Happiest Minds Technologies declines on reporting 13% fall in Q1 consolidated net profit
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Happiest Minds Technologies is currently trading at Rs. 754.70, down by 17.95 points or 2.32% from its previous closing of Rs. 772.65 on the BSE.
The scrip opened at Rs. 764.15 and has touched a high and low of Rs. 767.80 and Rs. 751.00 respectively. So far 157976 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 969.95 on 11-Sep-2023 and a 52 week low of Rs. 738.05 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 790.65 and Rs. 751.00 respectively. The current market cap of the company is Rs. 11493.70 crore.
The promoters holding in the company stood at 44.22%, while Institutions and Non-Institutions held 8.15% and 47.62% respectively.
Happiest Minds Technologies has reported 23.68% fall in net profit at Rs 43.84 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 57.44 crore for the same quarter in the previous year. However, total income of the company increased by 7.43% at Rs 398.55 crore for Q1FY25 as compared to Rs 370.98 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 12.52% fall in its net profit at Rs 51.03 crore for the quarter ended June 30, 2024 as compared to Rs 58.33 crore for the same quarter in the previous year. However, total income of the company increased by 20.95% at Rs 489.26 crore for Q1FY25 as compared to Rs 404.53 crore for the corresponding quarter previous year.
