Happiest Minds Share Price in Focus; Announced Q4 FY25 Results & ₹3.5 Dividend Declared

Happiest Minds Technologies Limited posted its consolidated results for the 4th quarter ended March 31, 2025.

Post the announcement, on May 13, 2025, Happiest Minds share price (NSE: HAPPSTMNDS) opened at ₹600.00, down from its previous close of ₹609.70. At 9:43 AM, the share price of Happiest Minds was trading at ₹597.20, down by 2.05% on the NSE.

Q4 FY25 Performance Highlights

Happiest Minds Technologies Limited posted a steady performance for the quarter ended March 31, 2025. In constant currency terms, the company's revenue grew 1.1% quarter-on-quarter (QoQ) and 27.9% year-on-year (YoY). Operating revenues in US dollar terms stood at $63 million, reflecting a 0.3% QoQ growth and a 25.6% YoY rise.

Total income reached ₹57,052 lakh, up 3.0% QoQ and 28.9% YoY. The company reported an EBITDA of ₹10,984 lakh, forming 19.3% of the total income. However, EBITDA declined 6.0% on a sequential basis due to a one-time bad debt expense of ₹1,204 lakh. On a YoY basis, EBITDA still showed a positive growth of 1.5%.

Profit After Tax (PAT) for the quarter stood at ₹3,401 lakh, accounting for 6.0% of the total income.

Full-Year FY25 Financial Highlights

For the full year ended March 31, 2025, Happiest Minds recorded a revenue growth of 25.6% in constant currency. Operating revenue came in at $243.6 million, registering a 24.2% increase over the previous year.

Total income for the year was ₹2,16,222 lakh, representing a YoY growth of 26.4%. EBITDA for the fiscal was ₹46,224 lakh, which formed 21.4% of the total income, and showed an absolute increase of ₹4,102 lakh compared to FY24. Net profit for the year stood at ₹18,466 lakh, contributing 8.5% to the total income.

Client Metrics and Dividend

The company reported a total of 281 active clients as of March 31, 2025, with 14 new client additions in the fourth quarter alone. This indicates healthy business momentum and continued client acquisition.

The Board of Directors recommended a final dividend of ₹3.5 per equity share of face value ₹2 each for FY25. This is subject to shareholder approval.

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Conclusion

Happiest Minds posted its financial performance in FY25, driven by revenue growth and stable profitability, despite a one-time debt impact in Q4.

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