Happiest Minds Technologies Q1 Results Profit Before Tax of ₹9,615 Lakhs and Net Profit After Tax of ₹7,198 Lakhs

Happiest Minds Technologies recently announced its financial results for the fourth quarter and the full fiscal year ending March 31, 2024. For this quarter, the company reported a total revenue of ₹442.5 crore, showing an increase from the previous year's corresponding quarter.

The growth reflects the company's continued expansion and success in leveraging disruptive technologies such as AI, blockchain, and cloud services across various industries. Despite challenges in the broader economic environment, Happiest Minds managed to maintain robust financial performance.

Happiest Minds Technologies profit before tax for Q4 stood at ₹96.15 crore, with a net profit of ₹71.98 crore, showcasing a healthy bottom line. Additionally, the board recommended a final dividend of ₹3.25 per equity share, subject to approval at the upcoming Annual General Meeting (AGM).

These results underscore the company's strong market position and its commitment to delivering value to shareholders. The financial performance in the March quarter sets a solid foundation as the company moves forward into the next fiscal year.

Happiest Minds Technologies Q1 Results 2024 - 2025

Here is the following table summarizing the key financial results of Happiest Minds Technologies for Q1 of the financial year 2024-2025:

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Happiest Minds Technologies Current Market Overview

Happiest Minds Technologies is currently trading at ₹774 per share with a market capitalization of ₹11,781 crores. The stock has seen a high of ₹970 and a low of ₹738 over the past year. With a price-to-earnings ratio of 49.4, the company is priced relatively high compared to its earnings.

Its book value stands at ₹97.2, and it offers a modest dividend yield of 0.75%. The company has strong financial metrics, with a return on capital employed (ROCE) of 21.6% and a return on equity (ROE) of 20.6%, indicating good profitability and efficient use of resources.

Quarterly Results

Here is the quarterly financial results for Happiest Minds Technologies:

About Happiest Minds Technologies

Happiest Minds Technologies is a technology company based in Bengaluru, India, that focuses on helping businesses transform through digital solutions. They offer services in areas like artificial intelligence, cloud computing, and cybersecurity.

Their goal is to improve business efficiency and provide valuable insights for companies in various industries, such as finance, healthcare, and retail. The company is known for its commitment to agile and digital-first approaches, making it a key player in the IT services sector.