Happiest Minds Technology continues to grow and gain momentum

Happiest Minds Technology Ltd. announced its quarterly results of December 2020 and a net quarterly profit of the company is at Rs. 42.15 crore in December 2020 up 95.96% compared to Rs 21.51 crore for the third quarter of the last financial year 2019.

Happiest Minds Technologies is a digital transformation, infrastructure, security, and product engineering service company. It has it headquarter in Bengaluru, India. The company launched its IPO in September 2020, and it was a grand debut on the stock market with 111 per cent of a premium over the issue price.

During the same quarter for the last financial year 2019, the company reported a net profit of Rs.21.51 crore on revenues of Rs.175.57 crore. Companies Net Sales are up to 12% at Rs.192.84 Crore in December 2020 as compared to 170 crores in December 2019.

The company reported 29.7 % of EBITDA margin (earnings before non-operating factors) during the same period. Its revenue grows to 6.0% with $26.2 million as per the company’s quarterly financial results declared.

The MD and CEO company, Mr Venkatraman Narayan on quarterly results:” We continue to maintain and improve on crucial capital return ratios which are essential for enhancing shareholders value.” To its BSE filings dated 29the Jan2021, the company acquired US-based Pimcore Services, to strengthen its digital commerce presence.