Happiest Minds Q3: PAT slips on exceptional loss, outlines aggressive AI and GenAI roadmap

Shares of Happiest Minds Technologies Ltd. will be reacting to their quarterly earnings on Tuesday, February 10, after the company announced results post market hours on Monday.

The company reported a decent quarter, with constant currency revenue rising 1.2% quarter-on-quarter and 7.1% year-on-year.

For the first nine months, CC revenue growth stood at 10.2%, in line with management's earlier guidance of double digit growth for FY26.

EBITDA margins remained above the 20% mark, broadly tracking stated guidance.

Net profit, however, declined 25.4% YoY, largely due to an exceptional loss of ₹22.03 crore during the quarter.

On the AI front, the company said it plans to step up investments in AI and GenAI and aims to build a dedicated team of over 1,000 professionals by the end of FY27.

It added that it now has 32 generative AI and agentic AI use cases that have moved beyond the prototype stage, with several scaling into full fledged projects and potential replication across multiple clients and verticals.

The stock ended Monday's session 2.26% higher at ₹395.85. On a year-to-date basis, shares are down over 13%.