Happiest Minds Q3 profit dips 16%, revenue up 27%

Happiest Minds Technologies reported a 16% year-on-year (YoY) drop in net profit for the third quarter ending December 2024 at Rs 50.1 crore impacted by investment outlay. The profit stood at Rs 59.6 crore in the third quarter a year ago.Revenue during the quarter rose 27% from a year ago to Rs 627.2 crore, from 493.7 crore in Q3FY24. Sequentially, both the profit and revenue rose slightly by 1.2% from Rs 49.5 crore and 0.5% from Rs 623.8 crore, respectively.

“There is a margin expansion, so profitability in terms of percentage to your top line,…