Happiest Minds Reports FY26 Revenues of ₹2,315 Crores, Growing 12.3%

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), an AI First, customer-centric digital engineering company, today announced its consolidated results for its Fourth quarter ended March 31st, 2026, as approved by its Board of Directors.

Key Financial highlights

Quarter ended March 31st, 2026

- Revenue in INR terms ₹ 60,408 lakhs growing 2.8% q-o-q and 10.9% y-o-y
- Revenue in constant currency grew 0.5% q-o-q and 6.4% y-o-y
- Operating Revenues in US $ stood at $65.0 million growing (1.0)% q-o-q and 3.5% y-o-y
- Total Income of ₹ 62,169 lakhs growing 3.1% q-o-q and 9.0% y-o-y
- Operating Margins 10,621 lakhs growing 5.3% q-o-q and 30.7% y-o-y
- Adjusted PAT of ₹ 7136 Lakhs and Adjusted EPS at ₹ 4.74

Year ended March 31st, 2026

- Revenue in INR terms ₹ 2,31,511 lakhs growing 12.3% y-o-y
- Revenue in constant currency grew 9.2% y-o-y
- Operating Revenues in US $ stood at $2,60,322 million, growing 6.9% y-o-y
- Total Income of ₹ 2,40,008 lakhs growing 11% YoY
- Adjusted PAT of ₹ 27,863 Lakhs and Adjusted EPS ₹18.51

Ashok Soota, Chairman & Chief Mentor, Happiest Minds, said, "We are delighted that our 'AI First. Agile Always' program has generated significant momentum enabling Happiest Minds to declare a guidance 12.5% growth for FY27. We will also strive to progress towards our aspirational growth of 15%".

Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, "We are excited with our strong performance for FY26, surpassing 300+ active customers and achieving a record pipeline increase of 27%. The Education segment is being transformed by GenAI, which will lead to opportunities and revival of the EdTech vertical. In addition to the success of the Arttha banking platform, our Eduweave solution already has live customers and a good set of prospects, and we expect many of our other platforms to drive repeatable sales and solutions."

Venkatraman Narayanan, Managing Director, Happiest Minds, said, "We have shown sequential growth in revenues, every quarter since our IPO which is no mean feat. On the back of our improved utilization of 81% vis-à-vis last year of 77.4%, we have delivered industry leading Operating margins of 17.4% well within our guided range. With our investments of the previous years paying off and based on expected growth of 12.5% in constant currency for the next year, we are planning to improve our margins by at least 100 basis points. On the back of a robust balance sheet and healthy cash flows, we remain well-positioned to continue our investments in our AI-First strategy to deliver sustainable long-term value. We are pleased to announce a final dividend of ₹3.65 per share, subject to shareholder approval."

Sridhar Mantha, CEO of Generative AI Business Services (GBS), Happiest Minds, said, "We remain focused on scaling our AI-first strategy and investing in capabilities that further accelerate enterprise transformation both on innovative AI solutions and leveraging AI for productivity improvements. We see enormous potential in our investments across multiple AI platforms and repeatable solutions, especially in our flagship Enterprise AI Platform, which enable us to deliver transformative solutions and sustainable value to our clients."

Shares of Happiest Minds Technologies Limited was last trading in BSE at Rs. 378.45 as compared to the previous close of Rs. 376.70. The total number of shares traded during the day was 28774 in over 900 trades.

The stock hit an intraday high of Rs. 384.25 and intraday low of 376.60. The net turnover during the day was Rs. 10914367.00.

Source : Equity Bulls

Keywords

HappiestMindsTechnologies INE419U01012 Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate