Happiest Minds Technologies Reports 9% Rise in Q2 Net Profit, Declares Interim Dividend

Happiest Minds Technologies reported a consolidated net profit of ₹54 crore for the quarter ending September 30, 2024, marking a 9% year-on-year increase from ₹49.5 crore in the previous year. The company's revenue from operations rose by 9.95% to ₹573.57 crore, up from ₹521.64 crore during the same period last year. Sequentially, the net profit saw a slight decrease of 5.4%, while revenue increased by 4.3%.

In a statement, CEO Joseph Anantharaju highlighted the firm's success in Generative and Agentic AI, with 22 use cases progressing into replicable projects that unlock nearly $50 million in GenAI Business Services sales potential. An investment in a new Net New sales unit has already added 30 new clients in the first half of the fiscal year, representing an estimated revenue potential of $50-60 million over the next three years. The company added 13 new customers during the quarter, bringing its total client count to 290 as of September 30, 2025.

Furthermore, Happiest Minds Technologies announced an interim dividend of ₹2.75 per equity share for the financial year 2025-26.

Impact This news is likely to have a positive impact on Happiest Minds Technologies' stock. The steady year-on-year growth in profit and revenue, coupled with strong potential from AI initiatives and new client acquisitions, signals healthy future prospects. The declaration of an interim dividend is also a shareholder-friendly move. However, the sequential dip in profit might be a minor concern for some investors. Overall Impact Rating: 7/10.

Heading Difficult Terms: Consolidated Net Profit: The total profit of a company and its subsidiaries after all expenses, taxes, and interest are deducted. Revenue from Operations: The income a company earns from its core business activities. Sequentially: Comparing a financial period (e.g., this quarter) with the immediately preceding period (e.g., the previous quarter). Generative AI: A type of artificial intelligence capable of creating new content like text, images, music, or code. Agentic AI: AI systems designed to act autonomously and make decisions to achieve specific goals. Replicable Projects: Projects that can be successfully reproduced or scaled across different clients or situations. Net New (NN) Sales Unit: A dedicated sales team focused on acquiring entirely new clients rather than expanding business with existing ones. Interim Dividend: A dividend paid to shareholders before the company's annual general meeting and before the final dividend is declared. Equity Share: A type of security that represents ownership in a corporation and entitles the owner to a portion of the corporation's assets and earnings.