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Shares of Happiest Minds jumped nearly 3% from the day's low after the management painted a rosy picture of the future prospects for the technology service provider.
By Sriram Iyer October 29, 2025, 11:22:48 AM IST (Published)
Happiest Minds Technologies expects to sustain double-digit revenue growth for the financial year ending March 2026 (FY26) citing a robust deal pipeline and growing traction in generative AI-led services.
Shares spiked by over ₹10 a piece soon after the conversation that aired on CNBC-TV18.
In an interview with CNBC-TV18, the management said the deal pipeline at the end of the second quarter of FY26 was “much higher” than at the start of the year, positioning it well to deliver consistent growth over the next four years, extending its earlier three-year visibility.
Happiest Minds signed 30 net new logos in the first half of FY26, which the company expects will contribute around $50 million in revenue over the next three to four years. These new client wins will start ramping up meaningfully in the second half of the current fiscal.
Revenue from generative AI-led business services stood at $4 million in the first half of the year, and the company expects it to double to $8 million for FY26.
Over the next three to four years, this segment alone is projected to scale to between $50 million to $60 million, the executives added.
To put it in context, In the June quarter (Q1 FY26), the firm reported consolidated revenue of about ₹573 crore ($65 million), up 10% year-on-year and 4.3% from three months earlier. Net profit came in at ₹65 crore.
The company noted that billing rates for generative AI-led projects are 20–25% higher than its company average—meaningfully above even high-end offerings such as analytics and product engineering.
Happiest Minds remains confident of maintaining margins above 20% and an operating margin of above 17% for the full year.
As of October 2025, Happiest Minds has a market capitalisation of around ₹7,900 crore.
