Happiest Minds Q3 profit dips 16%, revenue up 27%

Share via:


Happiest Minds Technologies reported a 16% year-on-year (YoY) drop in net profit for the third quarter ending December 2024 at Rs 50.1 crore impacted by investment outlay. The profit stood at Rs 59.6 crore in the third quarter a year ago.Revenue during the quarter rose 27% from a year ago to Rs 627.2 crore, from 493.7 crore in Q3FY24. Sequentially, both the profit and revenue rose slightly by 1.2% from Rs 49.5 crore and 0.5% from Rs 623.8 crore, respectively.

“There is a margin expansion, so profitability in terms of percentage to your top line,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Happiest Minds Q3 profit dips 16%, revenue up 27%


Happiest Minds Technologies reported a 16% year-on-year (YoY) drop in net profit for the third quarter ending December 2024 at Rs 50.1 crore impacted by investment outlay. The profit stood at Rs 59.6 crore in the third quarter a year ago.Revenue during the quarter rose 27% from a year ago to Rs 627.2 crore, from 493.7 crore in Q3FY24. Sequentially, both the profit and revenue rose slightly by 1.2% from Rs 49.5 crore and 0.5% from Rs 623.8 crore, respectively.

“There is a margin expansion, so profitability in terms of percentage to your top line,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

What the rise of clean energy looks like from...

A new analysis shared with The New York...

AI is a huge opportunity, much more than SaaS:...

Artificial intelligence and AI agents could be billions...

Bitget CEO slams Hyperliquid’s handling of “suspicious” incident involving...

Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized...

Popular

Upcoming Events

X ad sales expected to grow for first time...

Even with the projected spending increase, X’s business...

Do agentic AI startups need to differentiate?

The agentic AI space is seeing a surge...

Bluemark Software Pvt Ltd: Redefining Digital Business Networking with...

New Delhi , March 26: Digital transformation is...
afg afg afg afg afg afg ADGF ADGF ADGF ADGF ADGF ADGF ADGF ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account