{"id":138234,"date":"2022-10-20T02:41:00","date_gmt":"2022-10-20T06:41:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=138234"},"modified":"2022-12-01T02:44:57","modified_gmt":"2022-12-01T07:44:57","slug":"happiest-minds-reported-a-whopping-34-growth-in-its-net-profit-in-q2fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/happiest-minds-reported-a-whopping-34-growth-in-its-net-profit-in-q2fy23\/","title":{"rendered":"Happiest Minds reported a whopping 34% growth in its net profit in Q2FY23"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">Happiest Minds posted a strong PAT growth of 34 per cent from INR 44 crores in Q2FY22 to INR 59 Crores in its second quarter of FY23 on consolidated basis. During the quarter, the company\u2019s revenue from operation was INR 356 Crores, growth of 34 on year-on-year (YoY) basis.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">During the Q2 FY23, the company\u2019s EBITDA was up by 26.3 percent to INR 94 Crores while the EPS grew by 34 percent (Y-O-Y) to INR 4.09<\/p>\n\n\n\n<p class=\"has-text-align-justify\">In a statement, Ashok Soota, Executive Chairman at Happiest Minds said, \u201cWe have yet again delivered on our promise of delivering industry leading growth with profitability. Our results reflect the 360-degree value we create for our customers with our breadth and depth of offerings\u201d.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Interestingly, the company added 16 new clients in the Q2 FY23 while Headcount-wise, there were 4,581 Happiest Minds as of September 30, 2022 (net addition for the quarter 393). Trailing 12 months attrition stood at 23.5 per cent.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">The Board of Directors of the Company at their meeting held on October 20, 2022 has declared an interim dividend of Rs 2 per equity share of face value Rs 2 for the financial year 2022-23. Record date for the purpose of interim dividend has been fixed on November 3, 2022 and the dividend will be paid on and after November 15, 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"806\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-806x1024.png\" alt=\"\" class=\"wp-image-138235\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-806x1024.png 806w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-236x300.png 236w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-768x976.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-1209x1536.png 1209w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/8825cf30-dbfa-4248-8a69-3d370f1ab4c7-1612x2048.png 1612w\" sizes=\"auto, (max-width: 806px) 100vw, 806px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Happiest Minds posted a strong PAT growth of 34 per cent from INR 44 crores in Q2FY22 to INR 59 Crores in its second quarter of FY23 on consolidated basis. During the quarter, the company\u2019s revenue from operation was INR 356 Crores, growth of 34 on year-on-year (YoY) basis. During the Q2 FY23, the company\u2019s [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":135239,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[866,10532,9124],"class_list":["post-138234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-cloud-computing","tag-data-analytics-2","tag-software-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/hand-drawn-erp-illustration_23-2149388659.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136387,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-q2fy23-results-out-net-profit-slumps-by-11\/","url_meta":{"origin":138234,"position":0},"title":"Muthoot Finance Q2FY23 results out: Net profit slumps by 11%","author":"Chirag Gupta","date":"November 10, 2022","format":false,"excerpt":"Muthoot Finance reported a net profit of INR 892 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of INR 990 crore a year same quarter -- registering a decline of 11%. However, sequentially, the Q2 PAT climbed by 8.13% from INR 802 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142723,"url":"https:\/\/alphastreet.com\/india\/earnings-carborundum-universal-ltd-nse-carboruni-q3fy23-results-out-total-income-rise-33-yoy\/","url_meta":{"origin":138234,"position":1},"title":"Earnings |Carborundum Universal Ltd. (NSE: CARBORUNI): Q3FY23 Results Out; Total Income rise 33% YoY","author":"Divyansh_Kasana","date":"February 24, 2023","format":false,"excerpt":"Carborundum Universal Ltd. (NSE: CARBORUNI) is a leading manufacturer and supplier of industrial ceramics, abrasives, and electromineral products. The company's product portfolio includes abrasive grains, bonded abrasives, coated abrasives, super abrasives, ceramics, refractories, electrominerals, power tools, and thin wheels. CUMI's products are used in various industries such as automotive, aerospace,\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140962,"url":"https:\/\/alphastreet.com\/india\/delhivery-ltd-nse-delhivery-q3-fy23-results-out-total-income-fell-5-yoy\/","url_meta":{"origin":138234,"position":2},"title":"Delhivery Ltd. (NSE: DELHIVERY): Q3 FY23 Results Out; Total Income fell 5% YoY","author":"Divyansh_Kasana","date":"February 10, 2023","format":false,"excerpt":"Delhivery Ltd (NSE: DELHIVERY) is an Indian courier and logistics company that provides delivery and transportation services across India. The company operates through a network of regional hubs and provides a range of services such as same-day delivery, next-day delivery, and international shipping. Delhivery has established itself as one of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a1a2809b-c6e7-47f9-ac74-73214b412563.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142861,"url":"https:\/\/alphastreet.com\/india\/ugro-capitals-aum-rises-by-97-percent-in-q3fy23-on-yoy-basis\/","url_meta":{"origin":138234,"position":3},"title":"UGRO Capital&#8217;s AUM rises by 97 percent in Q3FY23 on YoY basis","author":"Chirag Gupta","date":"January 25, 2023","format":false,"excerpt":"UGRO Capital, a DataTech NBFC and pioneer of LaaS in India continues its growth momentum in the third quarter of FY23 and crosses INR 5,000 Cr AUM market. UGRO Capital\u2019s AUM stood at INR 5,095 Cr (as on Dec\u201922), up 97% compared to Dec\u201921. The company\u2019s Total Income Q3\u201923 stood\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142927,"url":"https:\/\/alphastreet.com\/india\/rossari-biotech-limited-q3fy23-earnings-story\/","url_meta":{"origin":138234,"position":4},"title":"Rossari Biotech Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 27, 2023","format":false,"excerpt":"Rossari Biotech was incorporated in 2003. The company has made its mark among the largest manufacturers of textile specialty chemicals in India. It essentially deals in three product categories that range from animal health and nutrition, home, personal care, and performance chemicals, to textile speciality chemicals. Financial Results: During the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/science-lab_evotec_-Macrovector.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/science-lab_evotec_-Macrovector.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/science-lab_evotec_-Macrovector.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/science-lab_evotec_-Macrovector.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142364,"url":"https:\/\/alphastreet.com\/india\/uflex-packaging-sales-volume-grew-by-34-percent-in-q3fy23\/","url_meta":{"origin":138234,"position":5},"title":"UFlex packaging sales volume grew by 34 percent in Q3FY23","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"UFlex Ltd, India's largest multinational flexible packaging and solutions company, announced its consolidated financial results for the third quarter ended December 31, 2022. The total Income of the Company grew 0.6% YoY to INR 3496 crore in Q3, FY23. The Company's Earnings before interest, depreciation & amortization, tax and foreign\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=138234"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/138234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/135239"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=138234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=138234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=138234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}