Happiest Minds Technologies Limited — Important, 04-08-2025: Updates

Happiest Minds reported strong Q1 FY'26 results, with 17.5% YoY constant currency growth and a robust 21.4% EBITDA margin (₹124 Cr). The GenAI business unit achieved operational break-even (₹0.24 Cr profit) and surged 89.8% YoY. Strategic initiatives, including integrated acquisitions, vertical market focus, and the new sales engine, are driving momentum. Customer base expanded, and utilization hit a 9-quarter high of 78.9%. The company maintains a double-digit constant currency growth outlook and 20-22% EBITDA margins for FY'26, despite elevated attrition and ongoing investments in future growth areas. BFSI and Healthcare remain key focus verticals.