Happiest Minds Technologies Q1 results, quarter to Jun 2026

NSE: HAPPSTMNDSBSE: 543227IT - SoftwareSmall Cap

Happiest Minds Technologies Limited · Face value ₹2 · Listed Sep 2020 · Issue price ₹166

₹297.65₹7.50 (2.46%)BSE ₹297.90

Share price at the NSE close on 30 Oct 2026. Previous close ₹305.15.

30 Oct: open ₹305.20, high ₹309.00, low ₹296.05

52-week range of traded prices to 30 Oct 2026

₹295.10Low, 26 Oct 2026₹524.55High, 30 Oct 2025

Next results date: the board meets on 2 Nov 2026 to consider: financial results and dividend. The notice · Results calendar

Market cap: ₹4,532 Cr732nd largest listed
P/E: 20.32
P/B: 2.68
Dividend yield: 2.15%
ROE: 13.7%
ROCE: 10.9%
Debt to equity: 0.84
Volume, NSE: 4,35,29242.0% delivered

Happiest Minds Technologies filed its Q1 results for the quarter to Jun 2026 on 27 Jul 2026 at 8:13 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Happiest Minds Technologies annual results and balance sheet

Revenue: ₹629 Cr+14.3% on a year ago · +4.0% on the quarter before
Operating profit: ₹118 Cr+25.1% on a year ago · +13.5% on the quarter before
Net profit: ₹68 Cr+18.3% on a year ago · +10.5% on the quarter before
Earnings per share: ₹4.49+18.5% on a year ago · +10.6% on the quarter before
Operating margin: 18.7%
Net margin: 10.8%

From revenue to net profit, ₹ crore

Revenue629
Employee costs−411
Other expenses−100
Operating profit118
Depreciation−23
Other income+24
Finance costs−28
Profit before tax90
Tax−23
Net profit68

Happiest Minds Technologies results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹629 Cr, quarter to Jun 2026; lowest ₹407 Cr, quarter to Sep 2023

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 8 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3Filed 4 Feb	Mar 2025Q4Filed 12 May	Jun 2025Q1Filed 29 Jul	Sep 2025Q2Filed 28 Oct	Dec 2025Q3Filed 9 Feb	Mar 2026Q4Filed 28 May	Jun 2026Q1Filed 27 Jul
Revenue from operations	265	284	301	329	356	367	378	391	407	410	417	464	522	531	545	550	574	588	604	629
	204	216	229	245	265	277	286	302	324	329	334	379	430	437	461	456	475	480	500	511
Materials and goods bought	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Employee costs	153	160	167	178	199	209	221	235	255	261	263	300	351	356	359	375	389	392	404	411
Other expenses	51	55	62	67	66	69	65	66	69	68	72	79	79	81	102	80	86	88	96	100
Operating profit before depreciation	61	68	72	84	91	89	92	89	83	81	83	85	92	94	84	94	99	107	104	118
Operating margin	22.9%	23.9%	23.8%	25.5%	25.5%	24.4%	24.4%	22.9%	20.3%	19.7%	19.9%	18.3%	17.6%	17.7%	15.4%	17.1%	17.2%	18.2%	17.2%	18.7%
Depreciation and amortisation	8	8	9	9	10	10	13	14	15	15	15	22	23	21	23	22	22	22	22	23
Other income	10	8	10	4	4	8	8	14	22	24	25	25	27	23	26	30	22	16	18	24
Finance costs	2	2	3	3	5	6	9	10	11	11	10	20	28	27	25	25	25	25	23	28
Profit before one-off items and tax	59	65	70	76	80	82	79	79	79	80	83	68	68	69	63	77	73	76	77	90
One-off items	0	0	0	0	0	−6	0	0	0	1	13	0	0	0	−12	0	0	−22	3	0
Profit before tax	59	65	70	76	80	75	79	79	79	81	96	68	68	69	50	77	73	54	80	90
	15	17	18	19	21	18	21	20	21	21	24	17	18	19	16	20	19	14	19	23
Current tax	15	15	17	23	16	23	22	23	22	22	28	21	22	22	19	22	22	19	16	24
Deferred tax	0	2	0	−4	4	−6	−1	−2	−2	−1	−4	−4	−4	−3	−3	−2	−3	−5	3	−1
Tax rate	25.1%	25.2%	25.4%	25.5%	25.8%	23.5%	26.9%	25.9%	26.1%	26.1%	25.1%	25.4%	26.9%	27.3%	32.5%	25.7%	25.7%	25.6%	24.0%	25.1%
	44	49	52	56	59	58	58	58	58	60	72	51	50	50	34	57	54	40	61	68
Belonging to the company's shareholders	44	49	52	56	59	58	58	58	58	60	72	51	50	50	34	57	54	40	61	68
Other comprehensive income	1	2	−3	−4	−5	2	3	6	−6	−2	−7	0	−8	−3	5	1	−10	6	−8	16
Total comprehensive income	46	51	50	53	55	60	60	64	53	58	65	51	41	47	39	58	44	47	53	83
Net margin	16.8%	17.2%	17.3%	17.1%	16.7%	15.7%	15.3%	14.9%	14.4%	14.5%	17.2%	11.0%	9.5%	9.4%	6.2%	10.4%	9.4%	6.9%	10.1%	10.8%
Earnings per share	₹3.12	₹3.44	₹3.68	₹3.96	₹4.15	₹4.02	₹4.01	₹4.04	₹3.92	₹3.98	₹4.79	₹3.39	₹3.29	₹3.33	₹2.26	₹3.79	₹3.59	₹2.68	₹4.06	₹4.49
Diluted earnings per share	₹3.06	₹3.38	₹3.58	₹3.88	₹4.09	₹3.98	₹3.98	₹4.02	₹3.90	₹3.96	₹4.79	₹3.39	₹3.29	₹3.33	₹2.26	₹3.79	₹3.59	₹2.67	₹4.06	₹4.48

