Happiest Minds Q2 FY27: Revenue Rs 645.43 cr, PAT Rs 62.19 cr

What the numbers show

• Net margin was 9.64% of revenue, against 9.42% a year earlier.

• Revenue (Operating revenue): Rs 645.43 cr in Q2 FY27 vs Rs 573.57 cr in Q2 FY26, as per the Profit & Loss section of the statement of financial results.

• Total income: Rs 665.99 cr in Q2 FY27 vs Rs 595.18 cr in Q2 FY26, according to the Total income line in the statement of financial results.

• Total expenses (cost of revenue plus SG&A and other operating costs are not shown as a single line in this presentation table, so a consolidated total expenses line is not available to transcribe from the statement of financial results).

• Finance cost: Rs 30.86 cr in Q2 FY27 vs Rs 24.46 cr in Q2 FY26, from the Finance cost line in the Profit & Loss section of the statement of financial results.

• Depreciation: Rs 13.12 cr in Q2 FY27 vs Rs 11.65 cr in Q2 FY26, from the Depreciation line in the statement of financial results.

• Profit before tax (PBT): Rs 83.53 cr in Q2 FY27 vs Rs 72.66 cr in Q2 FY26, as per the PBT line in the statement of financial results.

• Profit after tax (PAT): Rs 62.19 cr in Q2 FY27 vs Rs 54.02 cr in Q2 FY26, from the PAT line in the statement of financial results.

• Adjusted PAT: Rs 79.11 cr in Q2 FY27 vs Rs 67.15 cr in Q2 FY26, according to the Adjusted PAT line in the Profit & Loss section of the statement of financial results.

• Adjusted EPS: Rs 5.25 in Q2 FY27 vs Rs 4.5 in Q2 FY26, as shown in the Data Sheet table linked to the statement of financial results.

In the quarter ended 30 September 2026 (Q2 FY27), Happiest Minds Technologies Limited’s consolidated operating revenue rose to Rs 645.43 cr from Rs 573.57 cr in the corresponding quarter of the previous year, as reported in the Profit & Loss section of the statement of financial results. Total income, which includes other income, increased to Rs 665.99 cr from Rs 595.18 cr over the same period.

On the profitability side, finance cost moved up to Rs 30.86 cr in Q2 FY27 from Rs 24.46 cr in Q2 FY26, while depreciation rose to Rs 13.12 cr from Rs 11.65 cr, based on the Finance cost and Depreciation lines in the statement of financial results. Profit before tax (PBT) improved to Rs 83.53 cr in Q2 FY27 compared with Rs 72.66 cr a year earlier. Profit after tax (PAT) increased to Rs 62.19 cr from Rs 54.02 cr, according to the PAT line in the same table.

The company also discloses adjusted profitability measures in the Profit & Loss section. Adjusted PAT for Q2 FY27 is reported at Rs 79.11 cr versus Rs 67.15 cr in Q2 FY26. The Data Sheet accompanying the results shows adjusted EPS at Rs 5.25 for Q2 FY27, compared with Rs 4.5 for Q2 FY26. These adjusted figures are described in the notes to the statement of financial results as being calculated by adding back exceptional items and amortisation of intangible assets.