Loading…
Happiest Minds Technologies (HAPPSTMNDS)₹313.20−1.06%Computers - Software & Consulting
In the Jun 2026 quarter (consolidated), Happiest Minds Technologies reported sales of ₹631 Cr, up 14.3% from Jun 2025, and net profit of ₹68.18 Cr, up 19.3% year on year. For the year to Mar 2026, sales were ₹2,322 Cr and net profit ₹214 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 408 | 411 | 418 | 465 | 523 | 533 | 546 | 552 | 576 | 590 | 606 | 631 |
| Expenses | 325 | 330 | 335 | 380 | 431 | 438 | 462 | 457 | 477 | 481 | 502 | 512 |
| Operating Profit | 82.83 | 80.78 | 82.83 | 84.73 | 91.70 | 93.83 | 83.83 | 93.83 | 98.78 | 107 | 104 | 118 |
| OPM % | 20.1% | 20.0% | 20.0% | 18.0% | 18.1% | 18.0% | 15.1% | 17.0% | 17.1% | 18.0% | 17.1% | 19.0% |
| Other Income | 21.95 | 24.97 | 37.96 | 24.98 | 26.97 | 22.98 | 13.98 | 29.97 | 21.98 | −5.99 | 20.98 | 23.95 |
| Interest | 11.04 | 11.04 | 10.03 | 20.06 | 28.11 | 27.09 | 25.09 | 25.07 | 25.10 | 25.09 | 23.08 | 28.11 |
| Depreciation | 14.96 | 14.97 | 14.97 | 21.94 | 22.96 | 20.97 | 22.95 | 21.95 | 21.94 | 21.95 | 21.93 | 22.96 |
| Profit before tax | 79.29 | 81.35 | 96.31 | 68.25 | 68.21 | 69.23 | 50.22 | 77.33 | 73.24 | 54.24 | 80.27 | 90.40 |
| Tax % | 26.0% | 26.0% | 25.0% | 25.0% | 27.0% | 27.0% | 32.9% | 26.0% | 26.0% | 26.0% | 24.0% | 25.0% |
| Exceptional items | 0.00 | 0.99 | 8.97 | 0.00 | 0.00 | 0.00 | −6.97 | 0.00 | 0.00 | −13.97 | 2.99 | 0.00 |
| Net Profit | 58.13 | 60.20 | 72.19 | 51.13 | 50.11 | 50.12 | 34.08 | 57.13 | 54.13 | 40.10 | 61.19 | 68.18 |
| EPS (Rs) | 3.85 | 3.93 | 4.74 | 3.36 | 3.26 | 3.30 | 2.24 | 3.76 | 3.56 | 2.66 | 4.03 | 4.45 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 592 | 700 | 775 | 1,096 | 1,433 | 1,628 | 2,065 | 2,322 | 2,402 |
| Expenses | 537 | 603 | 584 | 839 | 1,073 | 1,294 | 1,711 | 1,918 | 1,972 |
| Operating Profit | 54.87 | 96.71 | 190 | 257 | 358 | 335 | 353 | 402 | 427 |
| OPM % | 9.0% | 14.1% | 25.1% | 24.1% | 25.0% | 21.0% | 17.1% | 17.1% | 17.8% |
| Other Income | −0.99 | 4.99 | 23.98 | 30.94 | 14.98 | 98.90 | 88.89 | 65.92 | 60.92 |
| Interest | 16.05 | 8.03 | 7.02 | 10.04 | 22.09 | 42.14 | 99.35 | 97.32 | 101 |
| Depreciation | 24.93 | 19.95 | 22.94 | 32.94 | 41.91 | 57.90 | 88.82 | 87.74 | 88.78 |
| Profit before tax | 13.05 | 74.27 | 187 | 247 | 311 | 336 | 256 | 285 | 298 |
| Tax % | −9.0% | 3.0% | 13.0% | 26.0% | 25.0% | 26.0% | 27.9% | 25.0% | — |
| Exceptional items | −12.96 | −10.96 | 0.00 | −3.99 | −4.98 | 9.96 | −7.97 | −12.95 | −10.98 |
| Net Profit | 14.05 | 72.16 | 162 | 181 | 232 | 249 | 185 | 214 | 224 |