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Happiest Minds Technologies segment results by year

PDES
Revenue, ₹ crore
377
434
442
444
442
465
465
476
492
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
104
111
105
88
103
116
117
133
126
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
IMSS
Revenue, ₹ crore
74
73
76
80
79
80
89
94
93
99
103
102
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
18
20
20
26
22
24
20
27
24
25
29
25
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
GBS
Revenue, ₹ crore
7
8
8
12
14
16
24
25
34
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−3
−3
−5
−3
0
1
6
3
11
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	407	410	417	464	522	531	545	550	574	588	604	629
Company revenue, as in its results	407	410	417	464	522	531	545	550	574	588	604	629
Revenue	–	–	–	377	434	442	444	442	465	465	476	492
Revenue growth	–	–	–	–	–	–	–	17.3%	6.9%	5.1%	7.4%	11.4%
Profit	–	–	–	104	111	105	88	103	116	117	133	126
Profit growth	–	–	–	–	–	–	–	−1.4%	4.2%	11.5%	50.3%	22.8%
Margin	–	–	–	27.6%	25.6%	23.8%	19.9%	23.2%	25.0%	25.3%	27.9%	25.6%
Assets	–	–	–	1,708	1,448	1,408	1,520	1,493	1,495	1,531	1,568	1,561
Liabilities	–	–	–	1,215	1,083	949	966	953	747	769	745	808
Capital employed	–	–	–	492	366	459	555	540	748	762	823	754
Revenue	74	73	76	80	79	80	89	94	93	99	103	102
Revenue growth	−6.6%	−7.7%	0.3%	6.3%	6.7%	10.2%	18.1%	18.2%	18.2%	23.1%	15.0%	8.2%
Profit	18	20	20	26	22	24	20	27	24	25	29	25
Profit growth	−26.7%	−21.8%	−7.8%	44.6%	20.5%	20.8%	2.6%	3.5%	10.3%	5.9%	46.0%	−4.4%
Margin	24.7%	27.2%	25.9%	32.2%	27.9%	29.8%	22.5%	28.2%	26.1%	25.6%	28.5%	24.9%
Assets	70	80	73	72	62	83	106	111	121	121	110	112
Liabilities	8	11	21	10	8	12	26	16	28	27	26	23
Capital employed	62	69	52	61	54	70	80	96	94	94	84	89
Revenue	–	–	–	7	8	8	12	14	16	24	25	34
Revenue growth	–	–	–	–	–	–	–	89.9%	88.4%	191.0%	114.0%	152.8%
Profit	–	–	–	−3	−3	−5	−3	0	1	6	3	11
Profit growth	–	–	–	–	–	–	–	–	–	–	–	4,645.8%
Margin	–	–	–	−40.4%	−37.1%	−59.0%	−21.4%	1.8%	8.5%	25.4%	13.1%	33.3%
Assets	–	–	–	1	2	3	2	5	8	10	19	26
Liabilities	–	–	–	0	0	0	0	0	1	1	2	2
Capital employed	–	–	–	1	2	3	2	5	7	9	17	24
Revenue	216	215	216	–	–	–	–	–	–	–	–	–
Revenue growth	27.7%	22.8%	13.2%	–	–	–	–	–	–	–	–	–
Profit	77	77	74	–	–	–	–	–	–	–	–	–
Profit growth	10.8%	12.9%	−0.5%	–	–	–	–	–	–	–	–	–
Margin	35.8%	35.9%	34.2%	–	–	–	–	–	–	–	–	–
Assets	362	339	331	–	–	–	–	–	–	–	–	–
Liabilities	91	90	58	–	–	–	–	–	–	–	–	–
Capital employed	271	249	274	–	–	–	–	–	–	–	–	–
Revenue	117	122	126	–	–	–	–	–	–	–	–	–
Revenue growth	8.9%	8.1%	12.4%	–	–	–	–	–	–	–	–	–
Profit	29	34	53	–	–	–	–	–	–	–	–	–
Profit growth	−7.4%	10.9%	44.4%	–	–	–	–	–	–	–	–	–
Margin	25.2%	28.1%	42.2%	–	–	–	–	–	–	–	–	–
Assets	209	220	222	–	–	–	–	–	–	–	–	–
Liabilities	54	47	32	–	–	–	–	–	–	–	–	–
Capital employed	156	173	190	–	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.