Happiest Minds Q2 FY27 Results: Revenue ₹645 Cr (up 12.5% YoY), Dividend ₹3.05/share Declared
Happiest Minds reported Q2 FY27 revenues of ₹645.43 crore, up 12.5% YoY. Operating margins increased by 22.4% YoY, and adjusted PAT grew 20.7% YoY. The company declared an interim dividend of ₹3.05 per share with a record date of November 6, 2026. NCD security cover disclosure is not applicable as all NCDs are redeemed.
The announcement includes financial results, a dividend declaration, and updates on a significant merger, all of which are material events impacting the company's valuation and future outlook.
The company reported strong year-on-year growth in revenue and profits, alongside a dividend declaration, which are positive indicators for shareholders.
Happiest Minds Technologies Limited announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company's Board of Directors approved the financial statements, which showed revenues of ₹6,454.3 lakh (₹645.43 crore) for Q2 FY27, a 2.7% increase quarter-on-quarter and a 12.5% increase year-on-year. Operating margins grew by 22.4% year-on-year to ₹1,191.1 lakh (₹119.11 crore), and adjusted Profit After Tax (PAT) grew by 20.7% year-on-year to ₹7,911 lakh (₹791.11 crore). The company also declared an interim dividend of ₹3.05 per equity share of face value ₹2 for the financial year 2026-27. The record date for this dividend has been fixed as November 06, 2026, with the payment scheduled on or after November 17, 2026. The Board meeting commenced at 8:45 PM IST and concluded at 9:15 PM IST on November 02, 2026.
Furthermore, the company provided a NIL/NA report regarding security cover for Non-convertible Debentures (NCDs) as of September 30, 2026, stating that all outstanding NCDs have been fully redeemed, making the disclosure requirement under Regulation 54(2) and 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, not applicable from the next quarter onwards unless new NCDs are issued.
The press release also highlighted key financial metrics for the half-year ended September 30, 2026, with revenue in INR terms growing 13.4% year-on-year to ₹1,27,349 lakh (₹1,273.49 crore). The company reported 7 client additions in the quarter, bringing the total to 306 active clients. Employee strength stood at 6,466 as of September 30, 2026, with a trailing 12-month attrition rate of 14.3% and a utilization rate of 81.8%. The company also mentioned its ongoing proposed merger with ITC Infotech, with several regulatory approvals underway, and reiterated its aspiration to achieve US$1 billion in annual revenue by FY28.
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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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