HAPPSTMNDS Q2 2026 03:30 UTC Earnings Presentation

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Investor PresentationQ2 FY26

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IPO -In September 2020•Completed 14 years in March 2025•~700,000 shareholders Digital Agile 86Fortune2000 / Forbes200Billion $ Corporations Active Clients93% Repeat BusinessMission Statement SMILES Values Sharing, Mindful, Integrity, Learning,Excellence, Social Responsibility Disclaimer: All logos are the property of their respective owners. across 13Countries Happiest Minds27.1% Gender Diversity Great Place To Work® India’s Best Workplaces in IT & IT-BPM for 2024 India’s Best Workplaces for Women 2024 India’s Best Workplaces in Health & Wellness 2024 Golden Peacock Corporate Governance Award 2022Business Excellence Award 2021 2

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3 ©Happiest Minds Confidential. Driven by our Mission.Happiest People.Happiest Customers.Inspired by our Vision -DELiGHT Design for Perpetuity ESG Excellence Thought Leadership Profitable Growth Ambassador for Happiness World Class Team Grounded in Values -SMILES Sharing MindfulIntegrityLearningExcellenceSocial Responsibility

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OurBusiness BFSIEdTechHi-Tech and Media & EntertainmentIndustrial, Manufacturing and Energy & UtilitiesRetail, CPG & Logistics IoTDevOps & RPA Software Defined Networking / NFVBig Data & Advanced AnalyticsBlockchainCloudSecurityBPM & Integration Product & Digital Engineering Services Generative AI Business ServicesAgile and Secure Infrastructure Services Healthcare & Life SciencesConfidential – www.happiestminds.com4 Industry Groups (IG)

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GBSGenerative AI Applications Generative AI Custom ModelsFull-Scale Generative AI OfferingsText Based LLM’s (CoE) for Generative AIGenerative AI SecurityGenerative AI Quality TestingGenerative AI infrastructure management & support servicesCyber, Infrastructure & Data Security Data Privacy, Governance, Risk & ComplianceIdentity & Access ManagementSecurityCloud & DC InfrastructureDigital Workspaces NetworksITSM, ITOM Tools & PlatformsInfrastructurePDESProduct and Digital Engineering ServicesIMSS Modern Data Warehouse, AI & Data Science Data LakesStream AnalyticsConnecting ManufacturingConnecting Supply Chain & DistributionConnecting ProductConnecting ServicesDigital Automation Consulting for Applications / InfrastructureBlockchain & Web 3.0Metaverse & AR/VRDrones & RoboticsAI / AnalyticsInternet of ThingsDigital Process Automation Next-Gen Technologies OurBusiness CoEs © Confidential – www.happiestminds.com5 Generative AI Business ServicesInfrastructure Management and Security ServicesDigital FoundryStartup Technology AccelerationPlatform EngineeringDevice EngineeringQuality EngineeringConsulting and Domain-led Offerings

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Happiest Minds Successfully Executed a Digital Transformation Project for Coca Cola Bottling Company United for Streamlining its Order Management with Technology Transformation in Microsoft Power Automate“While building this solution along with Happiest Minds, we resurrected high-value strategic projects that we couldn’t tackle before because of the constraints of legacy apps. We feel empowered to take advantage of any future opportunities that the business provides us.” Happiest Minds Successfully Automated GRC for Cutover UK by Leveraging the Alyne Platform“Managing governance, risk and compliance is more important than ever and working with Alyne-Happiest Minds alliance means that Cutover can operate with confidence, with the controls in place to achieve SOC 2 compliance. This is significant not just for our own internal controls but also assures our customers that we have the alignment, accreditation and technology structure to maintain effective governance across the board.”Happiest Minds and Dywidag together Implemented an Integrated, Connected Digital IoT Platform that would provide AI Services and Tools for Machine Learning.“We have been working with Happiest Minds to develop Infrastructure Intelligence using Microsoft Azure. This partnership helped us secure thought leadership and the support of the Microsoft team to implement our IoT solution.” Happiest Minds Successfully Migrates VMware to AWS Cloud for Can Capital“Our project consisted of migrating an on-prem datacenter containing a legacy application with complex dependencies to AWS. The project was an overwhelming success. Happiest Minds quickly jumped in and learned our environment’s complexities and provided guidance and support throughout the whole process. The level of expertise their team brings to the table is a masterclass.” Disclaimer: All logos are the property of their respective owners. © Confidential – www.happiestminds.com7 Happiest Minds successfully helped Morgan Sindall Property Services in Enabling Safe, Healthy & Sustainable Spaces With Data-led Innovative IoTPlatform.“The IoT and cloud-based platform created in partnership with Happiest Minds helps Morgan Sindall generate alerts on the properties' health, energy use, thermal efficiency, air quality, carbon footprint, and damp & mould detection and then push them out to the Morgan Sindall Property Services teams so that they don't need to go and trawl through data and charts to identify properties at risk. This implies that issues can be distinguished before, and action can be taken instantly. As a result, tenants' welfare is taken care of more effectively and thoroughly, and issues are caught early before they become more serious.”

