Conference Call with Happiest Minds Technologies Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Happiest Minds Technologies announced Q1FY26 results Revenue in constant currency grew 2.3% QoQ and 17.5% YoY Operating Revenues in US $ stood at $ 64.4 million, growing 2.3% QoQ and 15.9% YoY Total income of Rs 57,993 lakh grew 1.7% QoQ and 18.5% YoY EBITDA of Rs 12,405 lakh stood at 21.4% of Total Income. Growth of 12.9% QoQ and 6.3% YoY PAT of Rs 5,713 lakh 9.9% of Total Income. Growth of 68% QoQ and 12% YoY Adjusted PAT and EPS (adjusted only for non-cash charges and exceptional items), a more reliable Profitability measures stood at: Adjusted PAT of Rs 6,862 lakh at 11.8% of Total income. Growth of 19.1% QoQ Adjusted EPS at Rs 4.55 Ashok Soota, Chairman & Chief Mentor, said, “Our strong start to Q1FY26 underscores the continued confidence our customers place in us and the impact of our differentiated digital capabilities. As we harness the transformative power of Generative AI and deep tech, Happiest Minds remains steadfast in delivering purposeful innovation and long-term value. With a sharp focus on mindful execution, customer-centricity, and technology leadership, we are well-positioned to sustain double-digit growth for the year and have laid a foundation for achieving three consecutive years of double-digit growth.” Joseph Anantharaju, Co-Chairman & CEO, said “We have delivered a strong Q1 performance with revenues of USD 64.4 Million, marking 2.3% QoQ and 17.5% YoY growth in constant currency. This momentum reflects the contribution of the ten transformations we have undertaken to drive our growth. Our differentiated capabilities in Generative AI, Data, and Cybersecurity—combined with our verticalized structure—position us as the partner of choice. We remain confident in our ability to scale impact and drive sustainable growth for our clients and stakeholders.” Venkatraman Narayanan, Managing Director, said, “Even as we continue to invest into AI and strengthen our sales engine, we have delivered 20 quarters of sequential growth with a robust EBITDA of 21.4%. Our unwavering focus remains on driving sustainable growth, enhancing operational efficiency, and consistently creating long-term value for our shareholders.” Result PDF