Happiest Minds Technologies Limited (NSE: HAPPSTMNDS)

HAPPSTMNDS Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	18,292	16,247	14,293	10,937	7,734	6,982
Revenue Growth (YoY)	18.60%	13.67%	30.69%	41.41%	10.77%	18.27%
Cost of Revenue	11,834	10,236	8,128	6,238	4,558	4,475
Gross Profit	6,458	6,011	6,165	4,699	3,177	2,508
Selling, General & Admin	142.2	142.2	100.4	56.6	26.7	56.3
Other Operating Expenses	2,744	2,510	2,476	2,066	1,240	1,480
Operating Expenses	3,633	3,235	2,996	2,451	1,494	1,739
Operating Income	2,825	2,776	3,170	2,248	1,683	768.7
Interest Expense	-668.2	-402.2	-210.2	-83	-62.1	-75
Interest & Investment Income	795.8	795.8	261	63.6	83.8	46.6
Currency Exchange Gain (Loss)	45.9	45.9	-143.3	78.6	7.9	51.8
Other Non Operating Income (Expenses)	10.2	10.2	6	1	5.6	-1
EBT Excluding Unusual Items	3,009	3,225	3,083	2,308	1,718	791.1
Impairment of Goodwill	-	-	-	-	-	-112.6
Gain (Loss) on Sale of Investments	1.8	1.8	80.3	174.5	85.5	57.6
Gain (Loss) on Sale of Assets	-0.1	-0.1	-0.1	1	8.2	-
Legal Settlements	-	-	-	-	21.2	-
Other Unusual Items	119.7	119.7	-64.7	-45.1	27.4	-
Pretax Income	3,130	3,347	3,099	2,459	1,860	736.1
Income Tax Expense	808.6	862.9	788.7	646.5	235.6	19
Net Income	2,322	2,484	2,310	1,812	1,625	717.1
Net Income to Common	2,322	2,484	2,310	1,812	1,625	717.1
Net Income Growth	0.05%	7.53%	27.48%	11.54%	126.55%	404.64%
Shares Outstanding (Basic)	150	148	143	141	138	102
Shares Outstanding (Diluted)	150	148	144	144	142	134
Shares Change (YoY)	3.30%	2.92%	-0.10%	1.78%	6.13%	8.72%
EPS (Basic)	15.44	16.73	16.13	12.84	11.75	7.04
EPS (Diluted)	15.44	16.73	16.01	12.55	11.45	5.36
EPS Growth	-3.13%	4.50%	27.57%	9.61%	113.62%	362.07%
Free Cash Flow	2,452	2,043	761.1	1,675	1,424	1,118
Free Cash Flow Per Share	16.30	13.76	5.28	11.60	10.04	8.36
Dividend Per Share	3.250	5.750	5.400	3.750	3.000	-
Dividend Growth	-44.92%	6.48%	44.00%	25.00%	-	-
Gross Margin	35.30%	37.00%	43.14%	42.96%	41.07%	35.91%
Operating Margin	15.44%	17.08%	22.18%	20.55%	21.76%	11.01%
Profit Margin	12.69%	15.29%	16.16%	16.57%	21.01%	10.27%
Free Cash Flow Margin	13.40%	12.58%	5.33%	15.31%	18.41%	16.01%
EBITDA	3,246	3,033	3,298	2,333	1,711	796.5
EBITDA Margin	17.75%	18.67%	23.07%	21.33%	22.12%	11.41%
D&A For EBITDA	421.4	257.7	128.5	84.7	28.2	27.8
EBIT	2,825	2,776	3,170	2,248	1,683	768.7
EBIT Margin	15.44%	17.08%	22.18%	20.55%	21.76%	11.01%
Effective Tax Rate	25.83%	25.78%	25.45%	26.30%	12.67%	2.58%
Revenue as Reported	19,146	17,100	14,504	11,308	7,977	7,142
Advertising Expenses	-	87.3	65.5	28.2	10.1	26.3

Source: S&P Capital IQ. Standard template. Financial Sources.