Happiest Minds Technologies reported strong year-on-year growth in the September quarter, driven by momentum in Generative AI projects and steady client additions. The company said its focus on AI-led business transformation and new client wins has unlocked multi-million-dollar revenue potential over the next three years.

Happiest Minds reports ₹54 crore Q2 profit, driven by AI-led growth and new client wins

CNBCTV18·author

Published Oct 28, 2025 | 2:00 PM GMT-04

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IT firm Happiest Minds Technologies on Tuesday reported a 9% increase in consolidated net profit to ₹54 crore in the September quarter.

The Bengaluru-headquartered IT firm had logged a profit of ₹49.5 crore in the year-ago period, according to a regulatory filing.

The company’s revenue for operations rose 9.95% to ₹573.57 crore, as against ₹521.64 crore a year ago.

Seen sequentially, profit fell 5.4% while revenue increased 4.3%.

“Our success in Generative and Agentic AI is evident from 22 transformative use cases that have progressed into replicable projects, unlocking a GenAI Business Services (GBS)-led sales potential of nearly $50 million. Our investment in an independent Net New (NN) sales unit has also delivered strong early outcomes, with 30 new client additions during H1 representing a revenue potential of about $50-60 million over the next three years,” company CEO Joseph Anantharaju said.

The company added 13 customers during the quarter and had a total of 290 clients as of September 30, 2025.

The company declared an interim dividend of ₹2.75 per equity share of face value ₹2 for the 2025-26 financial year.

Shares of the company settled 0.06% lower at ₹515.85 apiece on the BSE on Tuesday. The financials were announced post-market hours.

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