Happiest Minds Technologies Ltd (NSE: HAPPSTMNDS) Share Price: Following the company’s first-quarter earnings and the company’s management, Happiest Mind was in a private chat with a source.
For the quarter ending on June 30th, 2024 the company’s revenue has increased by 11 percent, and EBITDA by around 2.5 percent.
However, there was an increase from 41 percent profit. The pressure has also been on the margins.
In this time the company’s revenue has grown from Rs 417 crore to Rs 464 crore each quarter, and profits have decreased from a total of Rs 72 crore to just Rs 51 crore.
At the same time, EBITDA has grown from Rs 85 crore to Rs 83 crore. And MARGIN has decreased by 19.9 percent up to 18.3 percent.
Income is supported by the acquisitions from PureSoft & Aureus.
Happiest Mind MD and CFO Venkataraman Narayanan as well as executive board member Rajiv Shah joined a source today to discuss the performance and growth prospects.
Venkataraman Narayanan stated during the conversation that the situation in the world isn’t improving as of yet. The situation is expected to improve by the end of the second quarter.
It is believed that the PureSoft & Aureus acquisition has helped the company’s earnings during the initial quarter. The company is expected to see a better growth rate in FY 2025.
The effect of the acquisition can be evident in the results after 2-3 quarters. The company has bought PureSoftware along with Macmillan.
Despite the acquisitions, EBITDA growth has been positive. Margins are expected to rise by 20 percent to 22 percent percent by FY 2025.
Rajiv Shah said that uncertainty persists in the global micro-segment. The primary focus of the company is on the creation of generative AI, in addition to acquisitions.
2 acquisitions have been completed in the recent quarter. The emphasis on safety and the engineering of products has been increased.
The generational AI segment has performed as estimated. The acquisition will boost the hold on healthcare. This hold is bolstered in the education and financial sectors.
Rajiv Shah further said that in the first quarter of 2018, growth in the manufacturing sector, travel media, and manufacturing has been slow.
It will take some time to see growth in the industrial sector. The majority of the company is still located in the US.
The company’s growth is anticipated to keep growing throughout Asia as well as Africa. A further recovery is anticipated because of the decline in the rate of inflation in Europe.
How Was The Stock Movement?
When we take a look at the price movement in the Happiest Mind’s share at present the stock is trading at 755 rupees with a decrease in the range of 16.85 percent to 2 percent.
The high for the day of the stock is Rs 767 and the lowest is Rs 751. The volume of trading for this stock stands at 9,84,794 shares, and the market cap is Rs 11,498 crore.
The stock has dropped 2.87 percent in a week. However it has declined by 9.09 percent over a month, and 16.58 percent in a year.
In the same way, it has declined by 45.88 percent over three years.
Happiest Minds Technologies Ltd Stock Performance
| Current Price | ₹ 755 |
| 52-wk High | ₹ 970 |
| 52-wk Low | ₹ 738 |
| 5 Days Return | -3.34% |
| 1 Month Return | -8.58% |
Key Fundamentals Parameters
| Market Cap | ₹ 11,491 Cr. |
| Stock P/E | 49.7 |
| Book Value | ₹ 96.8 |
| Dividend | 0.76 % |
| ROCE | 21.8 % |
| ROE | 21.3 % |
| Face Value | ₹ 2.00 |
| P/B Value | 7.80 |
| OPM | 18.0 % |
| EPS | ₹ 15.2 |
| Debt | ₹ 512 Cr. |
| Debt to Equity | 0.35 |
Happiest Minds Technologies Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 698 Cr |
| 2021 | ₹ 761 Cr |
| 2022 | ₹ 1,034 Cr |
| 2023 | ₹ 1,333 Cr |
| 2024 | ₹ 1,488 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 73 Cr |
| 2021 | ₹ 162 Cr |
| 2022 | ₹ 186 Cr |
| 2023 | ₹ 216 Cr |
| 2024 | ₹ 232 Cr |
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
