Happy Square Outsourcing reported FY26 turnover of INR 109.88 Cr (up 12.49% YoY) and H2 turnover of INR 66.51 Cr (up 35.92% YoY), with H2 PAT up 27.20% YoY. EBITDA margins dipped due to IPO expenses and heavy AI tech investment. Management targets 80% revenue growth in FY27, aiming for INR 300 Cr+ by FY28, with EBITDA margins recovering to 9%. The company is transforming into a tech-driven solution provider, leveraging AI (Veera AI) for efficiency. A robust pipeline includes INR 21 Cr and INR 15 Cr government contracts. International expansion is planned, alongside a 50:50 government-private business focus. Management maintains a confident outlook.
All announcements from Happy Square Outsourcing Services Limited