Happiest Minds Technologies Ltd News

Happiest Minds Technologies Q2 results: Net profit falls 15% to Rs 49.52 cr

IT firm Happiest Minds Technologies has posted a 15.2 per cent on-year decline in consolidated net profit to Rs 49.52 crore in the September 2024 quarter. It reported a net profit of Rs 58.46 crore in the year-ago period, according to a regulatory filing on Wednesday. Revenue from operations during the quarter under review came in at Rs 521.64 crore, an increase of 28.2 per cent from Rs 406.62 crore in Q2 FY24. Seen quarter-on-quarter, profit dipped 2.9 per cent but revenue rose 12.4 per cent. Terming it as the "best growth results since the last two years", company Executive Chairman Ashok Soota said the transformational changes the company initiated this year are gathering momentum. "These changes include the acquisition of PureSoftware and Aureus, the creation of our GenAI Business Unit (GBS), hiring a senior leader to expand net new (NN Sales), and creating six industry groups, each headed by an industry manager. The full impact of all these changes on revenue and growth will

MTAR, Sammaan Capital: Strategies for 3 stocks with high retail holdings

Retail investors hold up to 45.5% stake in these 3 stocks which have under-performed thus far in 2024. What should be your trading strategy here? Find out

Happiest Minds sees need for strategy alignment as customers turn cautious

For Happiest Minds, Q1FY25 was one of the best in terms of growth since the company got listed in September 2020

Happiest Minds Technologies shares fall on Q1FY25 results, down 16% YTD

During Q1FY25, the company's net profit dropped 12.5 per cent Year-on-Year (Y-O-Y) to Rs 51.03 crore, compared to Rs 58.33 crore reported in Q1FY24

Happiest Minds Tech block deal: Shares fall 9%; Ashok Soota likely seller

Happiest Minds block deal news: Reports suggest Happiest Minds' Promoter and Executive Chairman, Ashok Soota, was looking to sell 6 per cent stake in the company through a block deal