Happiest Minds Technologies has reported a 53% year-on-year (YoY) decline in net profit, amounting to ₹34 crore for the fourth quarter ending March 31, 2025. The sharp drop was primarily due to a ₹12.5 crore write-off linked to a North America-based client who failed to meet payment obligations.
Key Financial Highlights:
- Net Profit: ₹34 crore, down 53% YoY from ₹71.9 crore in Q4 FY24.
- Revenue from Operations: ₹544.5 crore, marking a 30.5% increase from ₹417.2 crore in the previous fiscal.
- Sequential Profit Decline: 32% compared to Q3 FY25.
- Total Clients: 281, with 14 new additions in Q4.
- Full-Year Net Profit: ₹184.6 crore, a 25.6% YoY decline from ₹248.3 crore in FY24.
- Revenue Growth: FY25 revenue stood at ₹2,060.8 crore, reflecting a 26.8% YoY increase.
Market Performance & Future Outlook
Despite the Q4 setback, Happiest Minds remains optimistic about strong double-digit organic growth in FY26 and beyond. The company has implemented strategic initiatives, including vertical restructuring and AI-driven solutions, to enhance operational efficiency.
Chairman Ashok Soota emphasized that economic headwinds will not impact the firm’s growth trajectory, citing a healthy pipeline of demand and no recession-driven slowdown.
Additionally, the company’s Board has recommended a final dividend of ₹3.5 per equity share for FY25.
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