During the corresponding period last year, the company reported a net profit of Rs 21.38 crore on revenues of Rs. 175.57 crore.
“We have a strong deal pipeline on the back of increasing market demand,” said Joseph Anantharaju, executive vice-chairman and chief executive officer, Product Engineering Services, Happiest Minds.
The company reported an operating margin (EBITDA) of 29.7% during the period. In US dollar terms, Happiest Minds reported revenue of $26.2 million, up by 8.8% year on year.
Venkatraman Narayanan, managing director and chief financial officer, Happiest Minds, said: “We continue to maintain and improve on key capital return ratios which are key to increasing our shareholder and stakeholder value.”
The company reported a free cash flow of Rs 59.20 crore for the third quarter.