Happiest Minds Technologies Ltd

Happiest Minds Technologies announced the launch of Investment Companion, a generative AI investor solution, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Happiest Minds customers can now use the productive and trusted Azure cloud platform with streamlined deployment and management. Investment Companion is a comprehensive investor relations knowledge management system that extracts, processes and prioritizes content from multiple sources. It provides interactive, multimedia-rich responses via a chat interface with integrated feedback, enhancing the accessibility and usability of critical information.  Powered by Capital Market - Live

Happiest Minds Technologies today announced apex-level changes in the organization structure of Happiest Minds with immediate effect: Joseph Anantharaju who was Executive Vice Chairman, President & CEO of PDES Division will now become Co-Chairman & CEO of Happiest Minds. Joseph will become responsible for all the business divisions of Happiest Minds: Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS) and GenAI Business Services (GBS). The Analytics CoE and People Practice will also report to Joseph. Venkatraman Narayanan is MD & CFO and the following Corporate functions will report to him: Finance, Talent Acquisition, Internal IT, Learning & Development, ESG, CSR, Procurement and Administration. M&A and Board matters will be Joseph and Venkat's joint responsibility. Both Joseph and Venkat will report independently to Ashok Soota who becomes Chairman & Chief Mentor. Powered by Capital Market - Live

Happiest Minds Technologies announced being positioned as 'Innovators and Major Players' in the NelsonHall Vendor Evaluation and Assessment Tool (NEAT) Report in Transforming Core Banking Services. NelsonHall, the leading global analyst firm, helps organizations understand the 'art of the possible' in digital operations transformation. They provide organizations with critical, detailed information on vendors and markets that help them make well-informed decisions. NelsonHall's research offers a comprehensive evaluation of Happiest Minds' Transforming Core Banking Services. According to NelsonHall, Happiest Minds' core banking services revenue is projected to expand by 15% annually over the next three years. Powered by Capital Market - Live

Happiest Minds Technologies Ltd lost 1.5% today to trade at Rs 711.4. The BSE Information Technology index is down 0.21% to quote at 38647.77. The index is down 9.52 % over last one month. Among the other constituents of the index, LTIMindtree Ltd decreased 1.1% and Tata Consultancy Services Ltd lost 0.77% on the day. The BSE Information Technology index went up 1.12 % over last one year compared to the 2.38% surge in benchmark SENSEX. Happiest Minds Technologies Ltd has added 0.58% over last one month compared to 9.52% fall in BSE Information Technology index and 2.19% drop in the SENSEX. On the BSE, 16282 shares were traded in the counter so far compared with average daily volumes of 65315 shares in the past one month. The stock hit a record high of Rs 955 on 21 Jun 2024. The stock hit a 52-week low of Rs 655 on 11 Feb 2025.Powered by Capital Market - Live

Happiest Minds Technologies today announced that it has introduced its proprietary GenAI Research Companion ' a scalable, reusable, and repeatable solution designed for seamless deployment across industries and business functions. Successfully implemented at multiple client locations, the solution has been instrumental in optimizing research workflows. One notable implementation is at SKAN, a globally renowned not-for-profit medical research trust, where it has significantly enhanced research efficiency, demonstrating its potential for widespread cross-industry applications. SKAN's researchers faced significant challenges with traditional, time-consuming methods of analyzing vast volumes of research papers and documents. The absence of a centralized collaboration platform further hindered efficiency and innovation. To address these issues, Happiest Minds deployed its GenAI Research Companion, a scalable solution designed to accelerate research across diverse domains. This proprietary solution automates labor-intensive tasks like summarizing research papers, managing projects, and facilitating real-time collaboration. Key features include an intuitive chat interface for insights, real-time notifications, and robust feedback modules. Ensuring enterprisegrade security, the platform integrates advanced authentication protocols, making it a viable and secure option for organizations in various sectors.Powered by Capital Market - Live

