Happiest Minds Q3 Net Profit Dips 19.6% to Rs 40.3 Cr Amid New Labour Code Impact

• Happiest Minds Technologies reported a 19.56% decline in consolidated net profit to Rs 40.3 crore in Q3.
• The decline was primarily due to a one-time impact of Rs 22.03 crore from new Labour Code implementation.
• Revenue from operations increased by 10.69% to Rs 587.56 crore in Q3 FY26 compared to Q3 FY25.
• Sequentially, revenue rose 2.43%, but profit fell 25.39%.
• The company plans to invest in AI/GenAI and build a dedicated 1,000+ team by the end of FY27.