Happiest Minds Technologies Ltd
Communication to Shareholders - Financial Results for the quarter and financial year ended March 31, 2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 02 Jun 2026, 08:12 PM IST · BSE ID: da152e4b-316c-40d0-8eb6-598419225b89
View Original BSE Filing (PDF)
💡
In Simple Terms
Happiest Minds' profit in the latest quarter jumped 79.9%, and its full-year revenue increased by 12.3%.
🤖 AI Summary
- Happiest Minds Technologies reported Q4 FY26 PAT of ₹6,117 lakhs, increasing 79.9% year-on-year.
- Full-year FY26 revenues reached ₹2,31,511 lakhs, a growth of 12.3% year-on-year.
- FY26 operating profit was ₹40,162 lakhs, up 12.3% YoY, with margins at 17.4%.
- The board recommended a final dividend of ₹3.65 per equity share for FY26.
- The company ended FY26 with 306 active customers and a utilization rate of 81.4%.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4 FY26 Revenues
₹60,408 lakhs
10.9%
FY26 Revenues
₹2,31,511 lakhs
12.3%
Q4 FY26 PAT
₹6,117 lakhs
79.9%
FY26 PAT
₹21,263 lakhs
15.1%
FY26 Operating Margin
17.4%
Recommended Final Dividend
₹3.65 per equity share
🏢 How This Affects the Company
The company achieved 306 active customers by FY26 end, adding 51 customers during the year, indicating sustained customer acquisition and relationship strength. A 27% growth in the pipeline during Q4 FY26 suggests continued demand for its digital and AI-led services.
Q4 FY26 PAT increased by 79.9% YoY to ₹6,117 lakhs, and full-year FY26 PAT grew 15.1% to ₹21,263 lakhs, reflecting improved operational efficiencies. Operating margins remained at 17.4% for FY26, consistent with the previous year's 17.3%.
Utilization improved to 81.4% in Q4 FY26, up from 82% in Q3 FY26, indicating enhanced efficiency in project execution. Trailing 12-month attrition stood at 17% as of March 31, 2026.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must approve the recommended final dividend of ₹3.65 per equity share at the upcoming Annual General Meeting.
👤
Who Is Affected
All shareholders holding equity shares of Happiest Minds Technologies Ltd are affected by the recommended final dividend, which if approved, will bring the total FY26 dividend to ₹6.40 per share.
🔍
Management Signal
The dividend recommendation and confidence in achieving FY27 growth guidance of 12.5% signals management's focus on profitable growth and shareholder returns.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Annual General Meeting for dividend approval and record date announcement.
Q1 FY27 financial results to assess continued revenue growth and operating margins.
Updates on customer additions and utilization rate in subsequent quarters.
LOW RISK
The filing indicates consistent financial performance and a clear growth outlook.
💡 Investor Takeaway
Happiest Minds Technologies reported Q4 FY26 PAT of ₹6,117 lakhs, up 79.9% YoY, driven by improved operational efficiencies. Full-year FY26 revenues were ₹2,31,511 lakhs, growing 12.3% YoY, with operating margins at 17.4%. A final dividend of ₹3.65 per share was recommended.
⚖️ Strengths & Concerns
✅ Positives
- Q4 FY26 PAT showed significant growth of 79.9% YoY to ₹6,117 lakhs, reflecting improved operational efficiencies and stronger utilization.
- The company maintained healthy operating margins at 17.4% for FY26, consistent with FY25's 17.3%, despite revenue growth of 12.3% YoY.
⚠️ Concerns
- Q4 FY26 operating revenues in US$ declined by 1.0% QoQ to $65.0 million, despite a 2.8% QoQ growth in INR revenues.
- Profit before Non Cash/Exceptional for FY26 decreased by (7.0)% to ₹30,280 lakhs compared to ₹32,553 lakhs in FY25.
📅 Company Track Record
In a prior filing on May 28, 2026, Happiest Minds Technologies reported Q4 FY26 profit up 79.91% YoY to Rs. 6,117 lakhs, confirming the growth trend presented in this shareholder communication.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Happiest Minds Technologies' PAT for Q4 FY26?
Happiest Minds Technologies reported a Profit After Tax (PAT) of ₹6,117 lakhs for Q4 FY26, representing a 79.9% year-on-year increase.
What were Happiest Minds Technologies' revenues for the full financial year FY26?
For the financial year ended March 31, 2026, Happiest Minds Technologies' revenues were ₹2,31,511 lakhs, a growth of 12.3% year-on-year.
What final dividend did Happiest Minds Technologies' Board recommend for FY26?
The Board recommended a final dividend of ₹3.65 per equity share for FY26, bringing the total dividend for FY26 to ₹6.40 per share if approved.
What was Happiest Minds Technologies' operating margin for FY26?
Happiest Minds Technologies maintained an operating margin of 17.4% for the full financial year FY26.
Questions based on this BSE filing only. For information purposes.