{"id":143570,"date":"2023-04-05T08:11:28","date_gmt":"2023-04-05T12:11:28","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143570"},"modified":"2023-04-05T08:11:30","modified_gmt":"2023-04-05T12:11:30","slug":"happiest-minds-technologies-ltd-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/happiest-minds-technologies-ltd-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Happiest Minds Technologies Ltd Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Happiest Minds Technologies Ltd (HAPPSTMNDS) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:18:38] Manik Taneja from Axis asked about the annual growth outlook given the 3Q moderation and the mention of one-offs affecting holidays and working days. Venkatraman Narayanan CFO said the company has considered that some leave days are lost and won&#8217;t be regained. HAPPSTMNDS reviewed its pipeline and are holding steady at 26%, above its 25% guidance for top-line numbers. HAPPSTMNDS said it\u2019s confident of meeting the target.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:17] Abhishek Bhandari at Nomura enquired if the company has plans to reduce margins and invest in sales to potentially accelerate growth in the medium-term. Ashok Soota EC replied that HAPPSTMNDS seeks to increase revenue and develop technologies through new investments, without reducing prices. This strategy has proven successful, leading to a continuous pursuit of new investment opportunities.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:18] Vimal Gohil from Alchemy Capital queried about 3Q cost as the company hired many freshers, but employee growth outpaced revenue growth and if deploying more freshers would increase margins further. Ashok Soota EC said HAPPSTMNDS hired 220 freshers last quarter who will undergo training for 9-12 months before becoming billable. Costs associated with their training and pay won&#8217;t affect profitability for the next two quarters. It will improve HAPPSTMNDS competitiveness and help manage its pyramid after becoming billable.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:30] Vimal Gohil from Alchemy Capital asked about the spending on acquisition of land and delivery center. Ashok Soota EC said it\u2019s a state-sponsored scheme in Bhubaneswar where land is being given for SEZ. HAPPSTMNDS has received an in-principle allotment at a favorable price and is reviewing the terms and conditions. The lease will be for 100 years, and the land cost will not be significant.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:33] Faisal Hawa from H.G. Hawa enquired which two or three adjacencies are necessary to fill up through an acquisition or other means that the company is lacking. Ashok Soota EC replied the company&#8217;s plan is to expand through acquisitions in various areas, including verticals, horizontals, and geos. The company has a process of starting with 50 options and narrowing it down to a shortlist of five, with the possibility of only one or two acquisitions. While the company has achieved this year&#8217;s growth rate, it hopes to make some deals in the future.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:50] Manik Taneja from Axis Capital asked if there is a possibility that the growth rates in near term will be lower than the projected 25% CAGR and if that would impact the $1 billion goal in revenue by 2031. Ashok Soota EC replied that the impact of acquisitions on this goal is not clear, but the company has mostly grown organically and is not experiencing a slowdown in demand. HAPPSTMNDS is optimistic that any fluctuations from organic growth will be offset by acquisitions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Happiest Minds Technologies Ltd (HAPPSTMNDS) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:18:38] Manik Taneja from Axis asked about the annual growth outlook given the 3Q moderation and the mention of one-offs affecting holidays and working days. Venkatraman Narayanan CFO said the company has considered that some leave days are lost and won&#8217;t [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125269,"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":[9825,392,8],"tags":[8588,10169,5075],"class_list":["post-143570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-consulting","tag-earnings","tag-it-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180253,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-happiest-minds-technologies-posts-steady-q3-fy26-revenue-growth-adjusted-profit-rises-despite-exceptional-costs\/","url_meta":{"origin":143570,"position":0},"title":"Earnings Summary: Happiest Minds Technologies posts steady Q3 FY26 revenue growth; adjusted profit rises despite exceptional costs","author":"Staff Correspondent","date":"February 10, 2026","format":false,"excerpt":"Happiest Minds Technologies (NSE:(HAPPSTMNDS), a digital engineering and IT services firm, reported modest revenue growth in the third quarter of FY26, while adjusted profit improved despite one-time expenses linked to wage code implementation. The company is focused on AI, cloud, analytics, IoT and cybersecurity-led transformation. It operates through three units,\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":160934,"url":"https:\/\/alphastreet.com\/india\/happiest-minds-technologies-ltd-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":143570,"position":1},"title":"Happiest Minds Technologies Ltd Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"May 8, 2024","format":false,"excerpt":"Key highlights from Happiest Minds Technologies Ltd (HAPPSTMNDS) Q4 FY24 Earnings Concall GenAI Business Unit Dedicated business unit for Generative AI, a transformational change in IT industry. 14 active customers across industries, 20 projects spanning use cases like chatbots, learning simulators, contract management, sentiment analysis, content generation. Building replicable solutions\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":143651,"url":"https:\/\/alphastreet.com\/india\/happiest-minds-a-next-generation-mindful-it-company\/","url_meta":{"origin":143570,"position":2},"title":"Happiest Minds: A Next Generation Mindful IT Company","author":"Hardik Bhandare","date":"April 12, 2023","format":false,"excerpt":"\u201cLooking to the year ahead, we continue to see strong demand. We have positioned ourselves better to fulfil this demand by enhancing our delivery capacity in every location. Our traditional areas of strength, such as Edutech, hi-tech and retail continue to show sustained growth. We are increasing our presence in\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/8d54de62-75f6-4cc5-bbde-28f98361827b-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138770,"url":"https:\/\/alphastreet.com\/india\/happiest-minds-limited-q3-fy23-revenue-increased-by-29\/","url_meta":{"origin":143570,"position":3},"title":"Happiest Minds Limited Q3 FY23; Revenue Increased By 29%","author":"Hardik Bhandare","date":"January 19, 2023","format":false,"excerpt":"Happiest Minds Technologies Limited (NSE: HAPPSTMND) reported Revenue from Operations for Q3 FY23 of \u20b9366.88 Crore up from \u20b9283.94 Crore year on year, a growth of 29%. The Revenue was driven by PES segment which increased by 29% up to \u20b9175.11 Crore. Consolidated Net Profit of \u20b957.58 Crore, up 18%\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\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/493a094a-b7b3-46eb-bf89-6021b4a3ba6c-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138775,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-happiest-minds-for-q3-fy23\/","url_meta":{"origin":143570,"position":4},"title":"Earnings Summary Of Happiest Minds For Q3 FY23","author":"Hardik Bhandare","date":"January 19, 2023","format":false,"excerpt":"Happiest Minds Technologies Limited, a leading provider of technology solutions, reported its financial results for the third quarter of 2023. The company's revenue for the quarter came in at \u20b9366.88 Crore, an impressive 29% increase from the same period last year. This strong revenue growth was driven by the PES\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\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-3.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145351,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-happiest-minds-technologies-limited-for-q4-fy23\/","url_meta":{"origin":143570,"position":5},"title":"Earnings Summary Of Happiest Minds Technologies Limited For Q4 FY23","author":"Hardik Bhandare","date":"May 8, 2023","format":false,"excerpt":"Happiest Minds Technologies Limited is a digital IT services and solutions company headquartered in Bangalore, India. It was founded in 2011 by Ashok Soota, a co-founder of Mindtree, and has since grown to become a prominent player in the industry. The company offers a range of services and solutions, including\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\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-5-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143570","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\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=143570"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=143570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}