Happiest Minds Q3 Profit Climbs up by 16%

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Happiest Minds Q3 Profit Climbs up by 16%
01 Feb 2022
6 min read

News Synopsis

Famous IT Company Happiest Minds Technology Ltd has seen a rise of 16.1% in its profits in the third quarter of the current financial year. The company said that its Consolidated net income increased to Rs 48.92 crore within the December quarter of the fiscal year 2021-22, as against Rs 42.15 crore within the same quarter of the previous financial year. 

At the same time, the company's revenue increased by 47.2 percent to Rs 283.94 crore in the third quarter of the current financial year as compared to 192.84 crores in the corresponding quarter of the last fiscal year. Happiest Mind's earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 26.1% in the third quarter. 

The company's (CEO) Chief Executive Officer and (MD) Managing Director, N Venkataraman said that Happiest Minds Technology's financial and business performance was also good for the third quarter. He further said that the company added 11 new clients in the December quarter and now its total client count has reached 195.

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