Happiest Minds Technologies Ltd

📈 Happiest Minds Q1 FY26: Revenue Growth, Client Wins & Strong Margins

- Q1 FY26 revenue: $64.4M (2.3% QoQ, 17.5% YoY growth in constant currency)

- EBITDA: ₹12,405 lakhs (21.4% of total income), up 12.9% QoQ

- PAT: ₹5,713 lakhs (9.9% of total income), up 68% QoQ & 12% YoY

- Adjusted PAT: ₹6,862 lakhs (11.8% of total income), up 19.1% QoQ

- Total clients: 285 (17 added in Q1), including 85+ billion-dollar corporations

- Employee count: 6,523; attrition rate: 18.2%; utilization up to 78.9% (from 77.3%)

- Key client wins: Global Home Improvement Retail Chain, Multinational Logistics Co., US Healthcare Co. (Gen AI, cloud, digital transformation focus)

- Annualized revenue exceeds $270M

- Awards: CNBC-TV18 India Risk Management Award 2025; recognized in AIM Research & Everest Group reports

- Continued investment in AI & sales engine for sustainable growth