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Happiest Minds Technologies share price & results

Happiest Minds Technologies Limited· Information Technology

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

AI-first digital engineering and IT services firm serving BFSI, healthcare, retail and hi-tech clients.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue629 ₹ crore+14.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin19.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit68.0 ₹ crore+19.3% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity14.34 %+1.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin10.97 %+0.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)11.50 %−14.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 5 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

Happiest Minds Technologies Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (2 achieved, 3 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Utilization Rateget these back to the 78% to 80% number
Call transcript, Q3 FY25 · 5 Feb 2025		Q3 FY25Q1 FY27:81.0%
Call transcript, Q1 FY27 · 28 Jul 2026		Achieved
EBITDA Marginmargins to be in our guided range of 20% to 22%
Call transcript, Q3 FY25 · 5 Feb 2025		Q3 FY25Q1 FY27:EBITDA margin was 21.7%, back within the original range, but this specific guidance is no longer tracked and has been superseded by an Operating Margin target.
Call transcript, Q1 FY27 · 28 Jul 2026		Missed
Forward Revenue Growth (CC)healthy double-digit organic growth in FY '26 and then FY '27
Call transcript, Q4 FY25 · 13 May 2025		Q4 FY25Q1 FY27:Q1 FY27 YoY CC growth was 6.7%, below the double-digit target. Management has a separate 12.5% guidance for FY27.
Call transcript, Q1 FY27 · 28 Jul 2026		At Risk

Source: Inve Guidance Tracker for Happiest Minds Technologies Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Happiest Minds Technologies Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹310.25 +3.36% · +₹10.1

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −40.3% 1Y

₹300₹350₹400₹450₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 29 Oct 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹519.7 on 24 Oct 2025 → ₹310.25. High ₹522.15 (29 Oct 2025), low ₹300.15 (26 Oct 2026).

Previous close
₹300.15
Market cap
₹4.6k Cr
52-week range
₹300.15 – ₹522.15
One year
−39.90%
Price to earnings (TTM to Jun 2026)
19.53×
Return on equity (TTM to Jun 2026)
14.34%

Overview

Symbol
NSE:HAPPSTMNDS
Exchange
NSE
Currency
INR

What Happiest Minds Technologies Limited does

Based on the company's own presentations, annual report and earnings calls.

Happiest Minds Technologies designs, builds and manages digital engineering, generative AI/agentic AI, and infrastructure management & security solutions for enterprise clients, delivered predominantly offshore from India with onsite presence abroad. It works across industry groups including BFSI, EdTech, healthcare & life sciences, hi-tech, industrial/manufacturing & energy, and retail/CPG & logistics, building custom software, cloud, IoT and cybersecurity solutions as well as its own reusable AI accelerators. The company has expanded its engineering, cloud and security capabilities through acquisitions, including PureSoftware Technologies, Aureus Tech Systems, Sri Mookambika Infosolutions, Happiest Minds Edutech and the Middle East business of GAVS Technologies.

Segments

  • PDES (Product & Digital Engineering Services)
  • IMSS (Infrastructure Management & Security Services)
  • GBS (Generative AI Business Services)
Employees
6,497
Countries of operation
16
Active clients
306
Clients that are Fortune 2000/Forbes 2000 (billion-dollar) corporations
91
Offices/presence
41 offices across 14 countries
Centers of Excellence (CoEs)
4 (IoT, AI/Analytics, Digital Process Automation, Cybersecurity)
Founded 2011Headquarters Bengaluru, Karnataka, IndiaEmployees 6,497 (2026-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
−1.1%
28 Jul
Q4 FY26
−1.8%
29 May
Q3 FY26
−0.5%
10 Feb
Q2 FY26
+1.2%
29 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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