Happiest Minds Technologies Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Happiest Minds Technologies Ltd reported a 0.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 27.5%.
- Its expenses for the quarter were up by 0.8% QoQ and 36.8% YoY.
- The net profit increased 1.2% QoQ and decreased 16.0% YoY.
- The earnings per share (EPS) of Happiest Minds Technologies Ltd stood at 3.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 553.77 | 548.67 | 434.17 | 0.9% | 27.5% |
Total Expenses | 484.83 | 480.95 | 354.51 | 0.8% | 36.8% |
Profit Before Tax | 68.94 | 67.72 | 80.73 | 1.8% | -14.6% |
Tax | 18.84 | 18.20 | 21.11 | 3.5% | -10.8% |
Profit After Tax | 50.10 | 49.52 | 59.62 | 1.2% | -16.0% |
Earnings Per Share | 3.30 | 3.30 | 4.00 | 0.0% | -17.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Happiest Minds Technologies Ltd is a prominent player in the IT services industry, primarily focusing on digital business solutions, product engineering, and infrastructure management services. The company is known for its expertise in emerging technologies such as cloud computing, artificial intelligence, and the Internet of Things (IoT). As of the latest available data, Happiest Minds has been concentrating on expanding its digital transformation offerings to cater to a growing demand in the technology sector. Major developments in recent years have included strategic partnerships and acquisitions to bolster its service offerings and geographical reach. However, specific recent developments beyond this scope are not available.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Happiest Minds Technologies Ltd reported a total income of ₹553.77 crores. This figure shows a slight quarter-over-quarter (QoQ) increase of 0.9% compared to ₹548.67 crores in Q2FY25. Year-over-year (YoY), the company experienced a significant revenue growth of 27.5%, rising from ₹434.17 crores in Q3FY24. This indicates that the company has sustained its revenue momentum over the past year, reflecting its ability to leverage market opportunities and broaden its customer base.
Profitability
For Q3FY25, Happiest Minds Technologies Ltd recorded a profit before tax (PBT) of ₹68.94 crores, which marks a QoQ increase of 1.8% from ₹67.72 crores in Q2FY25. However, on a YoY basis, PBT decreased by 14.6% from ₹80.73 crores in Q3FY24. The company also reported a profit after tax (PAT) of ₹50.10 crores, reflecting a slight QoQ increase of 1.2% from ₹49.52 crores in the previous quarter. Nevertheless, the YoY comparison shows a decrease of 16.0% from ₹59.62 crores in Q3FY24. The earnings per share (EPS) remained stable QoQ at ₹3.30, but decreased by 17.5% YoY from ₹4.00, suggesting a contraction in profitability relative to the previous year.
Operating Metrics
The total expenses for Happiest Minds Technologies Ltd in Q3FY25 were ₹484.83 crores, up by 0.8% QoQ from ₹480.95 crores in Q2FY25. Compared to the previous year, expenses increased significantly by 36.8% from ₹354.51 crores in Q3FY24. The tax expense in Q3FY25 rose to ₹18.84 crores from ₹18.20 crores in Q2FY25, marking a 3.5% QoQ increase, while showing a 10.8% decrease YoY from ₹21.11 crores in Q3FY24. These figures indicate that the company has experienced a rise in operational expenses over the period, which has impacted its overall profitability metrics.
