Happiest Minds Technologies Limited announced its official financial results for Q3 FY26 ended December 31, 2025, demonstrating resilient performance with revenue of $65.7 million and strong momentum in AI services despite margin pressures from exceptional costs.

Financial Performance Overview

The company reported total income of ₹60,328 lakhs for Q3 FY26, marking an 8.9% year-on-year increase from ₹55,377 lakhs in Q3 FY25. Revenue in constant currency grew 7.1% year-on-year and 1.2% quarter-on-quarter, reflecting steady business momentum.

Profitability Metrics and Exceptional Items

Net profit declined to ₹4,030 lakhs (6.7% margin) from ₹5,010 lakhs (9.0% margin) in Q3 FY25, primarily due to exceptional items totaling ₹2,203 lakhs related to new wage code costs. However, adjusted PAT stood at ₹6,992 lakhs (11.6% margin), representing 13.0% year-on-year growth.

Business Segment Performance and AI Growth

The company's three business segments showed varied performance, with the Generative AI Business Solutions (GBS) segment demonstrating exceptional growth momentum:

The GBS segment's revenue contribution increased significantly from 1.5% in Q3 FY25 to 4.0% in Q3 FY26, reflecting the company's successful AI First strategy implementation.

Operational Excellence and Client Metrics

Operational performance remained robust with key metrics showing improvement across multiple parameters:

The company added 11 new clients during the quarter, bringing the total active customer base to 297, including 87 billion-dollar corporations.

Nine-Month Performance and Strategic Outlook

For the nine months ended December 31, 2025, the company reported strong performance with total income of ₹1,77,840 lakhs, representing 11.7% growth. Revenue in constant currency grew 10.2% year-on-year, while adjusted PAT for 9M FY26 stood at ₹20,728 lakhs compared to ₹19,552 lakhs in the previous year.

The company's AI First strategy continues to gain traction with 32 Generative AI & Agentic AI use cases successfully moving beyond prototypes into full-scale projects. Management plans to double down on AI/GenAI investments and build a dedicated 1,000+ team by the end of FY27, positioning the company for sustained growth in the AI-driven digital transformation market.

Happiest Minds Technologies Limited has announced a strategic partnership with IBSFINtech to transform enterprise treasury operations through advanced AI-powered solutions. The collaboration, announced on January 30, 2026, positions Happiest Minds as both a reseller and system integration partner for IBSFINtech's comprehensive treasury management platform.

Strategic Partnership Framework

The partnership brings together complementary strengths from both organizations to address critical gaps in enterprise treasury management:

This collaboration combines Happiest Minds' deep expertise in AI, cloud, analytics, and enterprise integration with IBSFINtech's advanced, scalable platform built to streamline treasury operations, risk management, and trade finance for global enterprises.

Comprehensive Treasury Solutions

The joint offering addresses multiple aspects of modern treasury management, providing organizations with integrated solutions for:

• Cash flow and liquidity management
• Financial risk mitigation
• Investment and debt management
• Trade finance operations
• Supply chain finance optimization

IBSFINtech's platform fills a critical gap for agile, integrated, and AI-powered treasury management systems that corporations require in today's dynamic financial environment.

Leadership Perspectives

Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds Technologies, emphasized the alignment with their digital transformation vision: "We are delighted to partner with IBSFINtech to bring their innovative AI-powered treasury and trade finance solutions to a broader market. This collaboration aligns with our vision to enable digital transformation for enterprises and deliver measurable business outcomes."

Maninder Singh, Chief Growth Officer, Happiest Minds Technologies, highlighted the natural extension of their capabilities: "This partnership is a natural extension of our commitment to delivering domain-led digital solutions. IBSFINtech's platform complements our capabilities in enterprise integration and intelligent automation, enabling us to offer a comprehensive solution for modern treasury transformation."

CM Grover, Promoter & CEO, IBSFINtech, described the partnership's strategic significance: "This partnership represents more than a convergence of capabilities—it reflects a shared commitment to redefining the future of corporate treasury. Through this collaboration, together we will be enabling a global ecosystem with integrated, intelligent, and resilient treasury, risk, and trade finance solution."

Service Delivery and Market Impact

As part of the partnership, Happiest Minds will provide comprehensive services including:

The joint offering is expected to benefit enterprises across multiple sectors including manufacturing, retail, logistics, and BFSI (Banking, Financial Services, and Insurance).

About the Companies

Happiest Minds Technologies Limited is an AI First, customer-obsessed digital engineering and Mindful IT company. As of September 2025, the company generates annualized revenues in excess of $270.00 million, maintains a workforce of over 6,500 across 43 global offices, and serves 290+ customers, including 85+ billion-dollar corporations.

IBSFINtech is globally recognized by IDC MarketScape as "Major Player" in the Worldwide SaaS and Cloud-Enabled Enterprise Treasury and Risk Management Applications 2023 Vendor Assessment. The company is headquartered in Bengaluru, India, with presence in USA and aggressive expansion plans in Middle East, JAPAC and Europe.