Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10.4 % in the past year, substantial increase in net sales/revenue by 1.81 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 198.34 %. Marginal increase in other income during this quarter, up by 3.79%.
- Profit over the Year and quarter: Significant improvement in profitability for Happiest Minds Technologies Limited. Notable increase of 24.84 % in net profit Year to Year, Happiest Minds Technologies Limited’s profitability increased by 20.73 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.45 % Year to Year. EPS increased by 20.35 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 377.98 Cr | Rs. 409.88 Cr | Rs. 417.29 Cr | + 1.81 % | + 10.4 % |
| Expenses | Rs. 285.81 Cr | Rs. 328.98 Cr | Rs. 334.28 Cr | + 1.61 % | + 16.96 % |
| Operating Profit | Rs. 92.17 Cr | Rs. 80.9 Cr | Rs. 83.01 Cr | + 2.61 % | -9.94 % |
| OPM % | 24.38 % | 19.74 % | 19.89 % | + 0.15 % | -4.49 % |
| Other Income | Rs. 8.45 Cr | Rs. 24.29 Cr | Rs. 25.21 Cr | + 3.79 % | + 198.34 % |
| Interest | Rs. 8.75 Cr | Rs. 10.72 Cr | Rs. 10.33 Cr | -3.64 % | + 18.06 % |
| Depreciation | Rs. 12.94 Cr | Rs. 14.81 Cr | Rs. 14.69 Cr | -0.81 % | + 13.52 % |
| Profit before tax | Rs. 78.93 Cr | Rs. 79.66 Cr | Rs. 83.2 Cr | + 4.44 % | + 5.41 % |
| Tax % | 26.95 % | 26.15 % | 25.14 % | -1.01 % | -1.81 % |
| Net Profit | Rs. 57.66 Cr | Rs. 59.62 Cr | Rs. 71.98 Cr | + 20.73 % | + 24.84 % |
| EPS in Rs | Rs. 4.01 | Rs. 3.98 | Rs. 4.79 | + 20.35 % | + 19.45 % |
Today, we’re looking at Happiest Minds Technologies Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.4 %. However, it did see a marginal increase of 1.81 % from the previous quarter. Expenses ticked up slightly by 1.61 % quarter-on-quarter, aligning with the annual rise of 16.96 %. Operating profit, while down -9.94 % compared to last year, faced a quarter-on-quarter increase of 2.61 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.49 %, but an expansion of 0.15 % sequentially. Other income rose by 3.79 % compared to the last quarter, despite an annual growth of 198.34 %. Interest expenses dropped significantly by -3.64 % from the previous quarter, yet the year-over-year increase remains at a moderate 18.06 %. Depreciation costs fell by -0.81 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.52 %. Profit before tax grew annually by 5.41 % but saw an increase from the preceding quarter by 4.44 %.
Tax expenses as a percentage of profits decreased slightly by -1.81 % compared to last year, with a more notable quarter-on-quarter decrease of -1.01 %. Net profit rose by 24.84 % year-on-year but experienced a 20.73 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.45 % but a quarterly rise of 20.35 %. In summary, Happiest Minds Technologies Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 377.98 Cr | Rs. 409.88 Cr | Rs. 417.29 Cr | + 1.81 % | + 10.4 % |
| Expenses | Rs. 285.81 Cr | Rs. 328.98 Cr | Rs. 334.28 Cr | + 1.61 % | + 16.96 % |
| Operating Profit | Rs. 92.17 Cr | Rs. 80.9 Cr | Rs. 83.01 Cr | + 2.61 % | -9.94 % |
| Net Profit | Rs. 57.66 Cr | Rs. 59.62 Cr | Rs. 71.98 Cr | + 20.73 % | + 24.84 % |
| EPS in Rs | Rs. 4.01 | Rs. 3.98 | Rs. 4.79 | + 20.35 % | + 19.45 % |
In reviewing Happiest Minds Technologies Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.4 % year-on-year growth, however, there was a minor increase of 1.81 % from the previous quarter. Expenses rose by 16.96 % compared to the previous year, with a 1.61 % increase quarter-on-quarter. Operating Profit dropped by -9.94 % annually, and saw a 2.61 % increase from the last quarter.
Net Profit showed yearly increase of 24.84 %, and experienced a 20.73 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.45 % annually, however rose by 20.35 % compared to the last quarter. In essence, while Happiest Minds Technologies Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
