Happiest Minds Results: Revenue **10.7%** bhaga, par Profit **19.6%** gira! Kya hai asli wajah?

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AuthorAnanya Iyer|Published at:
Happiest Minds Results: Revenue **10.7%** bhaga, par Profit **19.6%** gira! Kya hai asli wajah?
Overview

Happiest Minds Technologies ne Q3 FY26 ke results announce kiye hain, aur bhai log, numbers thode mixed hain. Company ka revenue **10.7%** YoY badhkar **₹587.56 Crores** ho gaya hai, jo ki kaafi achha hai. Lekin, Profit After Tax (PAT) mein **19.6%** ka dip aaya hai, aur iska sabse bada reason hai **₹2,203 Lakhs** (yani **₹22.03 Crores**) ka exceptional charge jo naye Labour Codes ki wajah se laga hai.

Dekhte hain kya chal raha hai financial side pe. Q3 FY26 mein, Happiest Minds ka consolidated revenue YoY 10.7% badhkar ₹587.56 Crores raha, aur sequential basis pe bhi 2.4% up tha. Pichhle 9 mahine ki baat karein toh revenue 12.8% YoY growth ke saath ₹1,711.03 Crores pahunch gaya hai.

EBITDA bhi ₹122.83 Crores raha, jismein margin stable 20.4% pe bana hua hai, matlab operations theek chal rahe hain.

Lekin asli picture dikhi PAT mein. Yeh YoY 19.6% gir kar ₹40.30 Crores ho gaya. Iska direct reason hai ₹22.03 Crores ka one-off charge jo company ko new Labour Codes implement karne ke liye dena pada. Agar yeh exceptional charge hata dein, toh adjusted PAT 13.0% YoY badhkar ₹69.92 Crores ho jata hai, jo ki underlying growth ko show karta hai. Adjusted EPS ₹4.64 raha.

Ab baat karte hain company ki strategy aur future ki. Happiest Minds apni 'AI First. Agile Always.' strategy pe kaafi focus kar rahi hai. Company ne plans banaye hain ki FY27 tak 1000+ AI professionals ki team taiyar karegi. Unka operational AI Services Delivery Platform clients ko AI projects ko pilot se production tak le jaane mein help kar raha hai. Hal hi mein clients se kuch achhe wins mile hain, khaas kar GenAI applications mein. Employee utilization bhi 82% pe acchi hai, though attrition rate 17.4% pe hai, jo IT sector mein monitor karne wali cheez hai.

Risks ki baat karein toh, company ki balance sheet mein Goodwill kaafi badh gaya hai, ₹769.41 Crores ho gaya hai FY24 ke ₹140.32 Crores se, jo acquisitions ki wajah se hua hai. Is pe nazar rakhni hogi. Saath hi, ROCE aur ROE mein thoda decline dekha gaya hai.

Overall, company AI ke boom ka fayda uthane ke liye position kar rahi hai. Revenue growth aur client wins positive hain. Investors dekhenge ki company kaise acquired businesses ko integrate karti hai aur profitability ratios ko kaise improve karti hai, jabki apni AI-centric growth strategy ko execute kar rahi hai.

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