{"id":991272,"date":"2026-02-11T08:22:09","date_gmt":"2026-02-11T02:52:09","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=991272"},"modified":"2026-02-11T08:27:38","modified_gmt":"2026-02-11T02:57:38","slug":"happiest-minds-profit-down-20-on-labour-code-hit","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/11\/happiest-minds-profit-down-20-on-labour-code-hit\/","title":{"rendered":"Happiest Minds profit down 20% on Labour Code hit"},"content":{"rendered":"<p>Happiest Minds Technologies on Tuesday reported a net profit of Rs 40.3 crore for the third quarter, 19.56% lower than the Rs 50-crore profit it posted a year ago. The drop came mainly due to a one-time charge of Rs 22.03 crore from the new Labour Codes. The IT company\u2019s revenue increased by 10.69% at Rs 588 crore from Rs 530 crore reported in the same quarter last year. <\/p>\n<p>On a quarterly basis, the revenue grew by 2.4% and the net profit fell by 25.4% from Rs 54 crore. The earnings before interest and taxes (Ebit) was up by 11.2% at Rs 85 crore compared with Rs 76.5 crore q-o-q.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happiest Minds Technologies on Tuesday reported a net profit of Rs 40.3 crore for the third quarter, 19.56% lower than the Rs 50-crore profit it posted a year ago. The drop came mainly due to a one-time charge of Rs 22.03 crore from the new Labour Codes. The IT company\u2019s revenue increased by 10.69% at Rs 588 crore from Rs 530 crore reported in the same quarter last year. On a quarterly basis, the revenue grew by 2.4% and the net profit fell by 25.4% from Rs 54 crore. The earnings before interest and taxes (Ebit) was up by 11.2% [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-991272","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/991272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=991272"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/991272\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=991272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=991272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=991272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}