Happiest Minds Technologies Limited — Q2 FY25
Happiest Minds delivered its best growth in two years, with Q2 FY25 revenue of INR 549 Cr, up 28% YoY and 12.7% QoQ in constant currency.
bullish
high
✓ 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 FY25
Q2 margin headwinds from pay hikes and fewer working days
Annual pay increases effective July 1 will impact margins by 250-280 bps, and Q2 has fewer billing days, but management expects EBITDA to remain within the 20-22% band.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
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