| EPS (Rs) | 3.83 | 14.54 | 11.08 | 12.36 | 15.74 | 16.33 | 12.15 | 13.99 | 14.70 |
| Dividend payout % | 0.0% | 0.0% | 26.0% | 30.0% | 33.9% | 34.9% | 48.9% | 44.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.01 | 8.99 | 27.98 | 28.94 | 28.96 | 29.96 | 29.96 | 29.93 |
| Reserves | −94.12 | 220 | 517 | 636 | 809 | 1,447 | 1,542 | 1,654 |
| Borrowings | 144 | 150 | 193 | 250 | 533 | 511 | 1,243 | 1,491 |
| Other Liabilities | 357 | 128 | 175 | 204 | 255 | 241 | 503 | 400 |
| Total Liabilities | 413 | 507 | 913 | 1,117 | 1,625 | 2,230 | 3,317 | 3,576 |
| Fixed Assets | 60.98 | 37.94 | 128 | 158 | 432 | 413 | 1,210 | 1,170 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 0.00 | 0.00 | 1.99 |
| Investments | 97.74 | 82.77 | 390 | 471 | 12.97 | 0.00 | 349 | 502 |
| Other Assets | 253 | 386 | 394 | 489 | 1,178 | 1,817 | 1,757 | 1,903 |
| Trade receivables | 129 | 115 | 122 | 167 | 213 | 254 | 358 | 390 |
| Cash & equivalents | 26.01 | 190 | 145 | 168 | 693 | 1,338 | 1,060 | 913 |
| Total Assets | 413 | 507 | 913 | 1,117 | 1,625 | 2,230 | 3,317 | 3,576 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 57.85 | 112 | 144 | 168 | 206 | 212 | 235 | 260 |
| Cash from investing activity | 0.99 | −71.96 | −271 | −95.90 | −348 | −536 | −730 | −117 |
| Cash from financing activity | −58.89 | −12.97 | 169 | −90.79 | 71.80 | 362 | 498 | −144 |
| Net cash flow | 0.00 | 26.91 | 41.83 | −18.92 | −67.72 | 38.87 | 3.99 | 0.99 |
| Capex | 1.01 | 1.01 | 1.01 | 4.01 | 139 | 10.03 | 11.03 | 7.02 |
| Free cash flow | 57.12 | 112 | 143 | 164 | 68.14 | 203 | 226 | 256 |
| CFO / OP % | 111.0% | 122.0% | 94.0% | 86.0% | 82.1% | 94.1% | 95.0% | 89.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 79 | 59 | 57 | 55 | 53 | 56 | 62 | 61 |
| Cash conversion cycle | 80 | 60 | 58 | 56 | 54 | 57 | 63 | 62 |
| Working capital days | −86 | −21 | −33 | −23 | −50 | −28 | −109 | −117 |
| ROCE % | — | 43.0% | 35.0% | 32.0% | 30.0% | 22.0% | 15.0% | 13.0% |
For the Jun 2026 quarter, Happiest Minds Technologies reported sales of ₹631 Cr, up 14.3% year on year and net profit of ₹68.18 Cr, up 19.3% year on year. The operating margin was 19.0%.
Happiest Minds Technologies' sales for the year to Mar 2026 were ₹2,322 Cr; over the last twelve months they were ₹2,402 Cr.
Net profit for the year to Mar 2026 was ₹214 Cr, and ₹224 Cr over the last twelve months. Earnings per share over the same trailing period were ₹14.70.
Happiest Minds Technologies reported borrowings of ₹1,491 Cr at Mar 2026, against cash and equivalents of ₹913 Cr.
Cash from operations was ₹260 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹256 Cr.