🔷 Happiest Minds Adds 30 New Clients in H1FY26; Maintains Double-Digit Growth Outlook, Revises Margin Estimates

Happiest Minds Technologies (HAPPSTMN) continued its transformational journey, adding 30 new clients in H1FY26, representing an incremental revenue potential of USD 50–60 million over the next 3–4 years. Buoyed by strong traction in its Gen AI Business Unit (GBS) and a healthy Net New (NN) pipeline, the company extended its earlier double-digit growth commitment from three consecutive years to four years. However, management noted that strategic investments in transformational initiatives could keep the EBITDA margin at the lower end of the guided 20–22% range (including other income) in the near term. 📈 Outlook & Valuation Analysts have revised down margin estimates but continue to expect solid growth ahead. Revenue, EBIT, and PAT are projected to grow at a CAGR of 14.3% / 21.8% / 25.9%, respectively, over FY25–FY28E. The brokerage maintains a BUY rating with a revised target price of ₹670 (earlier ₹730), valuing the stock at 30x FY27E–FY28E average EPS of ₹22.3. 📊 #HappiestMinds #HAPPSTMN #Q2Results #EarningsUpdate #ITStocks #GenAI #DigitalTransformation #IndianIT #StockMarket #NSE #BSE #EarningsOutlook #BuyRating