(20 second reading) Happiest Minds Technologies’ acquisitions of Pure Software and Macmillan Learning India will reduce the company’s operating margins to a range of 20-22% in FY25 from 24.6% reported in FY24.
The company posted an EBITDA margin of 19.9% for Q4FY24, a slight increase from 19.7% in Q3FY24. Revenue for the January-March period was Rs 417 crore, marking a sequential increase of 1.8%, while the net profit surged by 25% to nearly Rs 72 crore.
The attrition rate fell to 13% on a trailing 12-month basis in the Jan-March quarter, down from 14.1% in Q3FY24. This improvement aligns with broader industry trends, indicating a stabilising workforce environment.