Earnings Presentation on the Financial Results of Q1 for FY''27

Happiest Minds Technologies Limited Regd. Office: #53/1-4, Hosur Main Road, Madivala, Bengaluru-560068, Karnataka, India CIN of the Co. L72900KA2011PLC057931 P: +91 80 6196 0300, F: +91 80 6196 0700 Website: www.happiestminds.com Email: investors@happiestminds.com July 27, 2026 Listing Compliance & Legal Regulatory Listing & Compliance BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai 400 001 Bandra East, Mumbai 400 051 Stock Code: 543227 & 975101 Stock Code: HAPPSTMNDS Dear Sir/Madam, Sub: Earnings Presentation on the financial results of Q1 for FY’27 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Earnings Presentation on the financial results of the Company for the quarter ended June 30, 2026, that will be circulated to the Investors/ Analysts for the Earnings Call scheduled on July 28, 2026, at 10:00 A.M. (IST). This is for your information and records. Thanking you, Yours faithfully, For Happiest Minds Technologies Limited Praveen Kumar Darshankar Company Secretary & Compliance Officer Membership No. F6706 Investor Presentation Q1 FY 27 Happiest Minds AI First customer-obsessed digital engineering and Mindful IT company 300+ Great Place To Work® Active Clients Top 100 India’sBest Workplaces 90+ in IT & IT-BPM for 2024 Fortune2000 / Forbes200 Top 100 India’s Best Workplaces Billion $ Corporations for Women 2024 Top 50 India’s Best Workplaces in 94.4% Repeat Business Health & Wellness 2024 Mission Statement 6,500+ Happiest People Top Employers Happiest Minds Happiest Customers Happiest Minds Recognized as Top across 16 Countries SMILES Values Employer India 2026 for Sharing, Mindful, Integrity, Learning, 27% Gender Diversity People-First Practices Excellence, Social Responsibility IPO - In September 2020 • Completed 15 years in March 2026 • ~700,000 shareholders Golden Peacock Corporate Governance Award 2022 Business Excellence Award 2021 Disclaimer: All logos are the property of their respective owners. 2 AI First. Agile Always. Built for the AI-Native Enterprise Proven at Scale AI-First by Design Multiple GenAI & Agentic AI use cases have GenAI and Agentic AI are core to how moved from early prototypes to live, we design, build, and deliver solutions. repeatable solutions for clients. Turning AI as a Responsible and Ready AI-Native Delivery Model Core Enterprise Responsible AI by default, with 75%+ Our AI Services Delivery Platform GenAI-enabled developers & testers enables human and AI to work together Capability and a talent base with 600 AI to deliver faster, better, and at lower cost. specialists Agentic AI Leadership Industry AI Innovation End-to-end Agentic AI capabilities spanning Building AI solutions and accelerators AI assistants, domain copilots, AI-native to improve business efficiency across platforms, ITSM, cybersecurity, and Business domains operations. ©Happiest Minds Confidential. 3 Our Business IoT Blockchain DevOps & Product & Digital Cloud Engineering Services Generative AI Business Services Software Defined BPM & Networking / NFV Agile and Secure Integration Infrastructure Services Big Data & Advanced Security Analytics Industry Groups (IG) BFSI EdTech Healthcare & Life Industrial, Manufacturing and Hi-Tech and Retail, CPG & ©Happiest Minds Confidential. Sciences Energy & Utilities Media & Entertainment Logistics 4 Confidential – www.happiestminds.com 4 Our Business PDES GBS IMSS Infrastructure Management and Security Services Product and Digital Engineering Services Generative AI Business Services Infrastructure ▪ Digital Foundry ▪ Generative AI Applications ▪ Cloud & DC Infrastructure ▪ Startup Technology ▪ Generative AI Custom Models ▪ Digital Workspaces Acceleration ▪ Full-Scale Generative AI Offerings ▪ Networks ▪ Platform Engineering ▪ Text Based LLM’s ▪ ITSM, ITOM Tools & Platforms ▪ Device Engineering ▪ (CoE) for Generative AI Security ▪ Quality Engineering ▪ Generative AI Security ▪ Cyber, Infrastructure & Data ▪ Consulting and Domain-led ▪ Generative AI Quality Testing Security Offerings ▪ Generative AI infrastructure ▪ Data Privacy, Governance, Risk management & support services & Compliance ▪ Identity & Access Management CoEs AI / Analytics Internet of Things Digital Process Automation Next-Gen Technologies ▪ Modern Data Warehouse, ▪ Connecting Manufacturing ▪ Digital Automation Consulting ▪ Blockchain & Web 3.0 AI & Data Science ▪ Connecting Supply Chain & for Applications / Infrastructure ▪ Metaverse & AR/VR ▪ Data Lakes Distribution ▪ Drones & Robotics ▪ Stream Analytics ▪ Connecting Product ▪ Connecting Services © Confidential – www.happiestminds.com 5 For a N. American wireless services provider For a N. American energy For a N. American wireless For a N. American solutions infrastructure company services provider provider Happiest Minds has been selected as the Happiest Minds is leveraging AI led ELLIPSE Happiest Minds is delivering Managed strategic Data & AI partner to take over platform to deliver Managed Infrastructure Infrastructure services production support across data platforms, data services pipelines, and the Power BI/reporting estate For a global technical consulting For an Australian Insurance For an Indian MNC CPG company company provider Happiest Minds is helping them transition to a more scalable, flexible, and experience-led commerce Happiest Minds is building their Salesforce Happiest Minds is building their AI-powered, platform, while also laying the foundation for based MVP platform-driven test automation platform broader digital ecosystem enhancements including Commerce, PIM, DAM, CMS, and UX For a Middle Eastern retailer Happiest Minds has secured a multi-year, multi- million-dollar Managed Security Services deal ©HappiestMindsConfidential. 6 Ashok Soota has been recognized in the AIM 100 Preeti Menon has been recognized among the AIM under the Specialist Forces category. Top 24 Women Enterprise AI Leaders in India. ©Happiest MindsConfidential. 7 EVEREST ISG ISG’s Digital Engineering Services (Midsize) 2026 US Region: • Product Challengerin Augmented Design and R&D Services & Integrated Platform and Application Top 50 Store Services Services. Providers 2026 List • Contender in Intelligent Operations and Connected Experiences Europe Region: • Product Challenger in Augmented Design and R&D Services, Intelligent Operations and Connected Experiences & Integrated Platform and Application Services. AVASANT AVASANT AVASANT AVASANT Disruptorsin Higher Challenger in High-Tech Challenger in Banking Challenger in Education Digital Services Digital Services 2026 Digital Services 2026​ Manufacturing Digital 2026 RadarView RadarView RadarView Services 2026 ©Happiest MindsConfidential. 8 Financial and Operational Performance Q1 FY 27 Results Q1 FY27 All amounts in ₹ Lakhs unless stated otherwise Particulars Q1 FY27 Q4 FY26 QoQ Q1 FY26 YoY Note: 1. Amortization/Unwinding interest are non- Revenues 62,851 60,408 4.0% 54,990 14.3% cash items related to acquisitions 2. Adjusted PAT is Adjusted for exceptional Other Income 2,369 1,761 3,003 items and amortization of intangibles Total Income 65,220 62,169 4.9% 57,993 12.5% Operating Margin 10,868 10,621 2.32% 9,722 11.8% % 17.5% 17.5% 17.6% EBITDA 14,129 12,120 16.6% 12,405 13.9% % 21.7% 19.5% 21.4% Finance Cost 2,846 2,167 2,387 Depreciation 1,208 1,102 1,183 Profit before Non Cash/Exceptional 9,020 7,703 17.1% 7,687 17.3% % 13.8% 12.4% 13.3% Amortization/Unwinding Interest1 1,055 1,150 1,148 Exceptional Item - New wage code cost (344) PBT 9,020 8,048 12.1% 7,687 17.3% % 13.8% 12.9% 13.3% Tax 2,260 1,931 1,974 % 3.5% 3.1% 3.4% PAT 6,760 6,117 10.5% 5,713 18.3% % 10.4% 9.8% 9.9% Adjusted PAT 2 8,052 7,135 12.9% 7,020 14.7% % 12.3% 11.5% 12.1% Adjusted EPS 5.34 4.74 4.56 10 www.happiestminds.com Revenues Agile % of Revenue 94.5% 94.5% 94.2% 93.7% 93.7% 93.4% 93.3% 91.6 [Showing first 8,000 characters — download PDF for full document]