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Happiest Mind Technologies Ltd posts consolidated PAT of Rs. 34.08 crore in Q2 FY2020-21
Posted On : 2020-11-04 21:50:11( TIMEZONE : IST )
Happiest Mind Technologies Ltd has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.187.91 crores during the period ended September 30, 2020 as compared to Rs.186.99 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.34.08 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.50.18 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.2.42 for the period ended September 30, 2020 as compared to Rs.3.72 for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 187.91 crs | ₹ 186.99 crs |  0.49% |
| Net Profit | ₹ 34.08 crs | ₹ 50.18 crs |  -32.08% |
| EPS | ₹ 2.42 | ₹ 3.72 | -34.95% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.187.91 crores during the period ended September 30, 2020 as compared to Rs.180.68 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.34.08 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.26.67 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.2.42 for the period ended September 30, 2020 as compared to Rs.2 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 187.91 crs | ₹ 180.68 crs | 4% |
| Net Profit | ₹ 34.08 crs | ₹ 26.67 crs | 27.78% |
| EPS | ₹ 2.42 | ₹ 2 | 21% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.374.90 crores during the 6 months period ended September 30, 2020 as compared to Rs.348.45 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.84.26 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.45.03 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.6.04 for the 6 months period ended September 30, 2020 as compared to Rs.3.38 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 374.90 crs | ₹ 348.45 crs | 7.59% |
| Net Profit | ₹ 84.26 crs | ₹ 45.03 crs | 87.12% |
| EPS | ₹ 6.04 | ₹3.38 | 78.7% |
Mr. Ashok Soota, Executive Chairman: "We would like to express our gratitude for a very successful IPO and extend a warm welcome to all our new shareholders. We specially want to express gratitude to our customers for their ongoing support and record level of appreciations received during these COVID times. We are happy to report a good all-round performance this quarter and this is a testimony of our digital focus, agility and commitment to all our stakeholders."
Mr. Venkatraman Narayanan, Exec. Director & CFO: "We are happy to present our 1st results after going public. In our business we continue to build depth and capabilities in the digital services space results of which are visible. Despite the environment we have shown growth in revenues on a sequential basis and bettered our EBITDA both sequentially and on a year over year basis. On PAT, in the immediately preceding quarter instead of a provision for Income-tax we had a one-time credit for deferred taxes and from the current quarter we have reverted to normal provisions."
