Happiest Minds March qtr net up 580%, firm offers double-digit pay hikes

Revenue up 18% to Rs 186 cr; profit was lower sequentially

IT firm Happiest Minds Technologies on Thursday reported consolidated net profit at Rs 36.05 crore in the March 2021 quarter, a rise of 580.2 per cent from the same period last year. Its revenue was at Rs 220.71 crore in the quarter under review, up 18.4 per cent from Rs 186.35 crore in the year-ago period.

The firm said it sees a strong year of growth ahead, focusing on delivering the 20 per cent organic growth it indicated at the time of its initial public offering last year. It is also bullish on the opportunities in the educational technology (EduTech), retail