Happiest Minds Q3FY25 results: PAT down 16% on higher finance costs

Happiest Minds Technologies, a mid-tier IT services firm, reported a 16 per cent year-on-year (Y-o-Y) drop in its profit after tax (PAT) for the third quarter of the current financial year (FY25) at Rs 50 crore due to higher finance costs.

However, the revenue for the quarter grew 27.5 per cent to Rs 553 crore compared with the year-ago period.

“During the quarter, we witnessed healthy demand from BFSI, healthcare, CPG, and manufacturing,” said Joseph Anantharaju, executive vice chairman and CEO of Product and Digital Engineering Services (PDES).