InvestorQ : How did Happiest Minds Technologies perform in Q4 FY22?
Juvina Maggie made post

How did Happiest Minds Technologies perform in Q4 FY22?

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Deepa Salunkhe answered.
2 weeks ago
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Happiest Minds, the latest venture of Ashok Soota, reported 36.18% higher sales revenues for Mar-22 quarter at Rs300.57 crore. FY22 full year revenues were higher by 41.5% at Rs1,094 crore. In terms of vertical performance, the sales revenues from infrastructure management services (IMSS) grew 53% at Rs68.48 crore and 25% for the digital business solutions (DBS) at Rs87.6 crore. However, revenues from product engineering services (PES) were up 36.4% at Rs.144.47 crore. Business traction is expected to improve next quarter.

 

Happiest Minds

 

 

 

 

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 300.57

₹ 220.71

36.18%

₹ 283.94

5.86%

Net Profit (Rs cr)

₹ 52.11

₹ 36.05

44.55%

₹ 48.92

6.52%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 3.58

₹ 2.48

 

₹ 3.38

 

Net Margins

17.34%

16.33%

 

17.23%

 

 

Net profits for fourth quarter was up 44.55% at Rs52.11 crore. In terms of operating performance, the IMSS business saw 68% growth at Rs17.39 crore while EBIT from PES business grew by 37% at Rs59.29 crore. The digital business vertical saw operating profits fall yoy. Net margins were 17.34% in Mar-22 quarter compared to 16.33% in Mar-21 quarter. The board has recommended final dividend of Rs.2 per share for FY22.

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