Results Snapshot
Figures in Cr
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
2,315.11
2,060.84
1,624.66
1,429.29
1,093.65
773.41
698.21
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
2,315.11
2,060.84
1,624.66
1,429.29
1,093.65
773.41
698.21
Raw Material Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
1,560.95
1,365.34
1,014.69
806.81
620.00
452.38
441.23
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
350.78
341.08
274.12
263.62
215.98
129.54
159.88
Total Expenditure (Excl Depreciation)
1,911.73
1,706.42
1,288.81
1,070.43
835.98
581.92
601.11
Operating Profit (PBDIT) excl Other Income
403.38
354.42
335.85
358.86
257.67
191.49
97.10
Other Income
84.97
101.38
85.37
21.11
37.10
24.24
16.02
Operating Profit (PBDIT)
488.35
455.80
421.22
379.97
294.77
215.73
113.12
Interest
97.36
99.48
42.27
21.86
9.95
6.97
8.02
Exceptional Items
-18.59
-12.16
14.02
-6.34
0.00
0.00
-11.26
Gross Profit (PBDT)
372.40
344.16
392.97
351.77
278.73
208.76
93.84
Depreciation
88.19
88.70
58.29
41.91
32.88
22.74
20.23
Profit Before Tax
284.21
255.46
334.68
309.86
245.85
186.02
73.61
Tax
71.59
70.80
86.29
78.87
64.65
23.56
1.90
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
212.62
184.66
248.39
230.99
181.20
162.46
71.71
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
212.62
184.66
248.39
230.99
181.20
162.46
71.71
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
212.62
184.66
248.39
230.99
181.20
162.46
71.71
Equity Capital
30.05
30.01
29.87
28.66
28.54
28.37
8.79
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
1,659.44
1,544.57
1,450.37
810.16
637.26
517.62
256.52
Earnings per share (EPS)
14.15
12.31
16.63
16.12
12.7
11.45
16.32
Diluted Earnings per share
14.11
12.26
16.73
16.01
12.84
11.45
5.36
Operating Profit Margin (Excl OI)
17.42%
17.2%
20.67%
25.11%
23.56%
24.76%
13.91%
Gross Profit Margin
16.09%
16.7%
24.19%
24.61%
25.49%
26.99%
13.44%
PAT Margin
9.18%
8.96%
15.29%
16.16%
16.57%
21.01%
10.27%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is 12.34% vs 26.85% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is 15.14% vs -25.66% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is 13.81% vs 5.53% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is -2.13% vs 135.34% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has improved from Mar 2025
Compare Annual Results Of Happiest Minds With
Figures in Cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
2,315.11
1,060.19
1,254.92
118.37%
Other Operating Income
0.00
0.00
0.00
Total Operating income
2,315.11
1,060.19
1,254.92
118.37%
Raw Material Cost
0.00
0.00
0.00
Purchase of Finished goods
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
Employee Cost
1,560.95
706.14
854.81
121.05%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
350.78
117.79
232.99
197.80%
Total Expenditure (Excl Depreciation)
1,911.73
823.93
1,087.80
132.03%
Operating Profit (PBDIT) excl Other Income
403.38
236.26
167.12
70.74%
Other Income
84.97
75.81
9.16
12.08%
Operating Profit (PBDIT)
488.35
312.07
176.28
56.49%
Interest
97.36
9.96
87.40
877.51%
Exceptional Items
-18.59
0.00
-18.59
Gross Profit (PBDT)
372.40
302.11
70.29
23.27%
Depreciation
88.19
40.95
47.24
115.36%
Profit Before Tax
284.21
261.16
23.05
8.83%
Tax
71.59
59.04
12.55
21.26%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
212.62
202.12
10.50
5.19%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
212.62
202.12
10.50
5.19%
Share in Profit of Associates
0.00
0.00
0.00
Minority Interest
0.00
-4.00
4.00
100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
212.62
198.12
14.50
7.32%
Equity Capital
30.05
20.69
9.36
45.24%
Face Value
2.00
1.00
0.00
Reserves
1,659.44
1,734.51
-75.07
-4.33%
Earnings per share (EPS)
14.15
9.58
4.57
47.70%
Diluted Earnings per share
14.11
9.56
4.55
47.59%
Operating Profit Margin (Excl OI)
17.42%
22.28%
0.00
-4.86%
Gross Profit Margin
16.09%
28.50%
0.00
-12.41%
PAT Margin
9.18%
19.06%
0.00
-9.88%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 2,315.11 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 12.34% vs 26.85% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit 212.62 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 15.14% vs -25.66% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 403.38 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 13.81% vs 5.53% in Mar 2025
Annual - Interest
Interest 97.36 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -2.13% vs 135.34% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 17.42%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has improved from Mar 2025






