Happiest Minds Technologies Ltd

📊 Happiest Minds Q3 FY26 Results: Revenue Growth Continues Amid Margin Pressure

• Q3 FY26 revenue: ₹58,756 lakhs (10.7% YoY growth, 2.4% QoQ growth)

• Revenue distribution: USA 59.8%, India 17.3%, other regions 22.9%

• Business segments: PDES 77.0%, IMSS 16.4%, GBS 4.0%

• EBITDA margin: 20.4% (down from 21.1% in Q3 FY25)

• Adjusted PAT: ₹6,992 lakhs (13.0% YoY increase)

• Reported PAT: ₹4,030 lakhs (19.6% YoY decline due to one-time wage code cost of ₹2,203 lakhs)

• Active clients: 297 (including 87 billion-dollar corporations)

• Employee count: 6,548 (93.6% offshore)

• Utilization rate: 82.0%

• AI capabilities: Over 75% of developers GenAI-enabled, 600 AI specialists on staff