IT Consulting & Software company Happiest Minds Technologies announced Q4FY26 & FY26 results Consolidated Financial Highlights: Quarterly Performance (Q4FY26) Revenue from Operations: Stood at Rs 60,408 lakh, representing a growth of 2.8% QoQ compared to Rs 58,756 lakh in Q3FY26 and a 10.9% growth YoY compared to Rs 54,457 lakh in Q4FY25. Total Income: Reached Rs 62,169 lakh, an increase of 3.1% QoQ from Rs 60,328 lakh and a 9.0% increase YoY from Rs 57,052 lakh. EBITDA: Reported at Rs 12,120 lakh, a decrease of 1.3% QoQ from Rs 12,283 lakh, but a 10.3% increase YoY compared to Rs 10,984 lakh. Profit Before Tax (PBT): Stood at Rs 8,048 lakh, growing by 48.4% QoQ from Rs 5,421 lakh and by 59.7% YoY from Rs 5,039 lakh. Net Profit (PAT): Reported at Rs 6,117 lakh, marking a significant growth of 51.8% QoQ from Rs 4,030 lakh and 79.9% YoY from Rs 3,400 lakh. Annual Performance (FY26) Revenue from Operations: Stood at Rs 2,31,511 lakh for FY26, a growth of 12.3% compared to Rs 2,06,084 lakh in FY25. Total Income: Reached Rs 2,40,008 lakh, up 11.0% from Rs 2,16,222 lakh in the previous year. EBITDA: Reported at Rs 48,835 lakh, growing 5.6% YoY from Rs 46,224 lakh. Profit Before Tax (PBT): Stood at Rs 28,421 lakh, an 11.3% increase over Rs 25,547 lakh in FY25. Net Profit (PAT): Reported at Rs 21,262 lakh, representing a 15.1% growth from Rs 18,466 lakh in FY25. Standalone Financial Highlights: Quarterly Performance (Q4FY26) Revenue from Operations: Stood at Rs 45,721 lakh, a growth of 5.7% QoQ from Rs 43,269 lakh and 17.8% YoY from Rs 38,816 lakh. Total Income: Reached Rs 54,895 lakh, an increase of 22.4% QoQ from Rs 44,841 lakh and 22.0% YoY from Rs 45,006 lakh. Net Profit (PAT): Stood at Rs 11,337 lakh, a sharp increase from Rs 1,403 lakh in Q3FY26 and Rs 3,049 lakh in Q4FY25. Annual Performance (FY26) Revenue from Operations: Stood at Rs 1,72,602 lakh, growing by 8.3% YoY from Rs 1,59,407 lakh. Total Income: Reached Rs 1,90,115 lakh, an increase of 9.8% YoY from Rs 1,73,097 lakh. Net Profit (PAT): Reported at Rs 22,412 lakh for FY26, up 44.2% from Rs 15,543 lakh in FY25. Business Highlights: Segment Performance (Consolidated FY26) Product and Digital Engineering Services (PDES): Revenue stood at Rs 1,84,736 lakh with a segment result of Rs 46,876 lakh. Infrastructure Management & Security Services (IMSS): Revenue was Rs 38,909 lakh with a segment result of Rs 10,554 lakh. Generative AI Business Services (GBS): Revenue reached Rs 7,866 lakh with a segment result of Rs 1,099 lakh. Operational Metrics and Wins Dividend: The Board recommended a final dividend of Rs 3.65 per equity share, taking the total dividend for the year to Rs 6.40. Client Base: Surpassed 300+ active customers, ending the year with 306 active clients. The company added 10 clients in Q4FY26 and 51 clients during FY26. Utilization: Improved to 81.4% in Q4FY26 from 81.1% in the same quarter last year. Employee Strength: Total people strength stood at 6,497 as of March 31, 2026. Guidance: The company declared a guidance of 12.5% growth for FY27 with an aspirational growth target of 15%. Sales Pipeline: Achieved a record pipeline increase of 27%. Ashok Soota, Chairman & Chief Mentor, Happiest Minds, said, “We are delighted that our ‘AI First. Agile Always’ program has generated significant momentum enabling Happiest Minds to declare a guidance 12.5% growth for FY27. We will also strive to progress towards our aspirational growth of 15%” Joseph Anantharaju, Co-Chairman & CEO, Happiest Minds, said, “We are excited with our strong performance for FY26, surpassing 300+ active customers and achieving a record pipeline increase of 27%. The Education segment is being transformed by GenAI, which will lead to opportunities and revival of the EdTech vertical. In addition to the success of the Arttha banking platform, our Eduweave solution already has live customers and a good set of prospects, and we expect many of our other platforms to drive repeatable sales and solutions.” Venkatraman Narayanan, Managing Director, Happiest Minds, said, “We have shown sequential growth in revenues, every quarter since our IPO which is no mean feat. On the back of our improved utilization of 81% vis-à-vis last year of 77.4%, we have delivered industry leading Operating margins of 17.4% well within our guided range. With our investments of the previous years paying off and based on expected growth of 12.5% in constant currency for the next year, we are planning to improve our margins by at least 100 basis points. On the back of a robust balance sheet and healthy cash flows, we remain well-positioned to continue our investments in our AI-First strategy to deliver sustainable long-term value. We are pleased to announce a final dividend of ?3.65 per share, subject to shareholder approval.” Sridhar Mantha, CEO of Generative AI Business Services (GBS), Happiest Minds, said, “We remain focused on scaling our AI-first strategy and investing in capabilities that further accelerate enterprise transformation both on innovative AI solutions and leveraging AI for productivity improvements. We see enormous potential in our investments across multiple AI platforms and repeatable solutions, especially in our flagship Enterprise AI Platform, which enable us to deliver transformative solutions and sustainable value to our clients.” Result PDF