Q2 FY27 shareholder update: revenue up 12.5% YoY, interim dividend of ₹3.05 per share
Q2 FY27 shareholder communication.
By ScoutQuest · · 1 min read
- Revenue
- ₹645 crore, up 12.5% YoY, 2.7% QoQ
- Operating profit
- ₹119.1 crore, up 22.4% YoY; margin 18.5%
- Interim dividend
- ₹3.05/share, record date Nov 6, 2026
What this is
The company emailed shareholders a summary of results for the quarter and half year ended September 30, 2026, approved by the Board on November 02, 2026.
Quarter highlights (Q2 FY27)
- Revenue from operations: ₹645 crore (₹ 64,543 lakhs), up 12.5% year-on-year and 2.7% over the previous quarter
- In constant currency (removing currency movements), revenue grew 6.8% YoY
- In dollars, revenue was $67.4 million, up 3.6% YoY
- Operating profit: ₹119.1 crore, up 22.4% YoY; operating margin improved to 18.5%
- Reported profit after tax: 6,219 lakhs, versus 5,402 lakhs a year ago and 6,760 lakhs last quarter
- Adjusted PAT: ₹79.1 crore, Adjusted EPS ₹5.25
- An exceptional expense of INR 398 Lakhs relates to the proposed ITC Infotech merger
Half year (H1 FY27)
- Revenue ₹1,274 crore, up 13.4% YoY
- Operating profit ₹228 crore; Adjusted PAT ₹159 crore
Operations
- 311 active clients, 7 added in the quarter
- Workforce of 6,466; utilisation 81.8%; attrition fell to 14.3% from 15.4%
- Annualised ROCE 24.0%, ROE 14.7%
Dividend
An interim dividend of ₹3.05 per share (face value ₹2) is declared, with record date November 6, 2026, payable on or after November 17, 2026.
ITC Infotech combination
The proposed combination is progressing within indicated timelines, subject to approvals. The combined entity is expected to have over 19,000 professionals and aspires to US$1 billion annual revenue by FY28.
Outlook
Management reiterated FY27 constant currency revenue growth guidance of 12.5%. H1 constant currency growth was 6.7%, so the second half would need faster growth to meet it.
Also from Happiest Minds Technologies
Audio recording of earnings call for quarter and half year ended September 30, 2026 put on website
3 Nov 2026
Happiest Minds reported quarterly results with constant currency growth of 6.8% YoY and 2.4% sequentially, below its own guidance
3 Nov 2026
Record date for interim dividend fixed as November 06, 2026
2 Nov 2026
More numbers
- Q2 revenue from operations₹645 crore
- Q2 revenue YoY growth12.5%
- Q2 operating profit₹119.1 crore
- Operating profit YoY growth22.4%
- Operating margin18.5%
- Q2 Adjusted PAT₹79.1 crore
- Q2 reported PAT (lakhs)6,219
- H1 revenue₹1,274 crore
- Interim dividend per share₹3.05
- Merger-related exceptional expenseINR 398 Lakhs
- Active clients311
- FY27 constant currency growth guidance12.5%
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