Happiest Minds' Q3 Highlights. Management On Key Outcomes & Growth Guidance. How Has Stock Reacted?

Happiest Minds Technologies has announced its financial results for Q3FY24, revealing a 3.5% increase in consolidated net profit, reaching ₹59.6 crore compared to ₹57.5 crore in the same period the previous year. The IT services company experienced a notable 12% surge in revenue from operations during the third quarter of the current fiscal, reaching ₹410 crore, up from ₹367 crore in the corresponding period the previous year. Earnings before interest, tax, depreciation, and amortization (EBITDA) for the December quarter rose by 8.2% to ₹105 crore, surpassing the ₹97.2 crore recorded in the year-ago period. Happiest Minds Technologies proudly announced that it has exceeded EBITDA profit guidance for the fifteenth consecutive quarter. However, the EBITDA margin for the third quarter stood at 19.7%, a decline from the 24.4% reported in the same period the previous year. BTTV's Sakshi Batra speaks with Happiest Minds top management, Venkatraman Narayanan, MD & CFO, and Joseph Anantharaju, Executive Vice Chairman & CEO, Product Engineering.