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All figures in ₹ Lakhs 22www.happiestminds.com FY 23 FY 24 FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY 25 FY26 Q1 FY26 Q2Operating revenue 1,42,929 1,62,466 46,382 52,164 53,081 54,457 2,06,084 54,990 57,357Other Income 2,111 8,537 2,544 2,702 2,296 2,595 10,137 3,003 2,161Total income 1,45,040 1,71,003 48,926 54,867 55,377 57,052 2,16,222 57,993 59,518Cost of revenue 82,827 99,204 28,614 33,567 33,691 35,276 1,31,149 34,834 35,738Gross Margin 60,101 63,262 17,768 18,597 19,390 19,180 74,935 20,156 21,619% 42.0% 38.9% 38.3% 35.7% 36.5% 35.2% 36.4% 36.7% 37.7%SG&A 24,215 29,677 8,642 9,417 9,999 10,790 38,849 10,754 11,754% 16.9% 18.3% 18.6% 18.1% 18.8% 19.8% 18.9% 19.6% 20.5%EBITDA 37,997 42,122 11,671 11,882 11,686 10,984 46,224 12,405 12,027% 26.2% 24.6% 23.9% 21.7% 21.1% 19.3% 21.4% 21.4% 20.2%Operating Margin 34,452 34,042 9,193 9,385 9,269 8,125 35,972 9,722 9,731% 24.3% 20.9% 19.8% 17.9% 17.5% 15.0% 17.5% 17.6% 17.0%Finance cost 2,102 3,991 1,741 2,551 2,442 2,380 9,113 2,387 2,446Depreciation 3,057 3,600 1,027 1,154 1,172 1,204 4,557 1,183 1,164Profit before acquisition related non-cash items32,838 34,531 8,903 8,177 8,072 7,400 32,553 8,836 8,416% 22.6% 20.2% 18.2% 14.9% 14.6% 13.0% 15.1% 15.2% 14.1%Amortisation of intangible assets 1,134 1,984 1,177 1,158 927 1,051 4,313 1,053 1,055Unwinding interest cost 84 240 242 248 251 94 835 95 95Amortization/Unwinding Interest 1,218 2,224 1,419 1,406 1,178 1,145 5,148 1,148 1,150 PBT before exceptional item* 31,620 32,307 7,484 6,771 6,894 6,254 27,406 7,687 7,266% 21.8% 18.9% 15.3% 12.3% 12.4% 11.0% 12.7% 13.3% 12.2%Exceptional items* 634 (1,402) 643 - - 1,216 1,859 - - PBT * 30,986 33,709 6,841 6,771 6,894 5,038 25,547 7,687 7,266 % 21.4% 19.7% 14.0% 12.3% 12.4% 8.8% 11.8% 13.3% 12.2%Adjusted PBT * 32,754 34,291 8,661 7,929 7,821 7,305 31,719 8,741 8,321 % 22.6% 20.1% 17.7% 14.5% 14.1% 12.8% 14.7% 15.1% 14.0%Current tax 8,508 9,518 2,114 2,179 2,210 1,940 8,443 2,184 2,192Deferred tax (621) (889) (376) (359) (326) (302) (1363) (210) (328)Total Tax 7,887 8,629 1,738 1,820 1,884 1,638 7,080 1,974 1,864% 5.4% 5.0% 3.6% 3.3% 3.4% 2.9% 3.3% 3.4% 3.1%PAT * 23,099 24,839 5,103 4,951 5,010 3,400 18,466 5,713 5,402% 15.9% 14.5% 10.4% 9.0% 9.0% 6.0% 8.5% 9.9% 9.1%Adjusted PAT * 24,951 25,661 7,165 6,357 6,188 5,760 25,475 6,862 6,552% 17.2% 15.0% 14.6% 11.6% 11.2% 10.1% 11.8% 11.8% 11.0% Income

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Slides

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