Happiest Minds Technologies Stock Price - ₹353.95 | Information Technology

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Company insights, generated from the most recent coverage.

Merger with ITC Infotech requires NCLT, CCI, and SEBI approvals, with an estimated transaction timeline of 12-15 months, making NCLT sanction the critical path.
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Post-merger debt-to-equity ratio expected to drop from 0.83:1 to ~0.34:1, leveraging ITC Group's conservative balance sheet and superior credit ratings for better capital structure.
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Merger creates a combined asset base of ~₹7,566 Cr, targeting a 27-42% improvement in asset turnover (from 0.67x to 0.85-0.95x) through operational synergies and infrastructure sharing.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

Happiest Minds delivers strong profit recovery and rapid AI service growth, while managing rising debt and a dip in high-value client retention.

GBS revenue grows from ₹1,354 Cr in Q1 FY26 to ₹3,423 Cr in Q1 FY27, expanding the AI service base

Million-dollar clients drop from 59 in Q1 FY26 to 52 in Q1 FY27, signaling a contraction in high-value accounts

Adjusted net profit rises from ₹6,552 Cr in Q2 FY26 to ₹8,052 Cr in Q1 FY27, confirming strong earnings recovery

Average revenue per active customer falls from $910 in Q1 FY26 to $866 in Q1 FY27, indicating pricing pressure

Billion-dollar corporate clients increase from 85 in Q1 FY26 to 92 in Q1 FY27, widening the enterprise customer pool

Debt-to-equity ratio climbs from 0.78 in Q1 FY26 to 0.93 in Q1 FY27, showing increased financial leverage

Voluntary attrition falls from 18.2% in Q1 FY26 to 15.4% in Q1 FY27, improving workforce retention

Finance costs rise from ₹2,387 Cr in Q1 FY26 to ₹2,846 Cr in Q1 FY27, raising the interest burden

Operating profit climbs from ₹9,722 Cr in Q1 FY26 to ₹10,868 Cr in Q1 FY27, reflecting steady core business performance

USA revenue share declines from 60.0% in Q2 FY26 to 56.9% in Q1 FY27, reflecting a gradual market shift

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In the news

Happiest Minds CEO Rules Out Layoffs After ITC Merger Announcement

ITC, TBZ surge while Maruti, aviation stocks fall on Tuesday

ITC Infotech-Happiest Minds merger: ₹1,330 cr deal approved

Happiest Minds-ITC Infotech Merger: Strategic Consolidation in India's IT Sector

ITC shares surge 5% as Happiest Minds-ITC Infotech merger confirmed

Happiest Minds Q1 profit jumps 18% YoY to ₹67.6 cr on AI growth

ITC Infotech's Bold Bet: The Happiest Minds Acquisition Story

Happiest Minds shares jump 4% on Rel(AI)Build AI platform launch

Patanjali Foods Q4FY26 Results: Profit Jumps 46% to ₹524 Cr Despite Margin Pressure

Happiest Minds AI unit grows to ₹570 cr, targets ₹25% revenue share

Happiest Minds shares surge 22% on AI-first strategy boost

Happiest Minds shares surge 35% in 3 days on AI growth forecast

Happiest Minds shares surge 12% on raised FY27 growth projections

Choice Equities Sets Happiest Minds Target at ₹585

Happiest Minds doubles AI hiring amid skill shortages

Happiest Minds Q3 profit drops 25% to ₹40.30 cr, stock hits 52-week low

Happiest Minds Technologies