Happiest Minds Share Price Rises on December 3, 2024

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.

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