Happiest Minds Q2 FY27 Revenue ₹645 Cr (12.5% YoY), Declares ₹3.05 Dividend
Happiest Minds reported Q2 FY27 revenue of ₹645 crore, up 12.5% YoY. Operating profit rose 22.4% YoY to ₹119.1 crore, with margins at 18.5%. Adjusted PAT was ₹79.1 crore with EPS of ₹5.25. The company declared an interim dividend of ₹3.05 per share, with Nov 6, 2026, as the record date.
Positive financial results, dividend declaration, and reiteration of growth guidance are significant factors that can influence investor sentiment and stock performance.
The company reported healthy revenue and profit growth, improved margins, and declared an interim dividend, indicating strong financial performance.
Happiest Minds Technologies Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported operating revenue of ₹645 crore for Q2 FY27, marking a 12.5% year-on-year and 2.7% sequential growth. In constant currency, revenue grew 6.8% year-on-year and 2.4% sequentially. For the half-year ended September 30, 2026 (H1 FY27), the revenue stood at ₹1,274 crore, a 13.4% year-on-year increase.
Operating profit for Q2 FY27 grew by 22.4% year-on-year to ₹119.1 crore, with operating margins improving by 100 basis points sequentially to 18.5%. Adjusted Profit After Tax (PAT) was ₹79.1 crore, and Adjusted Earnings Per Share (EPS) was ₹5.25. For H1 FY27, operating profit was ₹228 crore and Adjusted PAT was ₹159 crore. The company maintained a strong balance sheet with an annualized Return on Capital Employed (ROCE) of 24.0% and Return on Equity (ROE) of 14.7%.
Operationally, Happiest Minds served 311 active customers, with 95 billion-dollar corporations contributing approximately 60% of the revenue. Repeat business constituted 95.1% of revenue, IP-led revenue was 10.5%, and employee utilization improved to 81.8%. The company's workforce stood at 6,466 employees.
In line with its dividend policy, the Board has declared an interim dividend of ₹3.05 per equity share of face value ₹2, with November 6, 2026, as the record date. The proposed combination with ITC Infotech is progressing as per timelines, and the combined entity is expected to have over 19,000 professionals with an aspiration to achieve US$1 billion in annual revenue by FY28.
The company reiterates its FY27 constant currency revenue growth guidance of 12.5% and remains focused on disciplined, profitable growth.
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