Happiest Minds Technologies has announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported operating revenue of ₹645 crore, marking a 12.5% year-on-year growth. The Board has also declared an interim dividend of ₹3.05 per equity share. The company continues to focus on disciplined, profitable growth and the proposed combination with ITC Infotech is progressing as planned.
Happiest Minds Delivers Strong Q2 FY27 Performance
Happiest Minds Technologies Limited announced robust financial results for the second quarter and half-year ended September 30, 2026. The company demonstrated continued growth momentum, delivering healthy revenue growth and improved profitability, supported by disciplined execution and strong customer relationships.
Key Financial Highlights
For the second quarter of FY27, Happiest Minds reported operating revenue of ₹645 crore, representing a 12.5% year-on-year growth and a 2.7% sequential increase in rupee terms. In constant currency, revenue grew 6.8% year-on-year and 2.4% sequentially. The first half of FY27 saw revenue reach ₹1,274 crore, a 13.4% year-on-year increase.
Operating profit saw a significant increase of 22.4% year-on-year to ₹119.1 crore, with operating margins improving by 100 basis points sequentially to 18.5%. Adjusted PAT stood at ₹79.1 crore, with an Adjusted EPS of ₹5.25. For the first half of FY27, operating profit was ₹228 crore and Adjusted PAT was ₹159 crore. The company maintained a strong balance sheet with annualized ROCE of 24.0% and ROE of 14.7%.
Dividend Declaration
In line with its progressive dividend policy and strong performance, the Board of Directors has declared an interim dividend of ₹3.05 per equity share of face value ₹2. The record date for this interim dividend has been fixed as November 6, 2026.
Operational Performance and Growth Outlook
Operationally, Happiest Minds served 311 active customers, including 95 billion-dollar corporations that contributed approximately 60% of revenue. Repeat business stood at 95.1%, IP-led revenue at 10.5%, and utilization improved to 81.8%. The company’s workforce stood at 6,466 employees.
Looking ahead, the company reiterates its FY27 constant currency revenue growth guidance of 12.5% and remains focused on disciplined, profitable growth. The proposed combination with ITC Infotech continues to progress within the indicated timelines, with the combined enterprise expected to bring together over 19,000 professionals and aim for US$1 billion in annual revenue by FY28.
Key Project Wins
The company also highlighted several key project wins across various sectors, including a Global AI-powered Digital Asset Management platform, a Global electronics distributor, a US healthcare TPA, India’s leading manufacturer of commercial vehicles, an Indian specialty steel manufacturer, and a US skincare, beauty and personal care manufacturer.
Analyst Mentions
Happiest Minds received recognition from industry analysts, including ISG and Everest Group, in various reports pertaining to Agentic AI, Generative AI, Manufacturing Industry Services, and Insurance Claims Operations.
Source: BSE
