Exclusive: Happiest Minds Tech's Management On Q1 Results, Digital Services & FY25 Growth Plans

Happiest Minds Technologies has reported a notable decline in Profit After Tax (PAT) for Q1 FY25, with figures falling to Rs 51.03 crore. This marks a 29.1% drop from the previous quarter and a 12.5% decrease year-on-year (YoY). Quarterly revenue rose to Rs 463.83 crore, up from Rs 417.29 crore in Q4 FY24 and Rs 390.87 crore in Q1 FY24. EBITDA reached Rs 116.71 crore, accounting for 23.9% of total income, reflecting a 13.3% year-over-year increase. Free cash flows stood at Rs 115.69 crore, and diluted Earnings Per Share (EPS) were reported at Rs 3.39. Venkatraman Narayanan, MD & CFO, and Joseph Anantharaju, Executive Vice Chairman & CEO – Product & Digital Engineering Services (PDES) of Happiest Minds Technologies, speak to Business Today TV to discuss Q1 earnings and the company’s growth strategy for FY25.