Happiest Minds Technologies (HAPPSTMNDS) Q4 2025 earnings summary

Executive summary

• Achieved 25.6% constant currency revenue growth for FY25, marking the best year since IPO, with broad-based growth across industries and geographies.

• Integrated acquisitions including PureSoftware, Aureus, Macmillan Learning India, InnovazIT, and GAVS, contributing to above-industry performance.

• Implemented 10 strategic changes, including a new APEX structure and dedicated GenAI business unit.

• Customer satisfaction reached a net promoter score of 63 and a happiness score of 93%.

• Recognized with multiple industry awards for digital transformation, innovation, and workplace culture.

Financial highlights

• Q4 FY25 revenue was $62.9M, up 1.1% sequentially and 25.6% year-over-year; full-year revenue reached $244M.

• EBITDA margin for FY25 was 21.4%, with absolute EBITDA of ₹46,224 lakhs.

• Adjusted PAT for FY25 was ₹24,638 lakhs (11.4% margin), with adjusted EPS at ₹16.37.

• Cash and cash equivalents plus investments at ₹170,380 lakhs as of FY25.

• Board recommended a final dividend of ₹3.50 per share, total dividend for the year at ₹6 per share.

Outlook and guidance

• Expecting healthy double-digit organic growth in FY26 and FY27, driven by transformational initiatives and robust deal pipelines.

• BFSI and healthcare verticals expected to be key growth drivers, with new SOWs in healthcare totaling $20M.

• Continued investments in GenAI business unit, talent, and innovation, with utilization and profitability expected to improve.

• Emphasis on expanding Fortune 2000 client base and deepening relationships with existing customers.