Happiest Minds Technologies (HAPPSTMNDS) Q4 25/26 earnings summary

Executive summary

• FY26 saw consolidated revenues of ₹2,31,511 lakhs, up 12.3% year-over-year, with operating margins at 17.4% and adjusted PAT at ₹27,863 lakhs, growing 9.4% year-over-year.

• Over 300 active customers, including 91 Fortune 2000/Forbes 200 companies, and a record pipeline increase of 27% were achieved.

• AI and GenAI became central to customer engagements, with the launch of the Enterprise AI Platform and strategic deals across insurance, automation, and healthcare.

• Leadership was strengthened and partnerships expanded, including alliances with Anthropic and UnifyApps.

• Recognized as Top Employer India 2026 and received multiple industry and analyst awards.

Financial highlights

• FY26 revenues reached ₹2,31,511 lakhs (INR 2,315 crores), up 12.3% year-over-year; Q4 revenue grew 2.8% sequentially and 10.9% year-over-year to ₹60,408 lakhs.

• EBITDA margin for FY26 was 20.3%, with operating margin at 17.4%.

• Adjusted PAT for FY26 was ₹27,863 lakhs (11.61% of total income), with adjusted EPS at ₹18.51.

• PAT for FY26 was ₹21,263 lakhs, up 15.1% year-over-year.

• Final dividend of ₹3.65 per share recommended, totaling ₹6.40 per share for FY26.

Outlook and guidance

• FY27 revenue growth guidance is 12.5% in constant currency, with aspirations for 15% and a target to improve margins by at least 100 basis points.

• Operating margin targeted at 17.5%-18.5% for FY27, driven by improved utilization and integration efficiencies.

• Planned headcount of 1,050 for FY27, with major hiring in Generative AI and Analytics.

• Continued investments in AI platforms, sales, and talent expected.

• Emphasis on scalable AI solutions and deeper client engagements for long-term growth.