Happiest Minds Technologies Complete Financial Statements
In FY2026, Happiest Minds Technologies (HAPPSTMNDS) reported revenue ₹625 Cr, net profit ₹61 Cr and EPS ₹4.06, with a net profit margin of 9.8% and ROE of 3.6%. Full financial statements from FY2019 to FY2026 (8 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. For live price, earnings ratios and company overview, see Happiest Minds Technologies screener.
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HAPPSTMNDS Revenue, Net Profit & EBITDA — Year-on-Year Growth
HAPPSTMNDS YoY (Mar 2025 vs Mar 2026) — revenue +9.5%, net profit +79.4%, EBITDA +27.6%, expenses +5.9%. Explore HAPPSTMNDS Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
HAPPSTMNDS Income Statement — Revenue, EBITDA & Net Profit
Happiest Minds Technologies revenue ₹625 Cr, EBITDA ₹125 Cr, net profit ₹61 Cr, EPS ₹4.06 (2026) — net profit margin 9.8%. Review HAPPSTMNDS price earnings ratio to evaluate earnings-based valuation against sector peers.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Jun 2019 | Dec 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 625 | 595 | 571 | 580 | 603 | 549 | 456 | 489 | 554 | 429 | 386 | 405 | 435 | 359 | 311 | 330 | 375 | 274 | 224 | 254 | 292 | 188 | 190 | 187 | 201 | 181 | 168 | 176 |
| Expenses | 501 | 475 | 473 | 456 | 503 | 430 | 334 | 379 | 437 | 324 | 286 | 302 | 329 | 265 | 229 | 242 | 284 | 204 | 165 | 194 | 216 | 139 | 176 | 139 | 142 | 147 | 142 | 148 |
| EBITDA | 125 | 120 | 98 | 124 | 101 | 119 | 121 | 110 | 117 | 105 | 101 | 103 | 106 | 94 | 82 | 88 | 91 | 70 | 59 | 60 | 76 | 49 | 14 | 48 | 60 | 34 | 26 | 28 |
| Operating Profit Margin % | 17.00% | 17.00% | 13.00% | 17.00% | 14.00% | 18.00% | 20.00% | 18.00% | 18.00% | 20.00% | 24.00% | 23.00% | 20.00% | 25.00% | 24.00% | 26.00% | 23.00% | 23.00% | 25.00% | 21.00% | 24.00% | 24.00% | 6.00% | 21.00% | 27.00% | 16.00% | 14.00% | 14.00% |
| Depreciation | 22 | 22 | 23 | 22 | 22 | 23 | 15 | 22 | 21 | 15 | 13 | 14 | 15 | 10 | 9 | 9 | 10 | 8 | 7 | 7 | 9 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Interest | 23 | 25 | 25 | 25 | 25 | 28 | 10 | 20 | 27 | 11 | 9 | 10 | 11 | 5 | 3 | 3 | 6 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 3 | 2 |
| Profit Before Tax | 81 | 73 | 50 | 77 | 54 | 68 | 96 | 68 | 69 | 79 | 79 | 79 | 81 | 80 | 70 | 76 | 75 | 59 | 49 | 51 | 65 | 43 | 7 | 41 | 53 | 27 | 18 | 21 |
| Tax | 19 | 19 | 16 | 20 | 14 | 18 | 24 | 17 | 19 | 21 | 21 | 20 | 21 | 21 | 18 | 19 | 18 | 15 | 13 | 16 | 17 | 9 | 2 | -9 | 11 | 0 | 0 | 0 |
| Net Profit | 61 | 54 | 34 | 57 | 40 | 50 | 72 | 51 | 50 | 59 | 58 | 58 | 60 | 59 | 52 | 56 | 58 | 44 | 36 | 36 | 49 | 34 | 5 | 50 | 42 | 27 | 18 | 21 |
| Earnings Per Share (₹) | 4.06 | 3.59 | 2.26 | 3.79 | 2.68 | 3.29 | 4.79 | 3.39 | 3.33 | 3.92 | 4.01 | 4.04 | 3.98 | 4.15 | 3.68 | 3.96 | 4.02 | 3.12 | 2.55 | 2.51 | 3.44 | 2.51 | 0.49 | 3.73 | 2.98 | 2.01 | 6.08 | 1.60 |
HAPPSTMNDS Balance Sheet — Assets, Liabilities & Shareholders' Equity
HAPPSTMNDS total assets ₹3,625 Cr, total equity ₹1,690 Cr, total liabilities ₹ Cr (2026) — ROE 3.6%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Total Assets | 3,625 | 3,359 | 2,248 | 1,641 | 1,125 | 922 | 508 | 414 |
| Current Assets | 2,076 | 2,001 | 1,778 | 1,073 | 927 | 745 | 445 | 334 |
| Fixed Assets | 396 | 1,211 | 413 | 432 | 158 | 128 | 38 | 61 |
| Capital Work in Progress | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 350 | 0 | 13 | 472 | 392 | 83 | 98 |
| Other Assets | 0 | 1,797 | 1,835 | 1,194 | 495 | 402 | 387 | 254 |
| LIABILITIES | ||||||||
| Total Liabilities | ||||||||
| Current Liabilities | 534 | 577 | 201 | 226 | 95 | 97 | 31 | 48 |
| Non-Current Liabilities | ||||||||
| SHAREHOLDERS' EQUITY | ||||||||
| Total Equity | 1,690 | 1,575 | 1,480 | 839 | 666 | 546 | 265 | -66 |
| Share Capital | 30 | 30 | 30 | 29 | 29 | 28 | 45 | 28 |
| Reserves & Surplus | 1,659 | 1,545 | 1,450 | 810 | 637 | 518 | 220 | -94 |
HAPPSTMNDS Cash Flow Statement — Operating, Investing & Financing
Happiest Minds Technologies operating cash flow ₹236 Cr, investing ₹-732 Cr, financing ₹500 Cr, net cash flow ₹4 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | 236 | 213 | 207 | 168 | 144 | 112 | 58 |
| Investing Activities | -732 | -537 | -348 | -96 | -271 | -72 | 1 |
| Financing Activities | 500 | 364 | 72 | -91 | 169 | -13 | -59 |
| Net Cash Flow | 4 | 39 | -69 | -19 | 42 | 27 | 0 |