Happiest Minds Technologies announced its financial results for the second quarter ended September 30, 2026. The company reported a revenue of ₹645 crores, marking a 12.5% increase year-on-year. Operating margins grew by 22.4%, and adjusted PAT increased by 20.7%. The Board also declared an interim dividend of 152.5%, with a record date of November 6, 2026. The company also provided an update on its proposed merger with ITC Infotech.
Happiest Minds Reports Strong Q2 FY27 Performance
Happiest Minds Technologies Limited announced its consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported revenues of ₹645 crores, an increase of 12.5% year-on-year (YoY). Operating margins saw a substantial growth of 22.4% YoY, with adjusted Profit After Tax (PAT) growing by 20.7% YoY.
Dividend Declaration and Key Financials
In a significant announcement for shareholders, the Board of Directors has declared an interim dividend of 152.5%, equivalent to ₹3.05 per equity share of face value ₹2, for the financial year 2026-27. The record date for this dividend is set as November 6, 2026. For the quarter ended September 30, 2026, total income stood at ₹65,599 lakhs, with operating margins at 18.5%. Adjusted PAT for the quarter was ₹7,911 lakhs.
The company also highlighted its performance for the half year ended September 30, 2026, with revenues in INR terms growing 13.4% YoY to ₹1,27,349 lakhs. Total income for the half year was ₹1,31,818 lakhs, growing 12.2% YoY. Operating margins for the half year stood at 17.1%, and adjusted PAT was ₹15,963 lakhs.
Strategic Merger Update
The press release also touched upon the proposed merger of Happiest Minds with ITC Infotech, described as a significant opportunity to create a stronger, more capable, and relevant enterprise. The combination is progressing well and remains on track with targeted timelines. The merged entity aims to build a stronger global technology enterprise with over 19,000 people, aspiring to achieve US$1 billion in annual revenue by FY28.
Q2 Key Wins and Analyst Mentions
Happiest Minds highlighted several key wins in Q2 FY27, including strategic partnerships for Global AI-powered Digital Asset Management, cloud engineering for a global electronics distributor, and Data & Analytics for a US healthcare TPA. The company also received recognition from analysts across various service categories, including ER&D Services, Supply Chain Services, and Generative AI Services.
Company Overview
Happiest Minds Technologies is an AI-first, customer-centric digital engineering company. As of October 2026, the company generates annualized revenues of $260 million, with a global presence and a workforce of over 6,450 employees serving more than 300 customers.
Source: BSE
