Happiest Minds Technologies Limited — Q2 FY24
Happiest Minds reported Q2 FY24 revenue of INR 429 crore (+19.3% YoY) and EBITDA margin of 24.4%, above the guided 22%-24% range.
neutral
medium
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY24
Revenue growth guidance of 25% for FY24
Management reiterated 25% revenue growth guidance for FY24, inclusive of both organic and inorganic contributions. May update later in the year based on M&A progress.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY24
EBITDA margin guidance of 20%-24%
EBITDA margin guidance maintained at 20%-24%, with Q1 delivering 25.5%. Wage hikes effective July may temporarily impact margins.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1