Happiest Mind Technologies Ltd Q3FY21 consolidated PAT at Rs. 42.15 crore

Happiest Mind Technologies Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.201.29 crores during the period ended December 31, 2020 as compared to Rs.187.91 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.42.15 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.34.08 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.89 for the period ended December 31, 2020 as compared to Rs.2.42 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 201.29 crs	₹ 187.91 crs	7.12%
Net Profit	₹ 42.15 crs	₹ 34.08 crs	23.68%
EPS	₹ 2.89	₹ 2.42	19.42%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.201.29 crores during the period ended December 31, 2020 as compared to Rs.175.57 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.42.15 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.21.38 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.89 for the period ended December 31, 2020 as compared to Rs.1.60 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 201.29 crs	₹ 175.57 crs	14.65%
Net Profit	₹ 42.15 crs	₹ 21.38 crs	97.15%
EPS	₹ 2.89	₹ 1.60	80.62%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.574.33 crores during the 9 months period ended December 31, 2020 as compared to Rs.524.02 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.126.41 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.66.41 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.8.95 for the 9 months period ended December 31, 2020 as compared to Rs.4.97 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 574.33 crs	₹ 524.02 crs	9.6%
Net Profit	₹ 126.41 crs	₹ 66.41 crs	90.35%
EPS	₹ 8.95	₹4.97	80.08%

Joseph Anantharaju, Exec. Vice Chairman and CEO - Product Engineering Services, Happiest Minds Technologies said, "We have a strong deal pipeline on the back of increasing market demand and are thankful to all our customers for the trust they have reposed in us. Our people are our key strength and they continue to play a critical role in our growth and ensuring customer delight."

Venkatraman Narayanan, Managing Director & CFO, Happiest Minds Technologies said, "We are indeed happy to deliver another successful quarter showing good growth in revenue and profits. Revenues in US dollar terms grew YoY by 8.8% and QoQ by 6.0% while our profits after tax have grown YoY by 97.1% and QoQ by 23.7%. We continue to maintain and improve on key capital return ratios which are key to increasing our shareholder and stakeholder value".

Source : Equity Bulls

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