Happiest Minds Q1 Results: Shares rise over 5% after company reports 68% increase in net profits

Shares of Happiest Minds Technologies Ltd. surged more than 5% on Tuesday, July 29, after the company posted a 68% increase in net profits at ₹57.1 crore in the first quarter of FY26 compared to ₹34 crore in the fourth quarter last year.The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹ 12.4 crore, accounting for 21.4% of total income, an improvement from 19.3% reported in Q4 FY25. Meanwhile, the IT solutions company’s top line rose only by 1% to ₹549.9 crore on a quarter-on-quarter basis.

“Our strong start to Q1 FY26 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,” Ashok Soota, Chairman & Chief Mentor of Happiest Minds, said.
The company added 17 new clients during the quarter and now boasts a total of 285 customers as of June 30, 2025. The new clients include a global home improvement retail chain, a multinational logistics company, and a US airport, among others, according to a stock exchange filing.At the end of the June quarter, the firm’s attrition stood at 18.2% and the company’s total employee count stands at 6,523.

Shares of the company are trading at ₹636.65, up 5.83% or ₹35.1 on the BSE.

Also read: Happiest Minds acquires Gavs’ Middle East business in $1.7 million deal