Happiest Minds Q2 Revenue Rises 12.5%; AI Revenue Figure Remains Undisclosed

Happiest Minds Technologies reported Q2 FY27 results with total revenue of ₹645.43 crore, up 12.5% YoY and 2.7% QoQ, while EBITDA improved to 21.3% margin and net profit grew 15.1% YoY. The company's Generative AI Business Services division had grown nearly 50% sequentially in Q3 FY26, but no separate AI revenue figure was disclosed in Q2 results, contrary to earlier guidance. A significant development is the proposed merger with ITC Infotech, which incurred an exceptional expense of ₹3.98 crore during the quarter and remains on track for completion.

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