Happiest Minds Q1FY27: Net Profit Rises 18.3% To ₹67.6 Crore

Happiest Minds Technologies opened FY27 with a strong quarter, reporting consolidated net profit of ₹67.6 crore for the April to June period, up 18.3% year-on-year (YoY) from ₹57.13 crore and 10.5% sequentially from ₹61 crore.

Revenue from operations grew 14.3% year-on-year to ₹628.51 crore from ₹549.9 crore and rose 4% sequentially.

At 10:30 AM on Tuesday, Happiest Minds Technologies shares were up by more than 0.90%, trading at ₹391.2. Shares closed 1.11% lower at ₹383.40 on the National Stock Exchange (NSE) today.

Key Financial Highlights Of Happiest Minds Q1FY27

• Net profit: ₹67.6 crore, up 18.3% YoY and 10.5% quarter-on-quarter (QoQ)

• Revenue from operations: ₹628.51 crore, up 14.3% YoY and 4% QoQ

• Operating margins: ₹109 crore, up 11.8% YoY and 2.3% QoQ

• Operating margin: 15.1%, up from 13.6% in the previous quarter

• Revenue in US dollar terms: $66.2 million, up 1.7% QoQ and 2.9% YoY

• Constant currency revenue growth: 2.6% QoQ and 6.7% YoY

• Adjusted profit after tax: ₹81 crore

• Adjusted earnings per share: ₹5.34, up 17% YoY

• Total income: ₹652 crore, up 4.9% QoQ and 12.5% YoY

• Client base: 306, with six new additions during the quarter

• Employees: 6,532 across 16 countries as of 30 June 2026

• Trailing 12-month attrition: 15.4%, down from 17% in the previous quarter

Pipeline Growing

Co-Chairman and Chief Executive Joseph Anantharaju said the company's AI-first strategy is gaining traction across AI and analytics, digital engineering, platforms and industry-focused solutions. The pipeline grew 20% over the previous quarter, and he said the quality and breadth of opportunities give him confidence in delivering sustained growth.

The AI View From The Top

Chairman Ashok Soota said artificial intelligence (AI) represents the single largest value creation opportunity in the history of the technology services industry. He described the company's ‘AI First. Agile Always.’ strategy as enabling higher-value problem-solving rather than replacing human expertise and said organisations that embrace AI responsibly will emerge stronger and more competitive.

Managing Director Venkatraman Narayanan said the company started FY27 on a strong note with healthy revenue growth and expanding margins. He highlighted that year-on-year growth across all key financial metrics remained in double digits, pointing to the underlying strength of the business.

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