CALCULATE YOUR SIP RETURNS

Happiest Minds Share Price Rises on December 3, 2024

Updated on: Dec 3, 2024, 3:01 PM IST
Happiest Minds share price opened at ₹771.00 on December 3, 2024, slightly up from ₹770.40, trading at ₹771.50 with a 0.14% increase at 10:28 AM.
Happiest Minds Share Price Rises on December 3, 2024
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On Tuesday, Happiest Minds Technologies was gaining the spotlight. On the NSE, on December 3, 2024, Happiest Minds share price opened at ₹771.00, slightly up from its previous close of ₹770.40. At 10:28 AM, the share price of Happiest Minds was trading at ₹771.50, up by 0.14%.

Notably, the company’s stock price touched its 52-week low at 718.00 recently, on November 22, 2024.

Latest Developments

Looking at the recent developments at the company, while announcing the financial performance for the quarter and half year ended September 30, 2024, the company announced that the Board of Directors’ meeting held on November 13, 2024, it was decided to declare an interim dividend of ₹2.5 per equity share, with a face value of ₹2 for the financial year 2024-25. The record date for this dividend was fixed as November 27, 2024.

Q2 FY 2025 Financial Highlights

For the second quarter of FY 2025, the company showed growth. Revenue in constant currency terms grew by 12.7% quarter-on-quarter (qoq) and 28.2% year-on-year (yoy). Operating revenues in US dollars stood at $62.4 million, reflecting a growth of 12.3% qoq and 27.0% yoy.

The total income for the company reached ₹54,867 lakhs, representing a 12.1% growth qoq and 27.9% growth yoy. EBITDA stood at ₹11,882 lakhs, or 21.7% of the total income, with a growth of 1.8% qoq and 13.4% yoy.

Despite strong revenue growth, the company reported a slight decline in profitability. Profit After Tax (PAT) amounted to ₹4,951 lakhs, 9.0% of total income, which marked a decrease of 3.0% qoq and 15.3% yoy.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 3, 2024, 12:04 PM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers