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980.10
996.00
785.55
1,360.20
6M Return -0.12%
1Y Return -18.29%
Mkt Cap.(Cr) 14,546.14
Volume 22,686
Div Yield 0.37%
OI
-
OI Chg %
-
Volume 22,686

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Rapid Results

Q2FY23 Quarterly Result Announced for Happiest Minds Technologies Ltd.

Happiest Minds Technologies announced Q2FY23 results:

  • Q2FY23:
    • Operating Revenues in US$ stood at $44.3 million (growth of 5.0 % QoQ: 23.8% YoY)
    • Total Income of Rs 35,933 lakhs (growth of 8.9% QoQ; 31.1% YoY)
    • EBITDA of Rs 9,434 lakhs, 26.3% of Total Income (growth of 7.5% QoQ; 34.1% YoY)
    • PAT of Rs 5,941 lakhs (growth of 5.4% QoQ; 33.7% YoY)
    • Free cash flows of Rs 8,580 lacs
    • EPS (diluted) for the quarter of Rs 4.09 (growth of 5.4% QoQ; 33.7% YoY)
  • H1FY23:
    • Operating Revenues in US$ stood at $86.6 million (growth of 25.5% YoY)
    • Total Income of Rs 68,929 lakhs (growth of 30.5% YoY)
    • EBITDA of Rs 18,209 lakhs, 26.5% of Total Income (growth of 33.6% YoY)
    • PAT of Rs11,575 lakhs (growth of 44.4% YoY)
    • Free cash flows of Rs 17,219 lacs
    • EPS (diluted) for half year of Rs 7.99 (growth of 44.2% YoY

Ashok Soota, Executive Chairman, “We have yet again delivered on our promise of delivering industry leading growth with profitability. Our results reflect the 360-degree value we create for our customers with our breadth and depth of offerings”.

Venkatraman N, MD & CFO, “I am extremely happy with our financial performance and I believe its testimony to the good work we doing for our customers. This will be 10th quarter in succession where we have delivered EBITDA margins of more than 25%. Separately, being awarded the prestigious Golden Peacock Award for Excellence in Corporate Governance makes me very proud as it’s a validation of our efforts to build an institution on a strong, ethical and moral foundation”.

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 665.80 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 4,766.50 32,041.69
LAST 3M 28,862.66 46,665.50
LAST 6M 52,909.20 49,493.09
LAST 12M 193,038.46 -134,673.23

Information

  • About Company
  • Company Info
  • Listing Info
66.39
53.25%
50.8413
29.67%
29.91%
Description
  • Happiest Minds is a Bangalore-based IT service provider large-cap Company having a market cap of INR 20,487.53 Crores as of 16th August 2021. The company was incorporated in 2011. Happiest Minds came out with an initial public offer which was listed at BSE and NSE on 17th September 2020. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 543227 and scrip code HAPPSTMNDS. As of 16th August 2021, Happiest Minds Limited is trading at INR 1,386.80.

    Happiest Minds Technologies Limited is a next-generation digital, infrastructure, security, and merchandise engineering company. The business of the corporate is split into three categories; Digital Business Service (DBS), Product Engineering Service (PES), and Infrastructure and Management Security Service (IMSS). The major revenue verticals of the company are Edutech (25.6%), Hitech (18.2%), Banking and Financial Services (16.4%), and Travel, Media, and entertainment (13.6%). Happiest Minds have around 150 active customers and have a global presence in different countries. As of 31st March 2021, it has a total 3,228 number of employees, including contractual employees. 24.5% of permanent employees are women employees. During the FY 2020-21, the company has acquired 100% ownership interest in PGS Inc. with effect from 1st January 2021. The company also has a wholly-owned subsidiary, namely Happiest Minds Inc. USA. As of 31st March 2021, promoters within the company held 53.25%, 25% of the total shares were held by the public. The foreign institutional investors/NRIs held 9.30%. Others held the remaining balance of 12.45% (Mutual Find/Banks - 7.38%, Body Corporate - 2.65%, Clearing Members – 0.41% and Trust – 0.01%).

    As of 30th June 2021, the company has a total of 14.69 Crores shares outstanding. For the year ended March 2021, the company has reported a Consolidated Total Income of INR 773.41 Crores, up 10.78 % from INR 698.21 Crores in March 2020. In addition, the company has reported a net profit after tax of INR 162.46 Crores, from INR 71.71 Crores in March 2020 that reflects upward of 126.56%. Happiest Mind Limited’s stock closed at 1395 on 16th August (NSE) and has returned 246% (approx.) in the last six months.

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Registered Address

53/1-4 Hosur Main Road, Madivala (Next to PoliceStatio, Bangaluru, Karnataka, 560068

Tel : 91-80-61960300/61960400
Email : investors:happiestminds.com
Website : http://www.happiestminds.com

Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 543227
NSE Code : HAPPSTMNDS
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE419U01012

ICICIdirect Happiest Minds Technologies Ltd FAQ

You can buy Happiest Minds Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Happiest Minds Technologies Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Dec 02, 2022 04:01 PM the closing price of Happiest Minds Technologies Ltd was ₹ 990.45.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 02, 2022 04:01 PM, the market cap of Happiest Minds Technologies Ltd stood at ₹ 14,546.14.
The latest PE ratio of Happiest Minds Technologies Ltd as of Dec 02, 2022 04:01 PM is 66.39
The latest PB ratio of Happiest Minds Technologies Ltd as of Dec 02, 2022 04:01 PM is 0.05
The 52-week high of Happiest Minds Technologies Ltd is ₹ 1,360.20 while the 52-week low is ₹ 785.55 .

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