Happiest Minds Q2 results: revenue up 12.5% to Rs 645 crore; Rs 3.05 dividend, record date 6 November

Happiest Minds Technologies reported consolidated revenue of Rs 645 crore for the September 2026 quarter (Q2 FY27), up 12.5% from a year earlier and 2.7% from the June quarter, the company said in its press release on 2 November 2026. In these Happiest Minds Q2 results, the board also declared an interim dividend of Rs 3.05 per share, with a record date of 6 November 2026.

Happiest Minds Q2 results: key numbers

Measure (consolidated)	Q2 FY27	Change
Revenue	Rs 645.43 crore	12.5% YoY
Operating revenue in dollars	$67.4 million	3.6% YoY
Constant-currency revenue	n/a	6.8% YoY
Operating margin (amount)	Rs 119.11 crore	22.4% YoY
Adjusted PAT	Rs 79.11 crore	20.7% YoY

Economic Times reported reported net profit of about Rs 62 crore, up 15.12%. The company’s own release leads with the adjusted figure, so the two numbers differ.

Why the profit figures differ

The company calculates adjusted PAT by adding back exceptional items and amortisation of acquired intangibles. Reported profit includes an exceptional charge of Rs 3.98 crore for costs linked to the proposed merger with ITC Infotech, which the company announced on 31 August 2026.

Dividend and record date

The interim dividend of Rs 3.05 per share (face value Rs 2) goes to shareholders on the register on Friday, 6 November 2026. The record date is the cut-off day for deciding who is eligible. Compare with other payouts in our results news.

Business snapshot

Happiest Minds had 311 clients, with 7 added in the quarter, and 6,466 employees. Trailing 12-month attrition was 14.3%, and utilisation was 81.8%.

What to watch next

Management said the ITC Infotech merger is on track and aims for $1 billion in annual revenue by FY28. In our view, progress on approvals and integration is the main thing to follow.