Happiest Minds Technologies Limited — Q3 FY24
Happiest Minds reported Q3 FY24 revenue of INR 410 crore, up 11.7% YoY, with EBITDA margin of 24.2%, beating guidance for the 15th consecutive quarter.
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.
Q2 FY24
FY24 organic revenue growth guidance revised to 12%
Management revised the full-year organic revenue growth guidance to 12% from a previous composite (organic+inorganic) target of 35%, citing a large acquisition that did not close and a cautious demand environment.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
EBITDA margin guidance maintained at 22%-24%
The company retains its EBITDA margin guidance of 22%-24% for FY24.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1