Revenue in Indian rupee terms stood at ₹629 crore, up 4% quarter-on-quarter from ₹604 crore. On a year-on-year basis, revenue grew 14.3%. The company’s revenue in constant currency terms increased 2.6% quarter-on-quarter and 6.7% year-on-year.
Operating revenue in US dollar terms stood at $66.2 million, growing 1.7% sequentially and 2.9% annually. Total income during the quarter stood at ₹652 crore, up 4.9% quarter-on-quarter and 12.5% year-on-year.
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Operating margins stood at ₹109 crore, rising 2.3% from the previous quarter and 11.8% year-on-year. Operating margin improved to 15.1% from 13.6% in the previous quarter.
Adjusted profit after tax stood at ₹81 crore, with adjusted earnings per share at ₹5.34. The company’s client base stood at 306 as of June 30, 2026, with six additions during the quarter.
Happiest Minds had 6,532 employees as of June 30, 2026. Trailing 12-month attrition stood at 15.4%, compared with 17% in the previous quarter, while utilisation was at 81% against 82% in the previous quarter.
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Ashok Soota, Chairman and Chief Mentor, said, “AI is the single largest opportunity for value creation in the history of the technology services industry and not as a threat to IT/Tech. Every major technology shift, right from client-server computing to cloud and digital transformation, has ultimately expanded the market for innovation and expertise.
AI is no different. At Happiest Minds, our ‘AI First. Agile Always.’ strategy is enabling us to reimagine how we build solutions, enhance productivity, accelerate innovation, and deliver measurable outcomes for our clients. Rather than replacing human ingenuity, AI amplifies it, allowing our people to focus on higher-value problem-solving, industry expertise, and business transformation.
We truly believe organisations that embrace AI responsibly and proactively will emerge stronger, faster, and more competitive, and Happiest Minds is well positioned to lead this transition.”
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Joseph Anantharaju, Co-Chairman & CEO, “We have opened FY27 with a solid performance, delivering revenues of ₹629 crores and achieving 14.3% year-on-year growth. Our AI-first strategy is gaining significant traction, with strong momentum across AI and Analytics, digital engineering, platforms, and industry-focused solutions.
We have also built a strong and expanding pipeline, registering a 20% growth over the previous quarter. The quality and breadth of opportunities in our pipeline give us confidence in our ability to deliver sustained business growth.”
Venkatraman Narayanan, Managing Director, said, “We have started FY27 on a strong note, delivering healthy revenue growth and expanding margins. Year-on-year growth across our key financial metrics remained in double digits, reflecting the strength of our business.
Adjusted EPS of ₹5.34 per share, up 17% year-on-year, reinforces our continued commitment to profitable growth. Backed by a strong balance sheet and robust cash position, we remain well positioned to invest in future growth while maintaining financial discipline.”
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Shares of Happiest Minds Technologies Ltd ended at ₹387.65, down by ₹15.40, or 4.14%, on the BSE.
