Happiest Minds Technologies Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q2 FY26Double-digit revenue growth for FY26 and three more yearsActive

Management raised commitment from three to four consecutive years of double-digit growth through FY28, backed by strong pipeline and AI momentum.

Q3 FY264-year 10%+ constant currency revenue growth commitmentActive

Management reiterated the commitment to deliver 10%+ revenue growth in constant currency over a 4-year period, with Q3 and 9-month growth at 10.2%.

Q3 FY26Potential upward revision of growth guidance at Q4 resultsActive

Management indicated that at Q4 results, they expect to show a significant increase in the guidance over and above the 10% growth committed for four years.

Margins

Q2 FY26EBITDA margin guidance of 20-22% for FY26Active

Management reiterated EBITDA margin target of 20-22% for FY26, with gradual improvement expected in H2.

Q3 FY26EBITDA margin guidance of 20-22% for FY26Active

EBITDA margin for the quarter was 20.4%, within the guided range of 20-22% for the current financial year.

Growth

Q2 FY26GBS revenue potential of $50M from replicable use casesTracked

GBS has built 22 replicable use cases with revenue potential of $50M over the next 3-4 years, expected to start billing in Q3 and Q4.

Q2 FY26Net new sales unit annualized run rate of ~$20MActive

Net new sales unit is operating at an annualized run rate of about $20M, with 30 new clients signed in H1.

Q3 FY26GenAI team to grow to 1,000 by end of FY27Tracked

The company plans to grow its Generative AI team to 1,000 employees by the end of FY27, while maintaining financial discipline.