Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a digital transformation and IT solutions company, has announced robust financial results for the first quarter, ending June 30.

Key Financial Highlights

• Revenue reached $64.40 million, marking a 2.3% quarter-on-quarter and 17.5% year-on-year growth in constant currency.
• Total income stood at ₹57,993.00 lakhs, up 1.7% quarter-on-quarter and 18.5% year-on-year.
• EBITDA reported at ₹12,405.00 lakhs, representing 21.4% of total income.
• Profit After Tax (PAT) was ₹5,713.00 lakhs, constituting 9.9% of total income.
• Adjusted PAT, excluding non-cash charges and exceptional items, reached ₹6,862.00 lakhs, or 11.8% of total income.
• Adjusted Earnings Per Share (EPS) stood at ₹4.55.

Operational Performance

The company demonstrated strong operational metrics:

• Active client base grew to 285, with 17 new additions in Q1.
• Employee count reached 6,523 Happiest Minds.
• Trailing 12-month attrition rate improved to 18.2% from 16.6% in the previous quarter.
• Utilization rate increased to 78.9% from 77.3% in the last quarter.
• Digital revenue mix maintained at 94.4%.

Strategic Wins and Partnerships

Happiest Minds secured several key projects across various sectors:

• Custom-building solutions for a Global Home Improvement Retail Chain's Finance and IT programs.
• Providing Gen AI services for a Multinational Logistics Company to boost innovation and productivity.
• Partnering with Tech4TH to implement a next-gen customer interaction platform for a US Airport.
• Implementing a large-scale database transformation program for a US Healthcare company, migrating from on-premises to AWS Cloud.
• Chosen as an implementation partner for GenAI workflow automation by a US-based Insurance & Financial solutions company.
• Building an LMS platform for a US Education Training provider.
• Providing IT infrastructure and cybersecurity services for an Australian Mining Services company.
• Collaborating on data platform modernization for an Australian Furniture & Homewares retailer.

Management Commentary

Ashok Soota, Chairman & Chief Mentor, expressed confidence in the company's digital capabilities and its focus on Generative AI and deep tech. He stated, "We are well-positioned to sustain double-digit growth for the year and have laid a foundation for achieving three consecutive years of double-digit growth."

Joseph Anantharaju, Co-Chairman & CEO, highlighted the company's strong Q1 performance and attributed it to their differentiated capabilities in Generative AI, Data, and Cybersecurity, combined with a verticalized structure.

Venkatraman Narayanan, Managing Director, emphasized the company's consistent growth, noting, "We have delivered 20 quarters of sequential growth with a robust EBITDA of 21.4%."

Leadership Re-appointments and Corporate Actions

The board of directors approved the following key decisions:

• Re-appointment of Joseph Anantharaju as Co-Chairman & CEO for a five-year term from November 2025 to November 2030.
• Re-appointment of Venkatraman Narayanan as Managing Director for a five-year term from November 2025 to November 2030.
• Approval of a scheme of amalgamation with the wholly-owned subsidiary Aureustech Systems Private Limited.

Recognition and Industry Standing

Happiest Minds' performance and capabilities have been recognized in the industry:

• Won the CNBC-TV18 India Risk Management Award.
• Ranked among 'Seasoned Vendors' in AIM Research's PeMa Quadrant for Data Engineering Service Providers.
• Classified as 'Aspirants' in Everest Group's Intelligent Process Automation (IPA) Solutions PEAK Matrix® Assessment.

The company's strong start reflects its continued focus on digital transformation, strategic partnerships, and emerging technologies like Generative AI, positioning it for sustained growth in the evolving IT services landscape.

Happiest Minds Technologies Limited , a leading digital transformation company, has announced key dates for its upcoming financial disclosures. The company has scheduled two important events that investors and stakeholders should mark on their calendars.

Board Meeting to Approve Q1 FY26 Results

Happiest Minds Technologies has informed the stock exchanges that its Board of Directors will convene on Tuesday, July 29, 2025. The primary agenda for this meeting is to consider and approve the unaudited financial statements for the quarter ended June 30, 2025. These statements will cover both standalone and consolidated financials, prepared in accordance with Indian Accounting Standards (IndAS).

Earnings Call Scheduled

Following the board meeting, the company has arranged an earnings call to discuss the Q1 FY26 results and highlights. This call is scheduled for Wednesday, July 30, 2025, at 09:00 AM (IST). The earnings call provides an opportunity for investors and analysts to gain insights directly from the company's leadership team.

Key executives participating in the call include:

• Mr. Ashok Soota, Chairman & Chief Mentor
• Mr. Joseph Anantharaju, Co-Chairman & CEO
• Mr. Venkatraman Narayanan, Managing Director
• Mr. Rajiv Shah, Executive Director
• Mr. Ram Mohan, CEO of Infrastructure Management and Security Services (IMSS)
• Mr. Sridhar Mantha, CEO of Generative AI Business Services (GBS)
• Mr. Anand Balakrishnan, CFO
• Ms. Priyanka Sharma, Head of Investor Relations

Investor Access

For those interested in participating, the company has provided multiple access options:

• Universal Access Numbers: +91 22 6280 1144 / +91 22 7115 8045
• Toll-Free Numbers:
  • Singapore: 8001012045
  • Hong Kong: 800964448
  • UK: 08081011573
  • USA: 18667462133

Investors can also register for the call using the Diamond Pass registration link, which will be available on the company's website.

Stock Information

Happiest Minds Technologies is listed on both the BSE and NSE. The stock codes are as follows:

Investors and stakeholders can find further details on the company's website ( www.happiestminds.com/investors ) and the respective stock exchange websites ( www.bseindia.com and www.nseindia.com ).

As the tech industry continues to evolve rapidly, these financial disclosures will provide crucial insights into Happiest Minds Technologies' performance and strategic direction in the digital transformation space.