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	Standalone
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
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-05-12
Indicate Company website link for updated RPT policy of the Company	https://www.happiestminds.com/investors/policy-documents/Policy%20on%20Related%20Party%20Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

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	Standalone	Standalone
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	3610900000	14813700000
	Other income	929900000	1675700000
	Total income	4540800000	16489400000
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	2548300000	10179400000
(e)	Finance costs	245500000	916800000
(f)	Depreciation, depletion and amortisation expense	92400000	371900000
(f)	Other Expenses
1	Subcontractor charges	265600000	964500000
2	Software license cost	188100000	541500000
3	Travelling and conveyance	69700000	339200000
4	Advertising and business promotion expenses	17800000	62100000
5	Legal and professional fees	22800000	172100000
6	Recruitment charges	21200000	59200000
7	Rent expenses	14000000	48200000
8	Repairs and maintenance	5900000	73600000
9	Corporate social responsibility expenditure	15700000	57400000
10	Others	180100000	336400000
	Total other expenses	800900000	2654200000
	Total expenses	3687100000	14122300000
3	Total profit before exceptional items and tax	853700000	2367100000
4	Exceptional items	-234400000	-234400000
5	Total profit before tax	619300000	2132700000
6	Tax expense
7	Current tax	47200000	477000000
8	Deferred tax	-5500000	-29900000
9	Total tax expenses	41700000	447100000
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	577600000	1685600000
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	577600000	1685600000
17	Other comprehensive income net of taxes	52600000	-59100000
18	Total Comprehensive Income for the period	630200000	1626500000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
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		6162800000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.74	11.2
	Diluted earnings (loss) per share from continuing operations	5.74	11.2
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	5.74	11.2
	Diluted earnings (loss) per share from continuing and discontinued operations	5.74	11.2
24	Debt equity ratio	0.0076	0.0076
25	Debt service coverage ratio	0.0731	0.0325
26	Interest service coverage ratio	0.0464	0.0371
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		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	1961100000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	61100000
	Other intangible assets	35900000
	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	9244600000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	838600000
	Total non-current financial assets	10083200000
	Deferred tax assets (net)	213300000
	Other non-current assets	360900000
	Total non-current assets	12717300000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	3503900000
	Trade receivables, current	2642500000
	Cash and cash equivalents	451100000
	Bank balance other than cash and cash equivalents	9303000000
	Loans, current	200000
	Other current financial assets	1557600000
	Total current financial assets	17458300000
	Current tax assets (net)	0
	Other current assets	367900000
	Total current assets	17826200000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	30543500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	300100000
	Other equity	15220800000
	Total equity attributable to owners of parent	15520900000
	Non controlling interest
	Total equity	15520900000
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	505200000
	Total non-current financial liabilities	3858900000
	Provisions, non-current	404400000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	4263300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	7675000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	18400000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	847400000
	Total Trade payable	865800000
	Other current financial liabilities	1720000000
	Total current financial liabilities	10260800000
	Other current liabilities	225900000
	Provisions, current	272600000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	10759300000
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	15022600000
	Total equity and liabilites	30543500000
	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		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	IMSS	0	0
2	PDES	0	0
3	GBS	0	0
	Total Segment Revenue	0	0
	Less: Inter segment revenue	0	0
	Revenue from operations	0	0
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	IMSS	0	0
2	PDES	0	0
3	GBS	0	0
	Total Profit before tax	0	0
	i. Finance cost	0	0
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	0	0
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	IMSS	0	0
2	PDES	0	0
3	GBS	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	IMSS	0	0
2	PDES	0	0
3	GBS	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	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	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Net movement on effective portion of cash flow hedges [gains/ (losses)]	83600000	-31500000
	Total Amount of items that will not be reclassified to profit and loss	83600000	-31500000
2	Income tax relating to items that will not be reclassified to profit or loss	21100000	-7900000
3	Amount of items that will be reclassified to profit and loss
1	Re-measurement gains/ (losses) on defined benefit plans	-13200000	-47400000
	Total Amount of items that will be reclassified to profit and loss	-13200000	-47400000
4	Income tax relating to items that will be reclassified to profit or loss	-3300000	-11900000
5	Total Other comprehensive income	52600000	-59100000

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			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2132700000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			916800000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-461500000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			75900000
	Adjustments for decrease (increase) in other non-current assets			-4900000
	Adjustments for other financial assets, non-current			-468600000
	Adjustments for other financial assets, current			272400000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			176900000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-41200000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			371900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			152400000
	Adjustments for provisions, current			16200000
	Adjustments for provisions, non-current			105600000
	Adjustments for other financial liabilities, current			-57100000
	Adjustments for other financial liabilities, non-current			21200000
	Adjustments for unrealised foreign exchange losses gains			10400000
	Adjustments for dividend income			685000000
	Adjustments for interest income			875600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-124000000
	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)			233800000
	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)			-364400000
	Net cash flows from (used in) operations			1768300000
	Dividends received			0
	Interest paid			696900000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1071400000
	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			0
	Purchase of property, plant and equipment			54600000
	Proceeds from sales of investment property			600000
	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			685000000
	Interest received			869300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-7596800000
	Net cash flows from (used in) investing activities	-6131600000
	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			18200000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			7150500000
	Repayments of borrowings			96900000
	Payments of lease liabilities			347900000
	Dividends paid			858800000
	Interest paid			809200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-555100000
	Net cash flows from (used in) financing activities			4500800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-559400000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-200000
	Net increase (decrease) in cash and cash equivalents			-559600000
	Cash and cash equivalents cash flow statement at beginning of period			1010900000
	Cash and cash equivalents cash flow statement at end of period			451300000

Signatory Details
Name of signatory	Praveen Kumar Darshankar
Designation of person	Company Secretary and Compliance Officer
Place	Bengaluru
Date	12-May-2025