Happiest Minds Technologies' Q2 FY 2026-27 Quarterly Results

Result Summary

• Happiest Minds Technologies Ltd reported a 2.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 11.9%.
• Its expenses for the quarter were up by 2.9% QoQ and 10.7% YoY.
• The net profit decreased 8.0% QoQ and increased 15.1% YoY.
• The earnings per share (EPS) of Happiest Minds Technologies Ltd stood at 4.12 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Happiest Minds Technologies Ltd is an Indian IT services company that provides digital transformation services and solutions. The company primarily focuses on delivering services in areas such as digital infrastructure and security, cloud, business intelligence, and analytics. It operates in the software development and IT services industry, catering to a wide range of sectors including education, banking, financial services, insurance, retail, and manufacturing. Happiest Minds is known for its efforts in integrating advanced technologies like artificial intelligence, blockchain, and Internet of Things into its offerings. As of the latest available information, there are no significant recent developments disclosed for the company.

Revenue

In the second quarter of fiscal year 2027 (Q2FY27), Happiest Minds Technologies reported a total income of ₹665.99 crores. This marks an increase of 2.1% compared to the previous quarter (Q1FY27) when the total income was ₹652.20 crores. On a year-over-year basis, the company's total income increased by 11.9% from ₹595.18 crores in Q2FY26. The consistent growth in revenue highlights the company's ability to sustain its income levels through its business operations over the comparative periods.

Profitability

For Q2FY27, Happiest Minds Technologies recorded a profit before tax of ₹83.53 crores. This figure represents a decrease of 7.4% from the previous quarter's profit before tax of ₹90.20 crores. Year-over-year, the profit before tax increased by 15.0% from ₹72.66 crores in Q2FY26. The tax expense for Q2FY27 was ₹21.34 crores, reflecting a reduction of 5.6% quarter-over-quarter and a 14.5% increase year-over-year. The profit after tax for the quarter stood at ₹62.19 crores, down 8.0% from the previous quarter but up 15.1% from the same period last year. Earnings per share (EPS) decreased to ₹4.12, an 8.0% decline from Q1FY27, while rising 14.8% from Q2FY26.

Operating Metrics

During Q2FY27, the total expenses for Happiest Minds Technologies amounted to ₹578.48 crores. This represents a 2.9% increase from ₹562.00 crores in Q1FY27, and a 10.7% rise compared to ₹522.52 crores in Q2FY26. The company's financial performance metrics, such as profit before tax and earnings per share, indicate a decline from the previous quarter but an improvement from the same quarter last year. These variations in operating metrics reflect the company's operational adjustments and cost management strategies over different periods.