Happiest Minds Technologies Limited has announced its financial results for the fiscal year ended March 31, 2026. The company reported a 12.3% year-on-year revenue growth to ₹2,315 crore. Operating profit stood at ₹401 crore, with a healthy operating margin of 17.4%. The Board has recommended a final dividend of ₹3.65 per equity share, bringing the total dividend for FY26 to ₹6.40 per share.
Happiest Minds Reports Strong FY26 Performance
Happiest Minds Technologies Limited has released its audited consolidated financial results for the fiscal year ended March 31, 2026. The company achieved a robust revenue of ₹2,315 crore, marking a significant 12.3% year-on-year growth. The operating profit for the fiscal year was ₹401 crore, also showing a 12.3% year-on-year increase. The operating margin remained strong at 17.4%, indicating efficient operations.
Q4 FY26 Highlights
In the fourth quarter of FY26 (ended March 31, 2026), Happiest Minds reported revenues of ₹604 crore, a 10.9% growth year-on-year and a 2.8% sequential increase. Operating profit for the quarter stood at ₹106 crore with margins at 17.5%. The company demonstrated improved operational efficiencies, with utilization rising to 81.4% and ending the year with 306 active customers.
Dividend Recommendation for FY26
The Board of Directors has recommended a final dividend of ₹3.65 per equity share for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming 15th Annual General Meeting (AGM). If approved, the total dividend per share for FY26 will be ₹6.40.
Strategic Progress and Future Outlook
The company highlighted continued progress in its ‘Al First’ journey, with increasing customer adoption of Al-led transformation initiatives. The pipeline has grown by 27% during the quarter, boosting confidence in future opportunities. Looking ahead to FY27, Happiest Minds remains focused on profitable growth and disciplined execution, confident in achieving its growth guidance of 12.5%.
Key Financials at a Glance
Fiscal Year Ended March 31, 2026
- Total Revenue: ₹2,31,511 lakhs (approx. ₹2,315 crore)
- Total Income: ₹2,40,008 lakhs (approx. ₹2,400 crore)
- EBITDA: ₹48,835 lakhs
- Operating Margin: 17.4%
- PAT: ₹21,263 lakhs
- Adjusted PAT: ₹27,863 lakhs
- Adjusted EPS: ₹18.51
Quarter Ended March 31, 2026
- Total Revenue: ₹60,408 lakhs
- Total Income: ₹62,169 lakhs
- Operating Margin: 17.5%
- PAT: ₹6,117 lakhs
- Adjusted PAT: ₹7,136 lakhs
- Adjusted EPS: ₹4.74
Key Project Wins and Awards
The company also detailed several key project wins across various sectors including insurance, financial services, print and communication, industrial service, and warehouse automation. Happiest Minds was recognized as a Top Employer India 2026 for its People-First Practices. Joseph Anantharaju received the Distinguished Alumnus Award 2026 by BITS Pilani.
Source: BSE
