Integrated Filing — IndAS

General information about company
Scrip Code	543227
NSE Symbol	HAPPSTMNDS
MSEI Symbol	NOTLISTED
ISIN	INE419U01012
Name of company	HAPPIEST MINDS TECHNOLOGIES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	12-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	01-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	12-May-2025   21:10:00
End date and time of board meeting	12-May-2025   21:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	5445700000	20608400000
	Other income	259500000	1013800000
	Total income	5705200000	21622200000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	3591600000	13653400000
(e)	Finance costs	247400000	994800000
(f)	Depreciation, depletion and amortisation expense	225500000	887000000
(f)	Other Expenses
1	Subcontractor charges	393000000	1382600000
2	Software license cost	201600000	609200000
3	Legal and professional fees	45700000	235800000
4	Recruitment charges	26200000	76300000
5	Power and fuel	10900000	51400000
6	Travelling and conveyance	84500000	395600000
7	Repairs and maintenance	7200000	78900000
8	Communication costs	7400000	27800000
9	Advertising and business promotion expenses	26000000	101800000
10	Others	212800000	451400000
	Total other expenses	1015300000	3410800000
	Total expenses	5079800000	18946000000
3	Total profit before exceptional items and tax	625400000	2676200000
4	Exceptional items	-121600000	-121600000
5	Total profit before tax	503800000	2554600000
6	Tax expense
7	Current tax	194000000	844300000
8	Deferred tax	-30200000	-136300000
9	Total tax expenses	163800000	708000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	340000000	1846600000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	340000000	1846600000
17	Other comprehensive income net of taxes	45300000	-60900000
18	Total Comprehensive Income for the period	385300000	1785700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	340000000	1846600000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	385300000	1785700000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	300100000	300100000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		6387400000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.26	12.26
	Diluted earnings (loss) per share from continuing operations	2.26	12.26
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	2.26	12.26
	Diluted earnings (loss) per share from continuing and discontinued operations	2.26	12.26
24	Debt equity ratio	0.0079	0.0079
25	Debt service coverage ratio	0.0581	0.0631
26	Interest service coverage ratio	0.0363	0.0394
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2105400000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	7623000000
	Other intangible assets	2383100000
	Intangible assets under development	1800000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	735800000
	Total non-current financial assets	735800000
	Deferred tax assets (net)	361300000
	Other non-current assets	370700000
	Total non-current assets	13581100000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	3503900000
	Trade receivables, current	3581300000
	Cash and cash equivalents	1191200000
	Bank balance other than cash and cash equivalents	9391100000
	Loans, current	1200000
	Other current financial assets	1772600000
	Total current financial assets	19441300000
	Current tax assets (net)	0
	Other current assets	568200000
	Total current assets	20009500000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	33590600000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	300100000
	Other equity	15445600000
	Total equity attributable to owners of parent	15745700000
	Non controlling interest	0
	Total equity	15745700000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3353700000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1334000000
	Total non-current financial liabilities	4687700000
	Provisions, non-current	594000000
	Deferred tax liabilities (net)	484100000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	5765800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	8255400000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	22500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1025600000
	Total Trade payable	1048100000
	Other current financial liabilities	1997800000
	Total current financial liabilities	11301300000
	Other current liabilities	425900000
	Provisions, current	351900000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	12079100000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	17844900000
	Total equity and liabilites	33590600000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	IMSS	891900000	3283200000
2	PDES	4435600000	16969000000
3	GBS	118200000	356200000
	Total Segment Revenue	5445700000	20608400000
	Less: Inter segment revenue	0	0
	Revenue from operations	5445700000	20608400000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	IMSS	200400000	917600000
2	PDES	883500000	3974600000
3	GBS	-25300000	-133900000
	Total Profit before tax	1058600000	4758300000
	i. Finance cost	147200000	147200000
	ii. Other Unallocable Expenditure net off Unallocable income	407600000	407600000
	Profit before tax	503800000	2554600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	IMSS	1063900000	1063900000
2	PDES	15203500000	15203500000
3	GBS	24800000	24800000
	Total Segment Asset	16292200000	16292200000
	Un-allocable Assets	17289400000	17289400000
	Net Segment Asset	33581600000	33581600000
4	Segment Liabilities
	Segment Liabilities
1	IMSS	264800000	264800000
2	PDES	9657000000	9657000000
3	GBS	300000	300000
	Total Segment Liabilities	9922100000	9922100000
	Un-allocable Liabilities	7922700000	7922700000
	Net Segment Liabilities	17844800000	17844800000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Exchange differences on translating the financial statements of a foreign operation	-8500000	43000000
2	Net movement on effective portion of cash flow hedges	89600000	-29200000
	Total Amount of items that will not be reclassified to profit and loss	81100000	13800000
2	Income tax relating to items that will not be reclassified to profit or loss	22600000	-7300000
3	Amount of items that will be reclassified to profit and loss
1	Net loss on equity instruments carried at fair value through OCI	0	-51400000
2	Re-measurement losses on defined benefit plans	-17600000	-55300000
	Total Amount of items that will be reclassified to profit and loss	-17600000	-106700000
4	Income tax relating to items that will be reclassified to profit or loss	-4400000	-24700000
5	Total Other comprehensive income	45300000	-60900000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2554600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			994800000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-211400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-9200000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-268600000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			93700000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			36900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			887000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			159000000
	Adjustments for provisions, current			-257900000
	Adjustments for provisions, non-current			260200000
	Adjustments for other financial liabilities, current			36900000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-10200000
	Adjustments for dividend income			0
	Adjustments for interest income			897600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-125900000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			121600000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			809300000
	Net cash flows from (used in) operations			3363900000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			999700000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2364200000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1900000
	Purchase of property, plant and equipment			76600000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			35100000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-7511800000
	Net cash flows from (used in) investing activities	-7621600000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			4994600000
	Net cash flows from (used in) financing activities			4994600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-262800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			1900000
	Net increase (decrease) in cash and cash equivalents			-260900000
	Cash and cash equivalents cash flow statement at beginning of period			1452100000
	Cash and cash equivalents cash flow statement at end of period			1191200000