Revenue in Indian rupees reached ₹629 crore, reflecting a 4% quarter-on-quarter rise from ₹604 crore. Year-on-year, revenue grew by 14.3%. In constant currency terms, the company’s revenue also increased by 2.6% quarter-on-quarter and 6.7% year-on-year.
Operating revenue in US dollar terms was recorded at $66.2 million, marking a growth of 1.7% sequentially and 2.9% year-on-year. The total income for the quarter amounted to ₹652 crore, which is a 4.9% improvement from the previous quarter and a 12.5% increase year-on-year.
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Operating margins were reported at ₹109 crore, up 2.3% from the last quarter and 11.8% compared to the previous year. The operating margin improved to 15.1%, up from 13.6% in the previous quarter.
Adjusted profit after tax was noted at ₹81 crore, with adjusted earnings per share at ₹5.34. As of June 30, 2026, the company’s client base stood at 306, having added six new clients during the quarter.
Happiest Minds employed 6,532 individuals as of June 30, 2026. The trailing 12-month attrition rate was 15.4%, down from 17% in the last quarter, while utilization figures were 81%, slightly lower than the 82% recorded in the previous quarter.
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Ashok Soota, Chairman and Chief Mentor, remarked, “AI is the most significant opportunity for value creation in the technology services industry’s history, rather than a threat to IT/Tech. Every major technological shift, from client-server computing to digital transformation, has ultimately broadened the market for innovation and expertise.
AI follows the same trend. At Happiest Minds, our ‘AI First. Agile Always.’ strategy empowers us to rethink how we create solutions, boost productivity, accelerate innovation, and produce measurable results for our clients. Instead of replacing human creativity, AI enhances it, enabling our team to focus on higher-value problem-solving, industry expertise, and business transformation.
We genuinely believe that organizations that embrace AI responsibly and proactively will emerge stronger, swifter, and more competitive, and Happiest Minds is strategically positioned to spearhead this change.”
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Joseph Anantharaju, Co-Chairman & CEO, stated, “We have commenced FY27 with robust performance, achieving revenues of ₹629 crores and realizing a 14.3% year-on-year growth. Our AI-first strategy is gaining substantial traction, reflected in strong momentum across AI and Analytics, digital engineering, platforms, and industry-specific solutions.
We have also established a solid and growing pipeline, noting a 20% rise over the previous quarter. The quality and variety of prospects in our pipeline reinforce our confidence in maintaining ongoing business growth.”
Venkatraman Narayanan, Managing Director, added, “We have initiated FY27 with a positive momentum, achieving significant revenue growth and enhancing margins. Year-on-year growth in our key financial indicators remains in double digits, showcasing our business strength.
Adjusted EPS of ₹5.34 per share, a 17% increase year-on-year, emphasizes our ongoing commitment to profitable expansion. Supported by a strong balance sheet and healthy cash reserves, we are well-positioned to invest in future growth while practicing financial discipline.”
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Shares of Happiest Minds Technologies Ltd concluded at ₹387.65, marking an increase of ₹15.40, or 4.14%, on the BSE.
