Happiest Minds Technologies Limited — Important, 13-05-2025: General Updates

Happiest Minds has announced a board meeting to discuss the financial results for the quarter and half-year. Revenues grew 24.2% YoY to ₹2162 Cr, supported by strong growth in Product & Digital Engineering Services and Generative AI units. EBITDA margin declined to 21.4% from 24.6%, while adjusted PAT slipped 3.1% to ₹246 Cr. Utilization remained steady at 77.3%, though voluntary attrition increased to 16.6%. The company is expanding its digital transformation and AI services globally, maintaining robust client retention despite margin pressures.