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Happiest Minds Technologies Q1 FY22 Conference Call Highlights | Invest Yadnya

Happiest Minds Technologies Q1 FY22 Conference Call Highlights

Published on 29 July 2021 Views 51 Comments 0

Financials: Happiest Minds Share

Financial highlights for the Quarter ended June 30, 2021

• Operating Revenues in US$ terms stood at $33.2 million (growth of 9.6% q-o-q ; 41.4% y-o-y)

• Total Income of ₹ 25,387 lakhs (growth of 13.5% q-o-q ; 35.8% y-o-y)

• EBITDA of ₹ 6,615 lakhs, 26.1% of Total Income (growth of 12.4 % q-o-q ; 38.3% y-o-y)

• PAT of ₹ 3,573 lakhs (decline of 0.9 % q-o-q; 28.8% y-o-y)

• Free cash flows of ₹ 6,569 lakhs for the quarter,

• EPS (diluted) for the quarter of ₹ 2.45 (decline 1.2% q-o-q; 34.1% y-o-y )

• RoCE & RoE (quarterly annualized) of 30.7% and 24.7%

Clients: Happiest Minds Technologies

• 180 as of June 30, 2021

• 18 additions in the quarter

Head Count: Happiest Minds Multibagger

• 3,538 Happiest Minds as of June 30, 2021 (net addition for the quarter 310)

• Trailing 12 months attrition of 14.7%

• Utilization of 82.1%, from 82.6% in Q4 FY21

Other Highlights: Happiest Minds Q1 Results 2021

  • A 10-year vision document will be provided in the next quarter by the company

  • The company expects to grow at 20% on a long-term basis

  • Net headcount addition this quarter- 310

  • The PAT has been affected this quarter because of an exceptional item related to warrant liability.

  • Revenue per customer- 0.75 million USD and it has been growing steadily over the quarters.

  • The company has added 7 to 8 specialist account managers to gain contracts this quarter.

Awards:  Happiest Minds Technologies Multibagger

  • Winner of “Golden Peacock Business Excellence Award” for the year 2021

  • Happiest Minds is among India’s Top 25 Best Companies to Work for in 2021 by Great Place to Work®

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