Happiest Minds delivers industry-leading y-o-y revenue growth of 47.2%, Continues strong profitability performance with EBITDA of ₹ 76 Crores, showing a y-o-y growth of 27.8%

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, announced its Q3FY22 results registering industry-leading revenue rise by 47.2% on y-o-y basis and EBITDA growth of 27.8% on a yearly comparison. The company added 11 new clients during the quarter, stated in the press release.

India, January 28, 2022 (GNI): Happiest  Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, today announced its consolidated results for the third quarter ended December 31, 2021 as approved by its Board of Directors.

Happiest Minds Technologies Limited (NSE:HAPPSTMNDS), a ‘Born Digital. Born Agile’, digital transformation and IT solutions company, announced its Q3FY22 results registering industry-leading revenue rise by 47.2% on y-o-y basis and EBITDA growth of 27.8% on a yearly comparison. The company added 11 new clients during the quarter.

All amounts in ₹ Lakhs unless stated otherwise

Revenues ($’000)		37,796	35,809	5.5%	26,202	44.2%		106,758	74,358	43.6%
Revenues		28,394	26,453	7.3%	19,284	47.2%		79,308	55,270	43.5%
Other Income		834	959	(13.0)%	845	(1.3)%		2,719	2,163	25.7%
Total Income		29,228	27,412	6.6%	20,129	45.2%		82,027	57,433	42.8%
EBITDA		7,631	7,012	8.8%	5,969	27.8%		21,258	15,690	35.5%
%		26.1%	25.6%		29.7%			25.9%	27.3%
PBT before Exceptional Item		6,543	5,935	10.2%	5,327	22.8%		18,206	13,678	33.1%
%		22.4%	21.7%		26.5%			22.2%	23.8%
Exceptional Item*		–	–		–			(609)	–
PBT		6,543	5,935	10.2%	5,327	22.8%		17,597	13,678	28.7%
%		22.4%	21.7%		26.5%			21.5%	23.8%
Tax		1,651	1,491	10.7%	1,112	48.5%		4,688	1,037