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In dollar terms, the revenue was higher by 1.0% while in constant currency terms, it rose by 1.2% sequentially.
Operating margin improved by 3.6% to Rs 100.87 crore in Q3 FY26 from Rs 97.33 crore in Q2 FY26. Operating margin as percent of sales for Q3 FY26 was 17.4% as against 17.0% in Q2 FY26.
Profit before tax in Q3 FY26 stood at Rs 54.21 crore, down by 25.4% from Rs 72.66 crore in Q2 FY26.
The company added 11 clients during the quarter, taking to total count to 297 as on 31 December 2025.
At the end of the December 2025 quarter, employee headcount stood at 6,548 and trailing 12-month attrition rate was 17.4%.
Ashok Soota, chairman & chief mentor, said: “With AI First. Agile Always., we have launched AI First as our 11th strategic transformation, supported by 11 strategic programs that together define how Happiest Minds will build, deliver, and scale value in an AI-driven world.
We have already made considerable progress across several of these programs, and we expect this momentum to accelerate the growth of Happiest Minds. This is clearly visible in how AI is being operationalized across our company and for our clients.
I would also like to take cognisance of a recent AI-related announcement that has created some turbulence in global markets for software companies. I want to assert that this development represents an opportunity, not a threat, for Happiest Minds and, we believe, for other IT services companies as well.”
Happiest Minds Technologies and IT Solutions Company enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights.
The scrip rose 0.51% to currently trade at Rs 397.75 on the BSE.
Happiest Minds Technologies announced a strategic partnership with IBSFINtech, a leading provider of Treasury and Trade Finance Management solutions. Through this collaboration, Happiest Minds will act as a reseller of IBSFINtech's award-winning platform and serve as the System Integration (SI) partner for implementation and ongoing support.
This partnership brings together Happiest Minds' deep expertise in AI, cloud, analytics, and enterprise integration with IBSFINtech's advanced, scalable platform built to streamline treasury operations, risk management, and trade finance for global enterprises.
Happiest Minds Technologies has been recognized as the Runner-up for Excellence in People Analytics at the SHRM Excellence Awards 2025. The recognition reflects the company's continued commitment to building a future-ready workplace shaped by data intelligence, transparency, and progressive people practices.
The SHRM Excellence Awards celebrate organizations that show strong capability, innovation, and impact across the people function. This acknowledgment shows that Happiest Minds' People Practice continues to advance with discipline, clarity, and measurable outcomes. A major contributor to this achievement is the People One Dashboard, a real-time intelligence platform. Built to bring together insights across the employee journey, the dashboard gives leaders practical visibility that helps them plan better, respond faster, and stay aligned with long-term people and business goals.
Avtar and Seramount evaluate organizations that demonstrate sustained impact through inclusive practices and measurable progress toward equity. Happiest Minds obtained both distinctions from a competitive field across industries, reflecting the organization's ongoing investment in strengthening representation, building inclusive leadership, and championing a culture where every individual's voice carries weight and value.
Happiest Minds Technologies announced the launch of ELAIRA, an intelligent digital co-worker designed to transform enterprise support operations. ELAIRA, which stands for Empowered & Logical Agentic AI-assistance with Retrieval Augmentation, is fully integrated with ELLIPSE 2.0, the company's proactive operations intelligence platform. It is engineered to deliver faster resolutions, elevate user experience, strengthen compliance, and support long-term cost optimization across enterprise RUN environments.
ELAIRA brings conversational self-service to Microsoft Teams with multilingual capability and uses advanced Agent Assist features to help L1 and L2 teams accelerate resolutions with greater accuracy. Its agentic RAG framework provides validated, citation-backed responses while orchestrating complex multi-step workflows leveraging Agentic AI. Designed specifically for regulated environments, ELAIRA adheres to pharma-grade standards including GxP, 21 CFR Part 11, EU Annex 11, and ALCOA+. Leaders gain real-time visibility into SLA performance, compliance posture, and value metrics through a unified dashboard experience.
The platform delivers measurable benefits, including up to 40% Tier-1 ticket deflection, a 50% reduction in average handling time for L1 and L2 teams, a 20% improvement in First Contact Resolution, and a significant reduction in repeat incidents. These improvements collectively contribute to large-scale TCO savings over a three-year period.
Happiest Minds' IAR 2025 was recognized for its engaging storytelling, creative visual design, and seamless integration of business and ESG insights. Out of about 1,500 entries worldwide, the report scored an impressive 98 points out of 100, while earning full points for First Impression, Overall Narrative, Visual Design, Creativity, Clarity, and Relevance.