% and strong profitability despite industry headwinds.

  • 285 active customers, including 85+ Fortune 2000/Forbes 200 corporations, with 17 new clients added in Q1.

  • Repeat business remained robust at 93.7–94%, indicating strong customer loyalty and stable growth.

  • Recognized for workplace excellence and innovation, with multiple awards and analyst recognitions in 2023–2025.

  • Key project wins and large-scale digital transformation projects secured across multiple sectors.

Financial highlights

  • Q1 FY26 revenue: $64.4 million, up 2.3% sequentially and 17.5% year-over-year in constant currency.

  • Total income in rupees was ₹58,000 crores, up 18.5% year-over-year.

  • EBITDA for Q1 FY26: ₹12,405 lakhs, margin at 21.4%, up 12.9% sequentially and 6.3% year-over-year.

  • Adjusted EPS for the quarter was ₹4.55; utilization reached 78.9%, the highest in nine quarters.

  • PAT was ₹5,713 lakhs, up 68% sequentially and 12% year-over-year; adjusted PAT at ₹6,862 lakhs.

Outlook and guidance

  • Targeting double-digit growth in constant currency for FY26, with EBITDA margin guidance maintained at 20–22%.

  • H2 expected to outperform H1, barring typical Q3 seasonality; strong order book and pipeline across verticals.

  • Focus on digital transformation, agile delivery, and expansion in next-gen digital services.

  • Emphasis on profitable growth, ESG excellence, and world-class team development.

  • Billion-dollar revenue target for FY31 remains, but growth assumptions are under review due to changing market conditions.

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Q2 25/2613 Nov, 2025
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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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