MPS Limited — Investor Meet, 25-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MPS Ltd (MPSLTD) reports Q1 FY'26 with muted 3.9% revenue growth but strong 22.51% EBITDA jump. Education Solutions led with 56.64% organic revenue growth, doubling EBITDA to 36% margin. Research Solutions saw a slight revenue dip due to intentional AJE rightsizing for profitability, but its non-AJE portfolio grew organically 10-11% with 40% EBITDA. Corporate Learning is strategically streamlining for efficiency and AI-led innovation. North America revenue increased to 51%. The Board approved amalgamating ADI BPO for simpler structure and consolidating eLearning units, clearing the path for future inorganic growth. Management is confident for FY'26, projecting AJE recovery from Q1 FY'27 and actively pursuing M&A.