Happiest Minds Q3FY25 Earnings: Profit Dips 16% Due to Higher Finance Costs
2025-02-05
Business Standard
Happiest Minds Technologies, a leading mid-tier IT services company, reported a 16% year-over-year decline in profit after tax (PAT) for Q3FY25, reaching Rs 50 crore. The decrease in PAT was primarily attributed to higher finance costs. In comparison, the company's PAT for Q3 FY24 was Rs 59.6 crore. Despite this, revenue for the quarter saw a significant 27.5% growth, reaching Rs 553 crore. This growth showcases the company's strong performance in the IT services sector, with increasing demand for digital transformation and cloud services driving revenue upwards, and key players like Happiest Minds leveraging technology services and IT consulting to stay competitive.
