Icon times
Good quarterly top line and bottom line performance aided by an increase in margins | Happiest Mind Q3 FY22 Conference Call

Good quarterly top line and bottom line performance aided by an increase in margins | Happiest Mind Q3 FY22 Conference Call

Published on 02 February 2022 .Views 11 .Comments 0
Share On
  • Operating Revenues in US$ terms stood at $37.8 million (growth of 5.5% q-o-q; 44.2% y-o-y)
  • Total Income of ₹ 292.2 Cr (growth of 6.6% q-o-q; 45.2% y-o-y)
  • EBITDA of ₹ 76.31 Cr, 26.1% of Total Income (growth of 8.8% q-o-q; 27.8% y-o-y)
  • PAT of ₹ 48.9 Cr (growth of 10.1% q-o-q; 16.1% y-o-y)
  • Free cash flows of ₹ 75.85 Cr.
  • Geography wise revenue: (66.6%) USA, (14.6%) India, (9.8%) Europe, (9%) Rest of the World.
  • Subcontracting cost as a percentage of sales is 12% in this quarter as compared to 13.1% in Q2FY22 and 9.6% in Q3FY21. Management thinks that this cost has peaked out.
  • Clients: 195 as of December 31, 2021. 11 additions in the quarter.
  • Employees: 4,021 Happiest Minds as of December 31, 2021 (net addition for the quarter 225, nine-months 793). Trailing 12 months attrition of 21.1%, Utilization of 81.0%, from 79.7% in last quarter. Added 500 freshers in the 9-month period (from Mar21- Dec-21).
  • Digital forms 96% of the revenues as compared to 96.7% in Q2FY22.
  • Client concentration: Top 1 contributes (13%) and Top 5 (30.6%) of the total revenue.

Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell stocks or MF.

Originally Published On: https://blog.investyadnya.in/happiest-mind-q3fy22-conference-call-highlights/
Attachments:
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs. 9,999.00/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

Recently Uploaded

premium Premium
free Free
Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya