Happiest Minds revenue grows 12% as it misses growth targets
Annual revenue reached ₹2,315 crore, but the firm failed to hit its double-digit constant currency growth target for FY26.
— 4 earlier stories on Happiest Minds Technologies Ltd. →What's new
- Revenue rose 12.3% to ₹2,315 cr; adjusted net profit grew 9.4% to ₹278 cr.
- The board declared a total annual dividend of ₹6.40 per share.
- Deloitte Haskins & Sells re-appointed as statutory auditors for five years.
Why this matters
The company added 51 new clients and expanded its deal pipeline by 27%. Missing the constant currency growth target is a performance shortfall that outweighs these additions. The dividend payout provides yield, but the growth miss is the primary takeaway.
What we're watching
- Whether the expanded deal pipeline converts into revenue in the coming quarters.
- Management commentary on the factors behind the constant currency growth miss.
- Shareholder sentiment at the upcoming AGM on July 28.
The full read
Happiest Minds Technologies closed FY26 with ₹2,315 crore in revenue. This 12.3% increase fell short of the company's double-digit constant currency growth target. Adjusted net profit rose 9.4% to ₹278 crore. Management points to a 27% expansion in the deal pipeline and the addition of 51 new clients as evidence of future value. The failure to hit the growth target is the more immediate reality. Shareholders will receive a total dividend of ₹6.40 per share, including a final payment of ₹3.65. The board also confirmed the re-appointment of Deloitte Haskins & Sells as statutory auditors for a second five-year term. With the AGM scheduled for July 28, the focus shifts to whether the expanded pipeline can bridge the growth gap in the next fiscal year.
Questions answered
- How did Happiest Minds perform in FY26?
- The company reported revenue of ₹2,315 crore, a 12.3% increase, and an adjusted net profit of ₹278 crore, up 9.4%.
- Did the company meet its growth targets?
- No. The company missed its double-digit constant currency growth target for the fiscal year.
- What is the total dividend payout for the year?
- The board recommended a final dividend of ₹3.65 per share, bringing the total annual dividend to ₹6.40.
- What governance decisions were made?
- The board re-appointed Deloitte Haskins & Sells as statutory auditors for another five-year term and set the AGM for July 28.
Story so far
All notes on HAPPSTMNDS →- 29 May 2026 · 2:56 PM IST Happiest Minds revenue grows 12% as it misses growth targets
- 1d ago Happiest Minds misses FY26 growth target, keeps FY27 guidance
- 1d ago Happiest Minds hits 12.3% revenue growth as AI pipeline swells
- 1d ago Happiest Minds misses FY26 growth target as license deals stall
- 5d ago Happiest Minds sticks to 12.5% growth target for FY27