India's Happiest Minds Technologies falls on quarterly profit drop

Happiest Minds Technologies

13/05/2025 09:17

** Shares of Happiest Minds Technologies HAPP.NS down 2.7% 593.5 rupees

** IT consultancy and services firm posts 53% drop in Q4 consolidated profit to 340 million rupees  ($3.99 million)

** Expenses jump 41%, driven by a 37% rise in employee-related costs

** Stock extends YTD losses to 20%

($1 = 85.2100 Indian rupees)

(Reporting by Nishit Navin)

((nishit.navin@thomsonreuters.com;))