Happiest Minds Technologies Q4 Results: Profit rises 11% YoY to Rs 58 crore; dividend declared at Rs 3.4/share

Indian IT services firm, Happiest Minds Technologies, has reported an 11% YoY rise in consolidated net profit to INR 58 crore ($7.8m) for Q4 2020. The company’s Q4 revenue from operations also increased by 26% YoY to INR 378 crore. Happiest Minds’ EBITDA grew by 23% YoY to INR 101 crore. The company’s FY profits and revenues both grew by 28%, to INR 231 crore and INR 1,450 crore, respectively. Joseph Anantharaju, the Executive Vice Chairman of Happiest Minds, said that the company has experienced an overall improvement in pipeline and deal velocity.