MPS Limited — PPTs, 12-11-2025: Investor Presentation

MPS Ltd. reported strong Q2 FY26 results. Revenue grew 9.42% YoY to ₹194.44 Cr, driven by robust performance in Research and Education segments. Education significantly expanded its revenue share to 27.2% from 19.5% last year, showing strong order pipelines and customer growth. Research remains the largest segment at 61.5% of revenue, with 18.32% organic growth. Profitability soared, with PAT up 57.32% to ₹55.44 Cr, and EPS reaching ₹32.67. EBITDA increased 13.03% to ₹60.47 Cr, with margins improving to 31.10% (+99 bps YoY).

Growth is fueled by accelerated customer acquisition, AI initiatives, and digital transformation solutions, particularly in Education. The company is actively diversifying revenue globally, seeing growing traction in UK/Europe.

Notably, MPS Interactive Systems completed acquiring the remaining 35% of Liberate Group, making it a wholly-owned subsidiary, unifying its Corporate Learning segment into an integrated global learning business.

MPS maintains a debt-free balance sheet with ₹117 Cr in cash reserves and improved its Days Sales Outstanding (DSO) to 37 days, reflecting enhanced collection efficiency. Management is focused on expanding non-STAR client revenue.