Happiest Minds Technologies has released its earnings presentation for the quarter and half-year ended September 30, 2026. The company also provided an update on its proposed merger with ITC Infotech, with key timelines for shareholder and regulatory approvals extending into November 2027. The presentation was circulated to investors and analysts ahead of an earnings call scheduled for November 03, 2026.
Q2 FY27 Financial Performance Overview
Happiest Minds Technologies has announced its financial results for the second quarter (Q2) and the first half of the fiscal year 2027 (FY27), ending on September 30, 2026. The company has prepared an Earnings Presentation detailing this performance, which has been circulated to investors and analysts. This presentation will serve as the basis for discussions during the upcoming Earnings Call scheduled for November 03, 2026, at 9:00 A.M. IST.
Key Financial Highlights from Q2 FY27
The financial data for Q2 FY27 shows the following key figures:
- Total Income: ₹66,599 Lakhs, a 2.1% increase QoQ and a 11.9% increase YoY.
- Operating Margin: 18.5%, an increase from 17.5% in Q1 FY27 and 17.0% in Q2 FY26.
- EBITDA: ₹14,204 Lakhs, representing a 18.1% YoY growth.
- PAT (Profit After Tax): ₹6,219 Lakhs, with a 15.1% YoY growth.
- Adjusted PAT: ₹7,911 Lakhs, marking a significant 20.7% YoY increase.
Proposed Merger with ITC Infotech
The company is proceeding with its proposed merger with ITC Infotech. The estimated timelines for the completion of this merger indicate significant steps throughout late 2026 and 2027. Key milestones include:
- Board Approval: Completed on August 31, 2026.
- Shareholders’ Approval: Expected in October 2026.
- Regulatory Approvals: Awaiting approval from authorities in India and the Kingdom of Saudi Arabia in October and November 2026, respectively.
- Stock Exchange & SEBI Review: Expected between December 2026 and January 2027.
- NCLT Filing and Order: Expected by January 2027 for filing and September/October 2027 for the order receipt.
- Listing & Trading of New Securities: Anticipated in November 2027.
The company has noted that these timelines are estimates and subject to necessary statutory and regulatory approvals. The merger aims to create a larger, more competitive entity in the digital engineering and IT services space.
Source: BSE
