Happiest Minds Technologies, an AI first, customer-centric digital engineering company, has reported a profit after tax (PAT) of ₹61 crore for the fourth quarter of FY26, compared with ₹34 crore in the corresponding quarter last year, registering a growth of 80%.
Revenue for the quarter stood at ₹604 crore against ₹545 crore a year ago, marking an 11% increase.
Full-year performance
For the full financial year FY26, the company posted a PAT of ₹213 crore as compared to ₹185 crore in FY25, reflecting a growth of 15%. Annual revenue rose 12% to ₹2,315 crore from ₹2,061 crore.
The company said it ended FY26 with 306 active clients as of March 31, 2026. It added 10 clients during the March quarter and 51 clients during the full year.
AI-first strategy gains traction
Happiest Minds Technologies Chairman & Chief Mentor, Ashok Soota said, “We are delighted that our ‘AI First. Agile Always’ programme has generated significant momentum enabling Happiest Minds to declare a guidance 12.5% growth for FY27. We will also strive to progress towards our aspirational growth of 15%.”
Happiest Minds Technologies Co-Chairman & CEO, Joseph Anantharaju said, “We are excited with our strong performance for FY26, surpassing 300 active customers and achieving a record pipeline increase of 27%. The Education segment is being transformed by GenAI, which will lead to opportunities and revival of the EdTech vertical.”
He added that the company expects its platforms, including Arttha and Eduweave, to drive repeatable sales and solutions.
Margins remain strong
Happiest Minds Technologies, Managing Director, Venkatraman Narayanan said, “On the back of our improved utilisation of 81% vis-à-vis last year of 77.4%, we have delivered industry-leading operating margins of 17.4% well within our guided range.”
He added that the company expects margins to improve by at least 100 basis points in FY27, supported by stronger growth and prior investments beginning to pay off.
The company’s utilisation stood at 81.4% during the quarter, while trailing 12-month attrition was reported at 17%.
Dividend announced
The board of directors has recommended a final dividend of ₹3.65 per equity share with a face value of ₹2 each for FY26, subject to shareholder approval.
Focus on enterprise AI platforms
Happiest Minds Technologies CEO of Generative AI Business Services, Sridhar Mantha said, “We remain focused on scaling our AI-first strategy and investing in capabilities that further accelerate enterprise transformation both on innovative AI solutions and leveraging AI for productivity improvements.”