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

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/happiest-minds-technologies” target=”_blank”>Happiest Minds Technologies reported a 16% year-on-year (YoY) drop in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/net-profit” target=”_blank”>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,…



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


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/happiest-minds-technologies” target=”_blank”>Happiest Minds Technologies reported a 16% year-on-year (YoY) drop in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/net-profit” target=”_blank”>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.

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