Detailed Summary

Key Quantitative Figures

Financial Results (Consolidated, ₹ in lakhs):

  • Q4 FY26 Revenue: ₹60,408; Q3 FY26: ₹58,756; Q4 FY25: ₹54,457
  • FY26 Total Revenue: ₹2,31,511; FY25: ₹2,06,084 (12.3% YoY growth)
  • Q4 FY26 Profit After Tax: ₹6,117; Q3 FY26: ₹4,030; Q4 FY25: ₹3,400
  • FY26 PAT: ₹21,263; FY25: ₹18,466 (15.1% YoY growth)
  • FY26 Adjusted PAT: ₹27,863 (excluding exceptional items and amortization)
  • Earnings Per Share (EPS): Basic FY26: ₹14.12; Diluted FY26: ₹14.11
  • Exceptional Items: Q3 FY26 charge of ₹2,203 lakhs and Q4 FY26 credit of ₹344 lakhs related to Labour Code implementation
  • Total Assets (March 31, 2026): ₹3,62,511 lakhs
  • Total Equity (March 31, 2026): ₹1,68,949 lakhs

Dividend Declaration:

  • Recommended final dividend of ₹3.65 per equity share (face value ₹2 each) for FY26
  • Total dividend for year: ₹6.40 per share including interim dividend
  • Record date: July 17, 2026
  • Payment date: On or after August 4, 2026

Operational Metrics:

  • Active customers: 306 as of March 31, 2026 (10 additions in Q4, 51 in FY26)
  • Employee strength: 6,497 as of March 31, 2026
  • Utilization rate: 81.4% in Q4 FY26
  • Trailing 12-month attrition: 17%

Dates of Action

  • Board Meeting: May 28, 2026 (commenced 8:45 PM, concluded 9:30 PM)
  • Financial Year Ended: March 31, 2026
  • AGM Date: July 28, 2026
  • Register Closure: July 18, 2026 to July 28, 2026 (both days inclusive)
  • Dividend Record Date: July 17, 2026
  • Dividend Payment: On or after August 4, 2026
  • Auditor Term: FY2026-27 to FY2030-31 (subject to shareholder approval)

Parties Involved

  • Statutory Auditors: Deloitte Haskins & Sells, Chartered Accountants (ICAI registration number 008072S)
  • ESOP Trust Auditor: Separate auditors for Happiest Minds Technologies Share Ownership Plans Trust
  • Subsidiaries: 17 subsidiaries consolidated including PureSoftware Technologies, Aureus Tech Systems, and various international entities

Capital Structure Impact

  • Paid-up equity share capital: ₹3,005 lakhs (150.25 million shares of ₹2 each)
  • Dividend payout will result in cash outflow subject to shareholder approval
  • No change in share capital structure disclosed

Financial and Operational Impact

Explicitly Disclosed Impacts:

  • Labour Code implementation impact: ₹2,203 lakhs charge in Q3 FY26 and ₹344 lakhs credit in Q4 FY26
  • Acquisition-related intangible amortization: ₹4,600 lakhs for FY26
  • Contingent consideration re-measurement for acquisitions: Gain of ₹1,591 lakhs for Aureus and loss of ₹1,247 lakhs for PureSoftware in FY26

Segment-wise Performance (FY26):

  • Infrastructure Management & Security Services (IMSS): Revenue ₹38,909 lakhs (16.2% of total)
  • Product and Digital Engineering Services (PDES): Revenue ₹1,84,737 lakhs (77.0% of total)
  • Generative AI Business Services (GBS): Revenue ₹7,866 lakhs (3.3% of total)

Vertical-wise Revenue Mix (FY26):

  • BFSI: 26.1%; Edutech: 15.6%; Healthcare: 17.1%; HiTech: 12.4%; Retail/CPG: 9.1%; TME: 9.5%; Industrial: 6.7%; Manufacturing: 2.8%

Forward-looking Guidance

  • Management guidance of 12.5% growth for FY27 in constant currency
  • Aspirational growth target of 15%
  • Expectation to improve operating margins by at least 100 basis points in FY27

Auditor Reports

  • Deloitte Haskins & Sells issued unmodified opinion on annual financial results and conclusion on quarterly results
  • Consolidated financial statements include 17 subsidiaries and ESOP trust
  • 15 subsidiaries audited by other auditors, 2 subsidiaries unaudited but not material to group
  • ESOP trust financials audited by separate auditors