Happiest Minds Technologies reports 11% rise in Q4 consolidated net profit

09 May 2023 Evaluate

Happiest Minds Technologies has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 17.60% fall in its net profit at Rs 51.26 crore for the quarter under review as compared to Rs 62.21 crore for the same quarter in the previous year. However, total revenue of the company increased by 18.10% at Rs 351.04 crore for Q4FY23 as compared to Rs 297.24 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 10.65% rise in its net profit at Rs 57.66 crore for fourth quarter ended March 31, 2023 as compared to Rs 52.11 crore for the same quarter in the previous year. Total revenue of the company increased by 24.46% at Rs 386.43 crore for Q4FY23 as compared to Rs 310.48 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 16.03% rise in its net profit at Rs 216.38 crore as compared to Rs 186.48 crore for the previous year. Total revenue of the company increased by 26.48% at Rs 1,354.89 crore for year under review as compared to Rs 1,071.25 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 27.48% rise in its net profit at Rs 230.99 crore as compared to Rs 181.20 crore for the previous year. Total revenue of the company increased by 28.27% at Rs 1,450.40 crore for year under review as compared to Rs 1,130.75 crore for year ended March 31, 2022.

Happiest Minds Tech. Share Price

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