Happiest Minds Q4 PAT up 44.55% at Rs52.11cr on sharp profit growth in IMSS and the PES verticals

6 May 2022 , 07:32 PM

Happiest Minds reported 36.18% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs300.57cr. On a sequential basis, revenues were higher for the quarter by 5.86%.

For the full year FY22, the revenues were higher by 41.5% at Rs1,094cr. Revenues from infrastructure management services (IMSS) vertical grew 53% at Rs68.48cr and 25% growth in digital business solutions (DBS) at Rs87.6cr.

Revenues from product engineering services (PES) were up 36.4% at Rs.144.47cr. It expects better traction in FY23.

The consolidated net profit for Q4 was up 44.55% at Rs52.11cr while it was up on a sequential basis by 6.52%.

The operating profits of the IMSS business was up 68% at Rs17.39cr while operating profit from PES business was up 37% at Rs59.29cr. DBS vertical operating profits fell on a yoy basis.

Net margins stood at 17.34% in Mar-22 quarter compared to 16.33% in Mar-21. NPM was higher sequentially compared to 17.23% in Q3. The board has recommended final dividend of Rs.2 per share for FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Happiest Minds
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 300.57	₹ 220.71	36.18%	₹ 283.94	5.86%
Net Profit (Rs cr)	₹ 52.11	₹ 36.05	44.55%	₹ 48.92	6.52%
Diluted EPS (Rs)	₹ 3.58	₹ 2.48		₹ 3.38
Net Margins	17.34%	16.33%		17.23%