Happiest Minds Q1 FY27 Revenue Up 14.3% YoY to ₹629 Crore; Adj. PAT ₹80.5 Cr
Happiest Minds reported Q1 FY27 operating revenue of ₹629 crore, up 14.3% YoY. Adjusted PAT increased 14.7% to ₹80.5 crore, and Adjusted EPS grew 17.1% to ₹5.34. The company ended the quarter with 306 clients and 6,532 employees, with attrition improving to 15.4%.
The announcement details strong financial performance with significant revenue and profit growth, improved operational metrics, and strategic client wins. This indicates a positive trajectory for the company, likely to influence investor confidence and market perception.
The company reported strong year-on-year and sequential growth in revenue and profit, alongside improved margins and key financial metrics like ROCE and ROE. Positive operational highlights and significant client wins further contribute to the positive sentiment.
Happiest Minds Technologies Limited has reported a strong start to FY27 with its financial results for the quarter ended June 30, 2026. The company announced an operating revenue of ₹629 crore, marking a significant 14.3% year-on-year and 4.0% sequential growth in rupee terms. In constant currency, revenue saw a 6.7% year-on-year and 2.6% sequential increase.
Operating margins were maintained at a healthy 17.5%, despite one-time provisions and adverse foreign exchange movements. Adjusted Profit After Tax (PAT) grew by 14.7% year-on-year to ₹80.5 crore, with Adjusted Earnings Per Share (EPS) rising by 17.1% to ₹5.34.
The company's balance sheet remains robust, with cash and cash equivalents totaling ₹1,743 crore, providing ample flexibility for investments in AI capabilities, strategic acquisitions, and long-term growth initiatives. Return on Capital Employed (ROCE) improved to 23.9%, and Return on Equity (ROE) to 15.5%.
Operationally, Happiest Minds served 306 active customers by the end of the quarter, with 92 of them being billion-dollar corporations, contributing 58.7% of total revenues. Repeat business remained strong at 94.4%, and Days Sales Outstanding (DSO) improved to 92 days.
The company ended the quarter with 6,532 employees, and voluntary attrition decreased to 15.4%. Key wins during the quarter included becoming a strategic Data & AI partner for a North American energy infrastructure company, building an AI-powered test automation platform for an Australian insurance provider, and securing a multi-year, multi-million-dollar Managed Security Services deal with a Middle Eastern retailer.
Ashok Soota was recognized among AIM 100: India's Most Influential People Shaping AI in 2026, and Preeti Menon was named among AIM: The Top 24 Women Enterprise AI Leaders in India. The company also received several recognitions from ISG and mentions in reports by Everest Group and Avasant.
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Happiest Minds Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Happiest Minds Technologies Limited. Read the original for the full detail.