DBT Bureau
Pune, 29 July 2025
Happiest Minds Technologies Limited announced its consolidated results for the First quarter ended June 30, 2025, as approved by its Board of Directors.
Ashok Soota, Chairman & Chief Mentor, said, “Our strong start to Q1 FY26 underscores the continued confidence our customers place in us and the impact of our differentiated digital capabilities. As we harness the transformative power of Generative AI and deep tech, Happiest Minds remains steadfast in delivering purposeful innovation and long-term value. With a sharp focus on mindful execution, customer-centricity, and technology leadership, we are well-positioned to sustain double-digit growth for the year and have laid a foundation for achieving three consecutive years of double-digit growth.”
Joseph Anantharaju, Co-Chairman & CEO, said “We have delivered a strong Q1 performance with revenues of US $64.4 Million, marking 2.3% q-o-q and 17.5% y-o-y growth in constant currency. This momentum reflects the contribution of the ten transformations we have undertaken to drive our growth. Our differentiated capabilities in Generative AI, Data, and Cybersecurity—combined with our verticalized structure—position us as the partner of choice. We remain confident in our ability to scale impact and drive sustainable growth for our clients and stakeholders.”
Venkatraman Narayanan, Managing Director, said, “Even as we continue to invest into AI and strengthen our sales engine, we have delivered 20 quarters of sequential growth with a robust EBITDA of 21.4%. Our unwavering focus remains on driving sustainable growth, enhancing operational efficiency, and consistently creating long-term value for our shareholders.”
Key Financial highlights
Quarter ended June 30, 2025
· Revenue in constant currency grew 2.3% q-o-q and 17.5% y-o-y
· Operating Revenues in US$ stood at $64.4 million, growing 2.3% q-o-q and 15.9% y-o-y
· Total income of ₹ 57,993 lakhs grew 1.7% q-o-q and 18.5% y-o-y
· EBITDA of ₹ 12,405 lakhs stood at 21.4% of Total Income. Growth of 12.9% q-o-q and 6.3% y-o-y
· PAT of ₹ 5,713 lakhs 9.9% of Total Income. Growth of 68% q-o-q and 12% y-o-y
· Adjusted PAT and EPS (adjusted only for non-cash charges and exceptional items), a more reliable profitability measures stood at:
- Adjusted PAT of ₹ 6,862 lakhs at 11.8% of Total income. Growth of 19.1% q-o-q
- Adjusted EPS at ₹ 4.55
