Happiest Minds Q2 FY27: revenue up 12.5% to 64,543 lakhs, PAT up 15.1%; ISG and Everest rank it Contender and Major Contender
Q2 FY27 revenue up 12.5% to 64,543 lakhs, EBITDA up 18.1% and PAT up 15.1% year on year.
By ScoutQuest · · 1 min read
- Q2 FY27 revenue
- 64,543 (₹ lakhs), up 12.5% year on year from 57,357
- Q2 FY27 EBITDA
- 14,204 up 18.1% at a 21.3% margin versus 20.2%
- Q2 FY27 PAT
- 6,219 up 15.1%; PAT nonetheless fell 8.0% quarter on quarter and the quarter carries an exceptional item of 398 lakhs
- Period
- Q2 FY27
- Positioning
- Happiest Minds presents itself as an AI-first, agile digital IT services firm, ranked a Contender by ISG in agentic AI services and a Major Contender by Everest for insurance claims operations, with product and digital engineering at 74.3%
📉 Q2 FY27 revenue was 64,543 (₹ lakhs), up 12.5% year on year from 57,357, with EBITDA of 14,204 up 18.1% at a 21.3% margin versus 20.2% and PAT of 6,219 up 15.1%; PAT nonetheless fell 8.0% quarter on quarter and the quarter carries an exceptional item of 398 lakhs towards the proposed merger with ITC Infotech.
📈 For the half year to Q2 FY27 the company reports revenue of 1,27,394 lakhs, up 13.4%, PAT of 12,978 lakhs, up 16.8%, and adjusted PAT of 15,963 lakhs, up 19.0%; the full FY26 year is printed at revenue of 2,31,511 lakhs and PAT of 21,262 lakhs.
📈 By business unit, PDES contributed 49,484 lakhs or 74.3% of Q2 FY27 revenue, IMSS 11,550 lakhs (17.3%) and GBS 3,509 lakhs (5.3%); digital infrastructure and cloud was 50.7% of revenue and AI/analytics 13.3%, with BFSI the largest vertical at 27.7%.
📌 Operations show headcount of 6,466, utilization of 81.8% and offshore mix of 92.9%, with voluntary attrition easing to 14.3% (TTM); days sales outstanding worsened to 101 days from 88 a year earlier, with unbilled DSO at 41 days.
Also from Happiest Minds Technologies
Record date for interim dividend fixed as November 06, 2026
2 Nov 2026
Happiest Minds Q2 FY27 adjusted PAT up 20.7% to ₹7,911 lakhs
2 Nov 2026
Consolidated results for the September 30, 2026
2 Nov 2026
More numbers
- Revenue from operations, Q2 FY2764,543 (₹ Lakhs)
- EBITDA, Q2 FY2714,204 (₹ Lakhs)
- PAT, Q2 FY276,219 (₹ Lakhs)
- Revenue growth YoY, Q2 FY2712.5%
- PAT growth YoY, Q2 FY2715.1%
- Operating margin, Q2 FY2718.5%
- Revenue, HY 271,27,394 (₹ Lakhs)
- PAT, HY 2712,978 (₹ Lakhs)
- Exceptional item, Q2 FY27398 (₹ Lakhs)
- Total headcount, Q2 FY276,466
- DSO total, Q2 FY27101
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