Happiest Minds Technologies announced its unaudited financial results for the quarter and nine months ended December 31, 2025. Key highlights include Revenue reaching $65.7 Mn, an Operating Margin of ₹10,087 Lakhs (YoY growth of 8.8%), and Adjusted PAT rising 13.0% YoY to ₹6,992 Lakhs. The management emphasized accelerating growth through its ‘AI First. Agile Always.’ strategy, noting 32 Generative AI & Agentic AI use cases moving beyond prototypes.
Q3 FY26 Financial Performance Overview
Happiest Minds Technologies Limited’s Board of Directors approved the financial statements for the quarter and nine months ending December 31, 2025. The company highlighted robust figures across key metrics for the reporting period:
- Revenues: Totaled $65.7 Mn. CC Revenue Growth was 7.1% Year-over-Year (YoY).
- Operating Margin: Stood at ₹10,087 Lakhs, reflecting a YoY increase of 8.8%.
- EBITDA: Recorded at ₹12,283 Lakhs, showing a YoY growth of 5.1%.
- Adjusted PAT: Increased by 13.0% YoY, totaling ₹6,992 Lakhs.
CEO Joseph Anantharaju noted that Adjusted PAT, when excluding non-cash acquisition costs and the one-time wage code charge, stood at 11.6% for the quarter, up from 11.0% the previous quarter. The company continues to focus on long-term value creation via its AI First approach.
Strategic Focus: The ‘AI First’ Transformation
Chairman & Chief Mentor Ashok Soota reiterated the ‘AI First. Agile Always.’ strategy, the company’s 11th strategic transformation. This initiative is being operationalized across four core areas: building advanced AI solutions, AI-native software development, ITSM, and cybersecurity. The leadership views recent market turbulence surrounding AI announcements as an opportunity, not a threat.
CEO of Generative AI Business Services (GBS), Sridhar Mantha, detailed the progress of their AI Services Delivery Platform, which integrates proven frameworks and intelligent agents designed to speed up time-to-market and improve service delivery productivity. The company currently has 32 Generative AI & Agentic AI use cases that have successfully advanced beyond initial prototypes.
Furthermore, the management emphasized the potential of the AgenticAI approach using a Hybrid Coding paradigm, aiming to address customer tech debt cost-efficiently and risk-free.
Key Client Engagements and Project Wins
The report highlighted several significant project wins demonstrating the application of AI First across verticals:
- Partnering with a Global FMCG leader to use GenAI automation for monitoring over 14,000 global vendors against sanctions and regulatory watchlists.
- Assisting a top United States based insurance provider in defining their AI roadmap and reference architecture for enterprise-wide adoption.
- Working with a US healthcare BPO company to optimize their entire cloud infrastructure.
- Engaging with a premium interiors retailer in Australia to build a GenAI powered sales assistant for natural language product discovery and automated quoting.
- Collaborating with a leading academic and research institution in Asia to drive digital and AI-based transformation for a future-ready campus experience.
People and Recognition
The company reported having 6,548 people, reflecting continued investment in talent. Happiest Minds received multiple recognitions, including winning the Best Use of AI in DevOps award at the 9th Edition India DevOps Show 2025. The Integrated Annual Report 2025 also secured double Gold at the LACP Spotlight Awards, ranking #56 globally. The firm was also recognized as among the Best Companies for Women in IT by Avtar and Seramount.
Source: BSE
