Happiest Minds Q2 FY27 Revenue ₹645 Cr (Up 12.5% YoY), Declares 152.5% Dividend
Happiest Minds reported Q2 FY27 consolidated revenue of ₹645 crore, up 12.5% YoY. Operating margins grew 22.4% YoY, and adjusted PAT increased 20.7% YoY. The company declared an interim dividend of 152.5% (₹3.05 per share) with a record date of November 6, 2026. The proposed merger with ITC Infotech is progressing, aiming for US$1 billion revenue by FY28.
The announcement includes key financial performance indicators (revenue growth, margin expansion, PAT growth), a substantial dividend payout, and significant strategic developments like the proposed merger with ITC Infotech and future revenue targets, all of which are material to investors.
The company reported strong year-on-year growth in revenue, operating margins, and adjusted PAT. The declaration of a significant interim dividend and positive commentary on the proposed merger with ITC Infotech also contribute to a positive sentiment.
Happiest Minds Technologies Limited announced its consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported revenues of ₹6,4543 lakhs (₹645.43 crore) for the quarter, marking a 12.5% year-on-year increase. Operating margins grew by 22.4% year-on-year, and adjusted Profit After Tax (PAT) grew by 20.7% year-on-year.
For the half year ended September 30, 2026, revenue in INR terms grew by 13.4% year-on-year to ₹1,27,349 lakhs (₹1,273.49 crore). Operating margins for the half year grew by 17.1% year-on-year, and adjusted PAT grew to ₹15,963 lakhs.
The Board of Directors also declared an interim dividend of 152.5%, or ₹3.05 per equity share of face value ₹2, for the financial year 2026-27. The record date for this dividend is November 6, 2026.
The company highlighted the proposed merger with ITC Infotech as a significant opportunity to create a stronger enterprise. Management expressed excitement about the potential to add further value to customers and deepen relationships with the complementary capabilities of ITC Infotech. The combined entity aims for US$1 billion in annual revenue by FY28, with a workforce of over 19,000 people.
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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.