Natco Pharma Ltd, FDC Ltd, Godrej Industries Ltd, Suven Pharmaceuticals Ltd are among the other stocks to see a surge in volumes on BSE today, 13 February 2025.Happiest Minds Technologies Ltd saw volume of 6.15 lakh shares by 10:48 IST on BSE, a 13.36 fold spurt over two-week average daily volume of 46067 shares. The stock increased 0.17% to Rs.696.00. Volumes stood at 96280 shares in the last session.Natco Pharma Ltd clocked volume of 1.99 lakh shares by 10:48 IST on BSE, a 7.68 times surge over two-week average daily volume of 25902 shares. The stock lost 18.71% to Rs.989.00. Volumes stood at 15784 shares in the last session.FDC Ltd saw volume of 28524 shares by 10:48 IST on BSE, a 7.04 fold spurt over two-week average daily volume of 4050 shares. The stock dropped 6.24% to Rs.412.60. Volumes stood at 9909 shares in the last session.Godrej Industries Ltd witnessed volume of 32307 shares by 10:48 IST on BSE, a 6.27 times surge over two-week average daily volume of 5154 shares. The stock increased 8.02% to Rs.878.00. Volumes stood at 5566 shares in the last session.Suven Pharmaceuticals Ltd notched up volume of 38297 shares by 10:48 IST on BSE, a 5.07 fold spurt over two-week average daily volume of 7550 shares. The stock rose 11.36% to Rs.1,164.50. Volumes stood at 3004 shares in the last session.Powered by Capital Market - Live

In dollar terms, revenue for the period under review was $62.7 million, up 0.5% YoY. The revenue grew by 0.8% QoQ in constant currency terms. EBITDA fell by 1.6% quarter-on-quarter (QoQ) to Rs 116.86 crore in the third quarter. EBITDA margin in Q3 FY25 was 21.1% as against 21.7% in Q3 FY24. Profit before tax in Q3 FY25 stood at Rs 68.94 crore, up by 1.8% from Rs 67.71 crore in Q3 FY24. The company recorded free cash flows of Rs 111.80 crore in Q3 FY25. Total client count stood at 278 as of 31 December 2024, with 7 additions made in the December'24 quarter. Total headcount was at 6,630 Happiest Minds as of 31 December 2024. The trailing 12-month attrition rate was 15.3% in Q3 FY25 as against 14.4% in the previous quarter. Ashok Soota, executive chairman, said: Happiest Minds has reported another quarter of strong deal momentum and performance with a revenue growth of 28.2% YoY in constant currency and we are set to report our best performance since IPO in absolute terms. We launched four transformational initiatives this year which included the acquisitions of Puresoftware and Aureus. The success of the same is evident from our YoY growth. The other three initiatives will accelerate our organic growth in the year ahead. These initiatives are the creation of the GenAI Business Unit, Verticalization into six Industry groups and induction of our Chief Growth Officer. At our Generative AI Business Services (GBS), we are collaborating with our clients to explore opportunities for leveraging generative AI to enhance business value, efficiency, and productivity. Our goal is to integrate generative AI features into their products, services and provide them with a competitive advantage. The adoption of this promising technology has picked up speed with our customers embarking into enterprise-wide adoption. Apart from projects already delivered, we have about 15 projects in a proof-of-concept stage which will lead to significant orders/projects in the next fiscal. All our transformational initiatives will also ensure superior performance ahead. The scrip fell 1.28% to currently trade at Rs 698 on the BSE. Powered by Capital Market - Live

Net profit of Happiest Minds Technologies declined 15.97% to Rs 50.10 crore in the quarter ended December 2024 as against Rs 59.62 crore during the previous quarter ended December 2023. Sales rose 29.50% to Rs 530.81 crore in the quarter ended December 2024 as against Rs 409.88 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales530.81409.88 30 OPM %17.6919.74 - PBDT89.9394.47 -5 PBT68.9479.66 -13 NP50.1059.62 -16 Powered by Capital Market - Live

The company will acquire InnovazIT Technologies LLC, Dubai, Gavs Technologies LLC, Oman and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology. The said companies are engaged in application development and maintenance, infrastructure support services for large enterprises mostly in the BFSI industry in the Middle East geography. Annual revenues of the continuing operations that have been carved out is approximately $6.4 million. The company will acquire the business for total consideration of $1.7 million. The said transaction will be completed by 15 March 2025. Happiest Minds Technologies and IT Solutions Company enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights. The IT company's consolidated net profit rose 2% to Rs 59.62 crore in Q3 FY24 as against Rs 58.46 crore recorded in Q2 FY24. Revenue from operations increased slightly to Rs 406.62 crore in Q3 FY24 compared to Q2 FY24. The counter advanced 1.03% to settle at Rs 695.70 on Saturday, 1 February 2025.Powered by Capital Market - Live

Happiest Minds Technologies will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live