Happiest Minds Technologies' Q3 FY 2025-26 Quarterly Results
- 10 Feb 2026
Result Summary
- Happiest Minds Technologies Ltd reported a 1.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.9%.
- Its expenses for the quarter were up by 0.9% QoQ and 8.7% YoY.
- The net profit decreased 25.4% QoQ and decreased 19.6% YoY.
- The earnings per share (EPS) of Happiest Minds Technologies Ltd stood at 2.67 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 603.28 | 595.18 | 553.77 | 1.4% | 8.9% |
Total Expenses | 527.05 | 522.52 | 484.83 | 0.9% | 8.7% |
Profit Before Tax | 54.20 | 72.66 | 68.94 | -25.4% | -21.4% |
Tax | 13.90 | 18.64 | 18.84 | -25.4% | -26.2% |
Profit After Tax | 40.30 | 54.02 | 50.10 | -25.4% | -19.6% |
Earnings Per Share | 2.67 | 3.59 | 3.33 | -25.6% | -19.8% |
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 a digital transformation IT consulting & services company offering solutions across various sectors. It focuses on providing services in the areas of digital business, product engineering, infrastructure management, security, and more. Happiest Minds operates in a rapidly evolving technology sector that emphasizes digital transformation and IT solutions. Recent developments in the industry include advancements in artificial intelligence, cloud computing, and cybersecurity, which are key areas of focus for companies like Happiest Minds. As the company continues to engage in technological innovations, it aims to cater to the growing demand for digital transformation services.
Revenue
In the third quarter of fiscal year 2026 (Q3FY26), Happiest Minds Technologies reported a total income of ₹603.28 crores. This represents a quarter-over-quarter increase of 1.4% from ₹595.18 crores in the second quarter of fiscal year 2026 (Q2FY26), and an 8.9% year-over-year increase from ₹553.77 crores in the third quarter of fiscal year 2025 (Q3FY25). The upward trend in total income over both the quarterly and yearly comparisons highlights the company's consistent revenue growth. This period's revenue figures reflect the company's ongoing efforts to expand its market presence and capture a larger share of the digital transformation services market.
Profitability
Happiest Minds Technologies experienced a decline in profitability in Q3FY26, with Profit Before Tax (PBT) decreasing to ₹54.20 crores from ₹72.66 crores in Q2FY26, marking a quarter-over-quarter decline of 25.4%. Year-over-year, PBT also fell by 21.4% from ₹68.94 crores in Q3FY25. Consequently, the Profit After Tax (PAT) for Q3FY26 was ₹40.30 crores, down from ₹54.02 crores in Q2FY26, reflecting a 25.4% decrease. Compared to Q3FY25, PAT declined by 19.6% from ₹50.10 crores. These figures indicate a reduction in profitability despite revenue growth, affecting earnings per share, which decreased to ₹2.67 in Q3FY26 from ₹3.59 in Q2FY26, and ₹3.33 in Q3FY25, marking declines of 25.6% and 19.8% respectively.
Operating Metrics
Total expenses for Happiest Minds Technologies in Q3FY26 were ₹527.05 crores, up from ₹522.52 crores in Q2FY26, showing a slight quarter-over-quarter increase of 0.9%. Year-over-year, total expenses increased by 8.7% from ₹484.83 crores in Q3FY25. The company's tax expense also decreased significantly, with a 25.4% drop from ₹18.64 crores in Q2FY26 to ₹13.90 crores in Q3FY26, and a 26.2% decline year-over-year from ₹18.84 crores in Q3FY25. These operating metrics suggest that while total expenses have risen, tax expenses have decreased, impacting the net profitability of the company.