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Happiest Minds Technologies consolidated net profit rises 30.40% yoy in Q2

The sales rose 44.68% to Rs264.53cr in the quarter ended September 2021 as against Rs182.84cr during the previous quarter ended September 2020.

October 29, 2021 3:00 IST | India Infoline News Service
The net profit of Happiest Minds Technologies rose 30.40% to Rs44.44cr in the quarter ended September 2021 as against Rs34.08cr during the previous quarter ended September 2020.

The sales rose 44.68% to Rs264.53cr in the quarter ended September 2021 as against Rs182.84cr during the previous quarter ended September 2020.

Joseph Anantharaju, Executive Vice Chairman, Happiest Minds Technologies said, “We continue our growth momentum with, yet another quarter of stellar growth, driven by a strong demand environment. Given our strong brand recall as a ‘Born Digital. Born Agile’ company and razor-sharp focus on delivering high quality outcomes, we are able to win new logos and increase our wallet share across our existing customers”

Venkatraman N, MD & CFO, Happiest Minds Technologies talking on the financials said, “we have closed yet another good quarter with all-round performance. I am happy to state that during the first half of the year we added on a net basis, 568 happiest minds. We continue to show healthy cash flows and have improved on our capital return ratios prompting us to declare an interim dividend of Rs1.75 per equity share.”

The stock is currently trading at Rs1,275.15 down by Rs22 or 1.7% from its previous closing of Rs1,297.15 on the BSE. The scrip opened at Rs1,296.90 and has touched a high and low of Rs1,300 and Rs1,233.20 respectively.

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