ALFA Finder| Management target | Revenue FY28 |
|---|
| Revenue growth | 20.4% YoY growth; organic growth in core research solutions up 26.3%. |
|---|---|
| Margins | Expanding to 34.3% from 27% YoY due to structural efficiency. |
| Demand visibility | Strong forward visibility through recurring subscription models in Unbound Medicine. |
| Management confidence | Extremely high; focusing on rule of 50 and compounding growth. |
Growth
Revenue grew 20% YoY, while EBITDA surged 53% driven by 34.3% margins. Operating leverage is strong with headcount rising only 3%.
Outlook
Management reaffirmed target of crossing 300 Cr EBITDA in FY27 and 1,500 Cr revenue by FY28.
Risks
Pruning of AJEE segment to improve quality over volume results in lower segment revenue. Rapid AI adoption creates valuation and obsolescence risks.
Last quarter's promises, checked
Delivered
- Guided 100 Cr+ EPS in FY26 → delivered 102.11 Cr (= BEAT)
- Guided FY26 record profitability → delivered record 236 Cr EBITDA (= BEAT)
- Guided Q4 exit margin turnaround in Corporate Learning → delivered 26.3% margin vs 16.5% FY average (= BEAT)
Partly delivered
- Guided Unbound Medicine FY27 exit margin 25-30% → current margin 18-19% (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: MPSLTD. Summary written with AI assistance from the document.
MPS Ltd: key numbers
- Share price
- ₹2,315.20
- Market cap
- ₹3,960 Cr
- Revenue (annual)
- ₹768.4 Cr
- Net profit (annual)
- ₹173.2 Cr
- P/E (TTM)
- 21.4×Sector 46.8×
- Promoter holding
- 68.34%+0.00% QoQ
- FII holding
- 1.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from MPS Ltd
All →MPS Annual General Meeting
MPS Limited is seeking shareholder approval via postal ballot to re-appoint Ms. Divya Verma as Non-Executive Independent Director for a second five-year term. Remote e-voting runs from 12 November to 11 December 2026.
MPS Earnings Call Transcript: Key Takeaways
H1 FY27 was a record: revenue rose 17.8% to ₹448.5 Cr and EBITDA 39% to ₹154 Cr at a 34.3% margin, with zero debt. Q2 margin was also 34.3%.
MPS Business Update
MPS Limited's Chairman and CEO, Rahul Arora, participated in a media interaction with CNBC-TV18. The discussion covered Q2FY27 financial results, business performance, and growth outlook.
MPS Other Announcement
MPS Ltd's Chairman and CEO will speak with CNBC TV18 on 04 November 2026 at 12:05 PM IST. The interview covers quarterly financial results and general business updates.
MPS Management Change
MPS Limited's board re-appointed Divya Verma as Non-Executive Independent Director for 60 months. The re-appointment takes effect January 24, 2027.
MPS Investor Presentation: Key Takeaways
Q2 FY27 revenue +15.35% YoY to INR 22,429 Lakhs; EBITDA +27.39%, record 34.34% margin. H1 EBITDA INR 154 Cr; zero debt, cash INR 16,323 Lakhs.